Analog Devices, Inc. $ADI Stock: BDF Gestion Lowers Position

BDF Gestion reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,833 shares of the semiconductor company’s stock after selling 1,755 shares during the period. Analog Devices comprises about 0.8% of BDF Gestion’s holdings, making the stock its 25th largest position. BDF Gestion’s holdings in Analog Devices were worth $5,488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC bought a new position in Analog Devices during the second quarter valued at approximately $25,000. Nvwm LLC raised its position in Analog Devices by 590.0% during the third quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 59 shares in the last quarter. Evolution Wealth Management Inc. bought a new position in Analog Devices during the first quarter valued at approximately $30,000. Finally, Cornerstone Financial Management LLC lifted its stake in Analog Devices by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 28 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Katsufumi Nakamura sold 1,200 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $415.02, for a total transaction of $498,024.00. Following the completion of the transaction, the insider directly owned 14,849 shares in the company, valued at $6,162,631.98. This represents a 7.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the completion of the sale, the chief executive officer directly owned 115,460 shares of the company’s stock, valued at approximately $45,830,692.40. This trade represents a 7.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 50,936 shares of company stock valued at $19,430,764 in the last ninety days. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the subject of several recent research reports. Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price for the company in a research report on Thursday, August 20th. Evercore cut their price target on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Wall Street Zen downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. lifted their price objective on shares of Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Finally, Robert W. Baird upped their price objective on shares of Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $460.09.

Analog Devices Stock Performance

Shares of NASDAQ:ADI traded down $2.11 during trading on Monday, reaching $393.33. The stock had a trading volume of 1,193,734 shares, compared to its average volume of 4,022,611. 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 $190.59 billion, a price-to-earnings ratio of 46.56, a P/E/G ratio of 1.22 and a beta of 1.22. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $382.76 and a two-hundred day simple moving average of $387.11.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business’s revenue was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts anticipate that Analog Devices, Inc. will post 12.99 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio is currently 52.19%.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.