Analog Devices, Inc. $ADI Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 0.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,872 shares of the semiconductor company’s stock after buying an additional 53 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Analog Devices worth $90,655,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Analog Devices by 284.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company’s stock valued at $6,262,000 after buying an additional 22,973 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Analog Devices in the 1st quarter valued at approximately $296,000. Keybank National Association OH lifted its holdings in shares of Analog Devices by 85.8% in the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company’s stock valued at $5,461,000 after buying an additional 12,505 shares during the period. Eastern Bank lifted its holdings in shares of Analog Devices by 6.0% in the 1st quarter. Eastern Bank now owns 196,677 shares of the semiconductor company’s stock valued at $39,664,000 after buying an additional 11,101 shares during the period. Finally, McLean Asset Management Corp acquired a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $262,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ADI shares. Citigroup reaffirmed a “buy” rating and issued a $290.00 price objective (up from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. JPMorgan Chase & Co. raised their price objective on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Truist Financial raised their price objective on Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a research note on Thursday, August 21st. Wells Fargo & Company raised their price objective on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, August 21st. Finally, Evercore ISI raised their price objective on Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.29.

Analog Devices Stock Performance

Analog Devices stock opened at $238.15 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The stock has a fifty day moving average of $242.55 and a two-hundred day moving average of $224.72. The company has a market capitalization of $117.16 billion, a price-to-earnings ratio of 60.75, a PEG ratio of 1.98 and a beta of 1.09. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13.

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

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.7%. Analog Devices’s payout ratio is currently 101.02%.

Insiders Place Their Bets

In other news, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the sale, the senior vice president owned 13,549 shares of the company’s stock, valued at $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $243.71, for a total value of $2,437,100.00. Following the completion of the sale, the chief executive officer directly owned 140,118 shares of the company’s stock, valued at approximately $34,148,157.78. This represents a 6.66% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,115 shares of company stock valued at $12,232,985. 0.33% of the stock is currently owned by company insiders.

Analog Devices Profile

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.