Teacher Retirement System of Texas Trims Stake in Analog Devices, Inc. $ADI

Teacher Retirement System of Texas lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 22.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,183 shares of the semiconductor company’s stock after selling 41,210 shares during the quarter. Teacher Retirement System of Texas’ holdings in Analog Devices were worth $34,318,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADI. Activest Wealth Management raised its holdings in shares of Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 127 shares during the period. RMG Wealth Management LLC purchased a new stake in shares of Analog Devices in the 2nd quarter valued at $26,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Analog Devices in the 1st quarter valued at $33,000. North Capital Inc. purchased a new stake in shares of Analog Devices in the 1st quarter valued at $36,000. Finally, Saudi Central Bank purchased a new stake in shares of Analog Devices in the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ADI. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Zacks Research raised Analog Devices from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. UBS Group lowered their target price on Analog Devices from $285.00 to $280.00 and set a “buy” rating for the company in a research note on Monday, July 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Analog Devices in a research note on Wednesday, October 8th. Finally, Morgan Stanley boosted their target price on Analog Devices from $273.00 to $288.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $275.29.

Analog Devices Stock Performance

Shares of ADI stock opened at $243.01 on Tuesday. The company has a market cap of $119.55 billion, a price-to-earnings ratio of 61.99, a price-to-earnings-growth ratio of 2.01 and a beta of 1.09. The stock has a 50 day simple moving average of $244.58 and a 200-day simple moving average of $228.55. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.10. The business 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%.The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. Analog Devices’s dividend payout ratio is currently 101.02%.

Insiders Place Their Bets

In related news, SVP Martin Cotter sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $246.25, for a total value of $3,078,125.00. Following the sale, the senior vice president owned 63,048 shares in the company, valued at $15,525,570. This represents a 16.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the 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 sale, the chief executive officer owned 140,118 shares in the company, valued at approximately $34,148,157.78. This trade represents a 6.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,115 shares of company stock worth $12,232,985. 0.33% of the stock is owned by insiders.

Analog Devices Company 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.