Legal & General Group Plc Has $1.04 Billion Holdings in Analog Devices, Inc. $ADI

Legal & General Group Plc reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,823,304 shares of the semiconductor company’s stock after selling 37,208 shares during the period. Legal & General Group Plc’s holdings in Analog Devices were worth $1,036,880,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ADI. Y.D. More Investments Ltd acquired a new position in Analog Devices in the 3rd quarter worth about $32,000. LFA Lugano Financial Advisors SA increased its position in Analog Devices by 92.9% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Albion Financial Group UT increased its position in Analog Devices by 41.4% in the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 36 shares during the last quarter. Entrust Financial LLC acquired a new position in Analog Devices in the 4th quarter worth about $33,000. Finally, Barnes Dennig Private Wealth Management LLC increased its position in Analog Devices by 61.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 49 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

More Analog Devices News

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Analog Devices reported fiscal Q2 results that beat expectations, with revenue up 37.2% year over year and guidance for next quarter coming in above Wall Street estimates, reinforcing momentum in industrial, data center, and power products.
• Positive Sentiment: Several analysts raised price targets after the earnings beat, including Baird and Needham, signaling higher confidence in ADI’s execution and growth outlook.
• Positive Sentiment: ADI announced a $1.5 billion all-cash acquisition of Empower Semiconductor, a move aimed at strengthening its AI power solutions business as demand for AI infrastructure accelerates. Analog Devices Expands AI Power Strategy with $1.5B Empower Acquisition
• Positive Sentiment: Management also highlighted surging AI infrastructure demand, suggesting ADI is increasingly tied to the buildout of hyperscale and data center power/optical systems. Analog Devices CEO drops bombshell message on exploding AI infrastructure demand
• Neutral Sentiment: Analog Devices said CFO Richard Puccio will speak at the Bank of America Global Technology Conference on June 2, which could offer more color on business trends but is not a major fundamental event. Analog Devices to Participate in the Bank of America Global Technology Conference

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $397.91, for a total transaction of $3,979,100.00. Following the completion of the sale, the chief executive officer owned 187,538 shares in the company, valued at $74,623,245.58. This represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Sondel sold 4,199 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total value of $1,515,922.98. Following the sale, the chief accounting officer owned 14,740 shares of the company’s stock, valued at approximately $5,321,434.80. The trade was a 22.17% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 24,199 shares of company stock valued at $8,676,423. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ADI. KeyCorp upped their target price on Analog Devices from $430.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $450.00 target price on shares of Analog Devices in a research report on Wednesday. UBS Group upped their target price on Analog Devices from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Arete Research raised Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 target price on the stock in a research report on Monday, March 30th. Finally, Wells Fargo & Company increased their price objective on Analog Devices from $470.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $429.85.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $397.07 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.75. The firm has a market cap of $193.41 billion, a price-to-earnings ratio of 59.00, a P/E/G ratio of 1.32 and a beta of 1.19. The business’s 50-day simple moving average is $361.62 and its 200-day simple moving average is $316.37. Analog Devices, Inc. has a 52 week low of $206.00 and a 52 week high of $435.72.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 12.06 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices’s dividend payout ratio is presently 65.38%.

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.