Louisiana State Employees Retirement System Takes Position in Analog Devices, Inc. $ADI

Louisiana State Employees Retirement System acquired a new position in Analog Devices, Inc. (NASDAQ:ADI) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 57,000 shares of the semiconductor company’s stock, valued at approximately $18,134,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 1620 Investment Advisors Inc. lifted its position in Analog Devices by 5.0% in the fourth quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock worth $182,000 after buying an additional 32 shares during the last quarter. Covestor Ltd lifted its holdings in Analog Devices by 14.1% during the 4th quarter. Covestor Ltd now owns 275 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 34 shares in the last quarter. Maia Wealth LLC boosted its holdings in shares of Analog Devices by 2.0% in the fourth quarter. Maia Wealth LLC now owns 1,720 shares of the semiconductor company’s stock valued at $466,000 after purchasing an additional 34 shares during the period. JFS Wealth Advisors LLC lifted its holdings in shares of Analog Devices by 9.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 390 shares of the semiconductor company’s stock worth $106,000 after buying an additional 35 shares during the period. Finally, Albion Financial Group UT grew its holdings in Analog Devices by 41.4% during the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 36 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Analog Devices

In other news, Director Ray Stata sold 1,416 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $398.11, for a total transaction of $563,723.76. Following the completion of the sale, the director owned 118,759 shares in the company, valued at approximately $47,279,145.49. The trade was a 1.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 on Friday, June 12th. The shares were sold at an average price of $411.95, for a total transaction of $411,950.00. Following the completion of the transaction, the director owned 12,019 shares of the company’s stock, valued at $4,951,227.05. This represents a 7.68% 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 sold a total of 101,442 shares of company stock worth $40,422,954 in the last ninety days. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Up 1.2%

Shares of ADI opened at $417.93 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. Analog Devices, Inc. has a 1 year low of $218.37 and a 1 year high of $445.91. The stock has a market capitalization of $203.57 billion, a PE ratio of 62.10, a P/E/G ratio of 1.16 and a beta of 1.18. The company’s 50-day simple moving average is $407.22 and its 200-day simple moving average is $345.23.

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, topping the consensus estimate of $2.89 by $0.20. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.Analog Devices’s revenue was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Analysts forecast that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a $1.10 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is currently 65.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Cantor Fitzgerald lifted their target price on Analog Devices from $400.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Sanford C. Bernstein reissued a “market perform” rating and issued a $430.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 target price on shares of Analog Devices in a report on Wednesday, May 20th. Argus set a $460.00 price target on Analog Devices in a report on Tuesday, May 26th. Finally, Raymond James Financial restated an “outperform” rating and set a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $434.43.

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.