Cigna Investments Inc. New Sells 80 Shares of Analog Devices, Inc. $ADI

Cigna Investments Inc. New trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,994 shares of the semiconductor company’s stock after selling 80 shares during the quarter. Cigna Investments Inc. New’s holdings in Analog Devices were worth $1,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC bought a new position in shares of Analog Devices during the 4th quarter valued at approximately $27,000. Menard Financial Group LLC bought a new position in shares of Analog Devices during the 4th quarter valued at approximately $27,000. Activest Wealth Management boosted its position in shares of Analog Devices by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 127 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of Analog Devices during the 1st quarter valued at approximately $27,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Analog Devices during the 1st quarter valued at approximately $33,000. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ADI. Truist Financial increased their target price on Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a research report on Thursday, August 21st. KGI Securities began coverage on Analog Devices in a research report on Friday, May 23rd. They set a “buy” rating for the company. Citigroup reiterated a “buy” rating and set a $290.00 target price (up from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Stifel Nicolaus increased their price target on Analog Devices from $248.00 to $270.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Williams Trading set a $260.00 price target on Analog Devices in a report on Friday, May 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.53.

Analog Devices Stock Performance

NASDAQ:ADI opened at $251.31 on Monday. The stock’s fifty day moving average is $237.29 and its 200 day moving average is $219.17. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The firm has a market capitalization of $123.63 billion, a PE ratio of 64.11, a PEG ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Analog Devices’s dividend payout ratio (DPR) is currently 101.02%.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the sale, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total value of $5,085,800.00. Following the completion of the sale, the chief executive officer directly owned 23,515 shares in the company, valued at $5,979,629.35. This represents a 45.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,615 shares of company stock worth $6,450,988 over the last three months. 0.33% of the stock is currently owned by insiders.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.