Flputnam Investment Management Co. Has $159.92 Million Holdings in Analog Devices, Inc. $ADI

Flputnam Investment Management Co. lowered its stake in Analog Devices, Inc. (NASDAQ:ADI) by 2.9% during the second quarter, HoldingsChannel.com reports. The firm owned 402,638 shares of the semiconductor company’s stock after selling 11,893 shares during the period. Analog Devices makes up about 1.9% of Flputnam Investment Management Co.’s holdings, making the stock its 10th biggest holding. Flputnam Investment Management Co.’s holdings in Analog Devices were worth $159,916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Banque Transatlantique SA bought a new stake in Analog Devices in the fourth quarter valued at about $25,000. Contravisory Investment Management Inc. bought a new position in Analog Devices during the second quarter worth about $25,000. Manning & Napier Advisors LLC bought a new position in Analog Devices during the second quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of Analog Devices during the 4th quarter worth about $26,000. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in shares of Analog Devices in the 4th quarter valued at about $27,000. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Trading Down 3.4%

Shares of NASDAQ:ADI opened at $361.78 on Friday. The company’s fifty day simple moving average is $382.77 and its 200 day simple moving average is $372.95. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The firm has a market cap of $175.31 billion, a price-to-earnings ratio of 42.92, a PEG ratio of 0.74 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The company’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, research analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is 52.19%.

Analysts Set New Price Targets

Several research analysts recently weighed in on ADI shares. Argus set a $460.00 price objective on shares of Analog Devices in a research note on Tuesday, May 26th. Truist Financial increased their target price on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Oppenheimer lifted their price target on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a report on Thursday, August 20th. Finally, Jefferies Financial Group upped their price objective on shares of Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $454.63.

Insiders Place Their Bets

In other news, SVP Martin Cotter sold 17,594 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the transaction, the senior vice president directly owned 56,332 shares in the company, valued at $23,546,776. This represents a 23.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the transaction, the director owned 10,019 shares of the company’s stock, valued at $3,752,115.50. The trade was a 9.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 48,957 shares of company stock valued at $19,268,931 in the last quarter. Company insiders own 0.36% of the company’s stock.

About Analog Devices

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.