Analog Devices, Inc. $ADI Stock Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,222 shares of the semiconductor company’s stock after buying an additional 1,910 shares during the period. Generali Asset Management SPA SGR’s holdings in Analog Devices were worth $9,609,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Analog Devices in the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE bought a new stake in Analog Devices during the second quarter worth approximately $3,573,081,000. Van ECK Associates Corp increased its stake in Analog Devices by 24.7% during the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after acquiring an additional 1,670,957 shares during the last quarter. Amundi increased its stake in Analog Devices by 5.3% during the first quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after acquiring an additional 254,632 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in Analog Devices during the second quarter valued at approximately $1,525,167,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Trading Up 4.3%

Shares of NASDAQ:ADI opened at $425.35 on Wednesday. The company has a market capitalization of $206.11 billion, a price-to-earnings ratio of 50.46 and a beta of 1.22. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The firm’s 50-day moving average is $385.37 and its 200 day moving average is $369.20.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. The firm’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities analysts forecast that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio is presently 52.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ADI shares. TD Cowen raised their price objective on Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research note on Monday, October 19th. Morgan Stanley lifted their target price on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday. Piper Sandler set a $460.00 price target on Analog Devices in a report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. raised their price target on Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $460.55.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Ray Stata sold 1,416 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $420.04, for a total value of $594,776.64. Following the sale, the director owned 108,847 shares in the company, valued at $45,720,093.88. This trade represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the sale, the insider owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 52,436 shares of company stock valued at $20,014,954. Company insiders own 0.36% of the company’s stock.

About Analog Devices

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.