Raiffeisen Bank International AG Increases Stock Position in Analog Devices, Inc. $ADI

Raiffeisen Bank International AG grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 25.8% in the second quarter, HoldingsChannel reports. The firm owned 15,089 shares of the semiconductor company’s stock after buying an additional 3,093 shares during the quarter. Raiffeisen Bank International AG’s holdings in Analog Devices were worth $5,912,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ADI. Contravisory Investment Management Inc. bought a new position in Analog Devices during the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC bought a new stake in Analog Devices in the 2nd quarter worth approximately $25,000. Dunhill Financial LLC bought a new stake in Analog Devices in the 2nd quarter worth approximately $32,000. Quantbot Technologies LP purchased a new stake in shares of Analog Devices during the 2nd quarter worth approximately $33,000. Finally, Caitlin John LLC purchased a new stake in shares of Analog Devices during the 2nd quarter worth approximately $35,000. 86.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares in the company, valued at $20,292,537.12. This trade represents a 4.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $374.50, for a total transaction of $374,500.00. Following the completion of the transaction, the director owned 10,019 shares in the company, valued at $3,752,115.50. This represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 41,363 shares of company stock worth $15,477,939. 0.36% of the stock is currently owned by company insiders.

Analog Devices Stock Up 0.2%

NASDAQ ADI opened at $356.50 on Friday. 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, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The firm has a market capitalization of $172.75 billion, a price-to-earnings ratio of 42.29, a PEG ratio of 1.10 and a beta of 1.20. The company has a fifty day moving average of $377.67 and a two-hundred day moving average of $373.99.

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 the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the firm posted $2.05 EPS. The firm’s revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $1.10 dividend. The ex-dividend date 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 presently 52.19%.

Analysts Set New Price Targets

ADI has been the subject of a number of recent research reports. Argus set a $460.00 target price on shares of Analog Devices in a report on Tuesday, May 26th. Stifel Nicolaus upped their price target on shares of Analog Devices from $450.00 to $498.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Barclays increased their price objective on shares of Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 price objective on shares of Analog Devices in a research note on Monday, August 17th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $480.00 target price on shares of Analog Devices in a report on Wednesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Analog Devices presently has a consensus rating of “Buy” and a consensus target price of $454.63.

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.