Analog Devices, Inc. $ADI Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 60.6% in the first quarter, HoldingsChannel reports. The firm owned 604,333 shares of the semiconductor company’s stock after selling 928,122 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Analog Devices were worth $192,254,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. KCM Investment Advisors LLC acquired a new position in Analog Devices in the first quarter valued at approximately $452,000. IMG Wealth Management Inc. raised its holdings in Analog Devices by 65.9% during the first quarter. IMG Wealth Management Inc. now owns 151 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 60 shares in the last quarter. Excelsior Advisor Network LLC purchased a new stake in shares of Analog Devices during the 1st quarter worth approximately $442,000. Quantinno Capital Management LP boosted its holdings in shares of Analog Devices by 21.2% in the 1st quarter. Quantinno Capital Management LP now owns 291,061 shares of the semiconductor company’s stock valued at $92,598,000 after buying an additional 50,870 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Analog Devices in the 1st quarter valued at $8,070,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Down 1.6%

ADI stock opened at $365.83 on Wednesday. Analog Devices, Inc. has a one year low of $218.37 and a one year high of $445.91. The stock has a market capitalization of $178.19 billion, a PE ratio of 54.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The company has a fifty day moving average of $400.02 and a 200-day moving average of $362.31.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.20. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, analysts expect that Analog Devices, Inc. will post 12.42 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd 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 of this dividend was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is 65.38%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ADI shares. Argus set a $460.00 price target on shares of Analog Devices in a research note on Tuesday, May 26th. Bank of America upped their price objective on shares of Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Wolfe Research reaffirmed an “outperform” rating and set a $475.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Cantor Fitzgerald boosted their target price on Analog Devices from $510.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Needham & Company LLC upped their target price on Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $441.00.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $389.75, for a total transaction of $3,897,500.00. Following the transaction, the chief executive officer owned 137,538 shares of the company’s stock, valued at $53,605,435.50. This represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $377.01, for a total value of $533,846.16. Following the completion of the transaction, the director owned 117,343 shares of the company’s stock, valued at $44,239,484.43. The trade was a 1.19% 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 103,858 shares of company stock valued at $42,062,730 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

Analog Devices Profile

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.