Analog Devices, Inc. $ADI Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 32.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,660 shares of the semiconductor company’s stock after purchasing an additional 13,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Analog Devices were worth $21,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Contravisory Investment Management Inc. acquired a new position in Analog Devices during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new stake in Analog Devices in the second quarter valued at approximately $25,000. Nvwm LLC grew its stake in Analog Devices by 590.0% in 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 during the period. Dunhill Financial LLC bought a new stake in shares of Analog Devices during the second quarter valued at approximately $32,000. Finally, Cornerstone Financial Management LLC raised its position in shares of Analog Devices by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 28 shares during the period. Institutional investors own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In other Analog Devices news, insider Katsufumi Nakamura sold 1,200 shares of the company’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total value of $498,024.00. Following the completion of the transaction, the insider owned 14,849 shares in the company, valued at $6,162,631.98. This represents a 7.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vivek Jain sold 3,305 shares of the company’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the transaction, the insider owned 40,428 shares of the company’s stock, valued at $16,437,216.24. This trade represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 52,436 shares of company stock valued at $20,014,954 in the last ninety days. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ADI shares. Evercore lowered their price objective 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. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price objective for the company in a report on Thursday, August 20th. Needham & Company LLC boosted their target price on shares of Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. TD Cowen upped their target price on shares of Analog Devices from $460.00 to $475.00 and gave the stock a “buy” rating in a report on Monday, October 19th. Finally, Weiss Ratings upgraded shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $460.55.

Analog Devices Trading Down 3.7%

Shares of ADI stock opened at $417.11 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The company has a market capitalization of $202.12 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 1.28 and a beta of 1.22. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The company has a 50-day simple moving average of $388.54 and a two-hundred day simple moving average of $371.13.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping 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 firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the firm earned $2.05 EPS. The company’s quarterly 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. Research analysts anticipate that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is presently 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.