Caisse de depot et placement du Quebec Purchases New Position in Analog Devices, Inc. $ADI

Caisse de depot et placement du Quebec acquired a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 493,064 shares of the semiconductor company’s stock, valued at approximately $195,830,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in Analog Devices during the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of Analog Devices in the 2nd quarter worth approximately $25,000. Dunhill Financial LLC bought a new position in shares of Analog Devices during the second quarter valued at approximately $32,000. Quantbot Technologies LP purchased a new position in Analog Devices during the second quarter valued at approximately $33,000. Finally, Banque Transatlantique SA bought a new position in Analog Devices in the fourth quarter worth approximately $25,000. 86.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 1,432 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the sale, the director owned 120,175 shares in the company, valued at $48,169,745.25. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the transaction, the director owned 11,019 shares of the company’s stock, valued at approximately $4,295,536.77. This represents a 8.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 45,274 shares of company stock valued at $17,889,486. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADI. Argus set a $460.00 target price on Analog Devices in a report on Tuesday, May 26th. Seaport Research Partners raised Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a research report on Thursday, August 20th. Jefferies Financial Group raised their price objective on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. The Goldman Sachs Group restated a “buy” rating and issued a $480.00 price target on shares of Analog Devices in a report on Wednesday, August 19th. Finally, Morgan Stanley boosted their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $454.63.

Analog Devices Trading Down 0.5%

Shares of NASDAQ:ADI opened at $371.80 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The stock has a market cap of $180.16 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 0.76 and a beta of 1.20. The business has a 50-day moving average price of $385.42 and a 200-day moving average price of $372.64.

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

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is presently 52.19%.

Analog Devices Company 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.