Analog Devices, Inc. $ADI Stock: Russell Investments Group Ltd. Trims Holdings

Russell Investments Group Ltd. decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 15.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,397 shares of the semiconductor company’s stock after selling 113,075 shares during the quarter. Russell Investments Group Ltd. owned 0.13% of Analog Devices worth $241,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Analog Devices in the second quarter valued at $18,610,868,000. Bank of America Corp DE purchased a new stake in shares of Analog Devices in the 2nd quarter worth about $3,573,081,000. Legal & General Group Plc purchased a new stake in shares of Analog Devices in the 2nd quarter worth about $1,525,167,000. Bank of New York Mellon Corp purchased a new stake in shares of Analog Devices in the 2nd quarter worth about $1,326,066,000. Finally, Primecap Management Co. CA acquired a new stake in Analog Devices in the 2nd quarter valued at about $1,242,479,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In other news, insider Katsufumi Nakamura sold 1,200 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total transaction of $498,024.00. Following the completion of the sale, the insider directly owned 14,849 shares of the company’s stock, valued at $6,162,631.98. This trade represents a 7.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $407.28, for a total value of $576,708.48. Following the completion of the sale, the director directly owned 104,599 shares of the company’s stock, valued at approximately $42,601,080.72. This trade represents a 1.34% 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 52,436 shares of company stock valued at $20,681,906 in the last ninety days. 0.36% of the stock is owned by insiders.

Analog Devices Stock Up 0.1%

Shares of NASDAQ ADI opened at $409.29 on Friday. The firm has a market cap of $198.33 billion, a P/E ratio of 48.55, a price-to-earnings-growth ratio of 0.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a 1 year low of $224.25 and a 1 year high of $445.91. The firm’s 50 day moving average price is $393.97 and its 200 day moving average price is $375.40.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate 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 return on equity of 16.39% and a net margin of 29.79%. The business’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 12.88 earnings per share for the current year.

Analog Devices Announces Dividend

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

Analysts Set New Price Targets

ADI has been the subject of a number of research reports. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $430.00 to $465.00 in a research report on Wednesday, August 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $510.00 price target (up from $400.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Evercore dropped their price objective on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. Robert W. Baird lifted their price objective on Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. Finally, Arete Research upped their target price on Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. One investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $460.55.

Analog Devices 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.