Nissay Asset Management Corp Japan Sells 47,968 Shares of Analog Devices, Inc. $ADI

Nissay Asset Management Corp Japan lowered its stake in Analog Devices, Inc. (NASDAQ:ADI) by 17.0% in the second quarter, HoldingsChannel.com reports. The firm owned 233,543 shares of the semiconductor company’s stock after selling 47,968 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Analog Devices were worth $92,756,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Archer Investment Corp acquired a new position in Analog Devices during the 2nd quarter worth $46,000. Kingsview Wealth Management LLC acquired a new stake in shares of Analog Devices in the 2nd quarter valued at $20,457,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Analog Devices in the 2nd quarter valued at $6,568,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Analog Devices during the second quarter worth $1,002,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Analog Devices during the second quarter worth $1,210,000. Institutional investors own 86.81% of the company’s stock.

Analyst Ratings Changes

ADI has been the topic of several recent research reports. BMO Capital Markets initiated coverage on Analog Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price target on the stock. Weiss Ratings raised Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Wolfe Research restated an “outperform” rating and set a $475.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Raymond James Financial reaffirmed an “outperform” rating and issued a $430.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 price target on shares of Analog Devices in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $454.63.

Analog Devices Stock Down 3.4%

NASDAQ:ADI opened at $361.78 on Friday. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. 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 firm has a market capitalization of $175.31 billion, a P/E ratio of 42.92, a P/E/G ratio of 0.76 and a beta of 1.20. The stock’s fifty day simple moving average is $382.77 and its 200-day simple moving average is $372.95.

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

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $1.10 per share. 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 payout ratio is currently 52.19%.

Insider Activity

In related news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were 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 in the company, valued at $20,292,537.12. This represents a 4.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total value of $374,500.00. Following the sale, the director directly owned 10,019 shares in the company, valued at $3,752,115.50. The trade was a 9.08% 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 sold a total of 48,957 shares of company stock worth $19,268,931 over the last three months. 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.