Analog Devices, Inc. $ADI Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.0% in the 1st quarter, Holdings Channel reports. The fund owned 754,564 shares of the semiconductor company’s stock after selling 23,561 shares during the period. California State Teachers Retirement System’s holdings in Analog Devices were worth $240,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. ING Groep NV lifted its stake in shares of Analog Devices by 45.1% in the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock valued at $60,358,000 after purchasing an additional 69,202 shares during the period. Covenant Asset Management LLC acquired a new stake in Analog Devices during the fourth quarter valued at $2,500,000. HF Advisory Group LLC increased its holdings in Analog Devices by 661.6% in the fourth quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock valued at $13,477,000 after buying an additional 43,168 shares in the last quarter. Jones Kertz & Associates Inc. purchased a new position in Analog Devices in the fourth quarter valued at $1,480,000. Finally, MGO One Seven LLC raised its position in shares of Analog Devices by 17.7% in the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company’s stock worth $12,352,000 after acquiring an additional 6,846 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Down 1.6%

ADI opened at $365.83 on Wednesday. Analog Devices, Inc. has a twelve month low of $218.37 and a twelve month high of $445.91. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $400.02 and a 200 day moving average price of $362.31. The company has a market cap of $178.19 billion, a PE ratio of 54.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the company posted $1.85 EPS. Analog Devices’s quarterly revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 12.42 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is 65.38%.

Analyst Ratings Changes

ADI has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 target price on shares of Analog Devices in a research note on Wednesday, May 20th. Cantor Fitzgerald upped their price target on Analog Devices from $510.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Fundamental Research set a $550.00 price target on Analog Devices in a research report on Monday, June 29th. Barclays raised their price objective on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Finally, Jefferies Financial Group boosted their price objective on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $441.00.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $377.01, for a total value of $533,846.16. Following the sale, the director directly owned 117,343 shares of the company’s stock, valued at $44,239,484.43. The trade was a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $389.75, for a total value of $3,897,500.00. Following the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at $53,605,435.50. The trade was a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 103,858 shares of company stock valued at $42,062,730. Insiders own 0.36% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.