Analog Devices, Inc. $ADI Stock Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 14.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,910 shares of the semiconductor company’s stock after selling 1,524 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Analog Devices were worth $3,535,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. IPG Investment Advisors LLC purchased a new position in shares of Analog Devices during the 2nd quarter worth about $1,922,000. Birch Hill Investment Advisors LLC boosted its position in shares of Analog Devices by 18.5% in the third quarter. Birch Hill Investment Advisors LLC now owns 133,793 shares of the semiconductor company’s stock worth $53,077,000 after acquiring an additional 20,889 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Analog Devices by 6.3% in the first quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock valued at $543,656,000 after purchasing an additional 101,298 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Analog Devices during the 2nd quarter valued at $500,414,000. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Analog Devices by 1.8% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 144,812 shares of the semiconductor company’s stock worth $57,448,000 after buying an additional 2,500 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ADI. Cantor Fitzgerald reiterated an “overweight” rating and issued a $510.00 target price (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $430.00 to $465.00 in a research report on Wednesday, August 19th. The Goldman Sachs Group restated a “buy” rating and set a $480.00 price target (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. Arete Research raised their price objective on Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Evercore reduced their price objective on Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $460.55.

Insiders Place Their Bets

In other news, CFO Richard Puccio, Jr. sold 2,683 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares of the company’s stock, valued at $20,292,537.12. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $396.94, for a total value of $3,969,400.00. Following the completion of the sale, the chief executive officer 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,436 shares of company stock worth $20,681,906 over the last quarter. 0.36% of the stock is owned by corporate insiders.

Analog Devices Price Performance

Analog Devices stock opened at $363.56 on Monday. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The firm has a fifty day moving average of $390.52 and a 200-day moving average of $373.48. The firm has a market capitalization of $176.17 billion, a P/E ratio of 43.13, a PEG ratio of 0.88 and a beta of 1.24. 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 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. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the firm posted $2.05 EPS. The business’s revenue for the quarter 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. As a group, analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s payout ratio is currently 52.19%.

Analog Devices Company Profile

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.

The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.