Analog Devices, Inc. $ADI Shares Sold by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 23.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 110,131 shares of the semiconductor company’s stock after selling 33,558 shares during the period. Rakuten Investment Management Inc.’s holdings in Analog Devices were worth $30,355,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hilton Head Capital Partners LLC acquired a new stake in Analog Devices in the 4th quarter valued at about $26,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Analog Devices in the 4th quarter valued at about $27,000. Y.D. More Investments Ltd acquired a new stake in Analog Devices in the 3rd quarter valued at about $32,000. Albion Financial Group UT grew its stake in Analog Devices by 41.4% in the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 36 shares during the last quarter. Finally, Entrust Financial LLC acquired a new stake in Analog Devices in the 4th quarter valued at about $33,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $411.95, for a total value of $411,950.00. Following the sale, the director directly owned 12,019 shares in the company, valued at approximately $4,951,227.05. This trade represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total value of $573,988.56. Following the completion of the sale, the director owned 120,175 shares in the company, valued at $48,169,745.25. The trade was a 1.18% 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 101,442 shares of company stock valued at $40,422,954. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Up 2.3%

Shares of NASDAQ:ADI opened at $427.58 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 52-week low of $218.37 and a 52-week high of $439.70. The company has a 50 day moving average of $393.95 and a two-hundred day moving average of $336.60. The company has a market capitalization of $208.27 billion, a price-to-earnings ratio of 63.53, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the company earned $1.85 earnings per share. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, analysts forecast that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed 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 1.0%. Analog Devices’s dividend payout ratio (DPR) is 65.38%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 target price on shares of Analog Devices in a report on Wednesday, May 20th. Wells Fargo & Company upped their target price on shares of Analog Devices from $470.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Susquehanna upped their target price on shares of Analog Devices from $360.00 to $400.00 and gave the company a “positive” rating in a report on Thursday, February 19th. Barclays increased their price objective on shares of Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, Cantor Fitzgerald increased their price objective on shares of Analog Devices from $400.00 to $510.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $432.71.

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.