Analog Devices, Inc. $ADI Stock Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 156.1% in the third quarter, Holdings Channel reports. The institutional investor owned 262,656 shares of the semiconductor company’s stock after acquiring an additional 160,094 shares during the quarter. Retirement Systems of Alabama’s holdings in Analog Devices were worth $104,198,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Ullmann Wealth Partners Group LLC lifted its holdings in Analog Devices by 4.4% in the third quarter. Ullmann Wealth Partners Group LLC now owns 592 shares of the semiconductor company’s stock valued at $235,000 after acquiring an additional 25 shares during the last quarter. Quest 10 Wealth Builders Inc. grew its position in Analog Devices by 23.8% in the third quarter. Quest 10 Wealth Builders Inc. now owns 130 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 25 shares during the period. Petros Family Wealth LLC grew its position in Analog Devices by 0.8% in the third quarter. Petros Family Wealth LLC now owns 3,377 shares of the semiconductor company’s stock worth $1,340,000 after acquiring an additional 26 shares during the period. Bridgewater Advisors Inc. increased its stake in Analog Devices by 1.5% during the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock worth $574,000 after acquiring an additional 27 shares during the last quarter. Finally, Silicon Valley Capital Partners increased its stake in Analog Devices by 4.2% during the first quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock worth $214,000 after acquiring an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Piper Sandler set a $460.00 price target on Analog Devices in a report on Tuesday, September 8th. Seaport Research Partners upgraded Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a report on Thursday, August 20th. BMO Capital Markets began coverage on Analog Devices in a research report on Thursday, August 20th. They set an “outperform” rating and a $430.00 price objective for the company. Finally, Evercore reduced 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. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $460.55.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $425.46, for a total transaction of $4,254,600.00. Following the transaction, the chief executive officer owned 125,670 shares of the company’s stock, valued at approximately $53,467,558.20. This represents a 7.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $407.28, for a total value of $576,708.48. Following the transaction, the director owned 104,599 shares of the company’s stock, valued at $42,601,080.72. This trade represents a 1.34% 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. In the last three months, insiders sold 52,436 shares of company stock valued at $20,681,906. Insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

NASDAQ:ADI opened at $394.66 on Tuesday. Analog Devices, Inc. has a fifty-two week low of $224.25 and a fifty-two week high of $445.91. 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 50 day moving average price of $391.18 and a 200 day moving average price of $373.93. The stock has a market capitalization of $191.24 billion, a P/E ratio of 46.82, a PEG ratio of 0.98 and a beta of 1.24.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion for 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 firm’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s payout ratio is presently 52.19%.

Analog Devices Company 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.