OMERS ADMINISTRATION Corp Has $17.38 Million Stake in Analog Devices, Inc. $ADI

OMERS ADMINISTRATION Corp boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 207.2% in the first quarter, Holdings Channel reports. The firm owned 54,631 shares of the semiconductor company’s stock after purchasing an additional 36,845 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Analog Devices were worth $17,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADI. Banque Transatlantique SA acquired a new position in shares of Analog Devices during the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Analog Devices in the fourth quarter valued at about $26,000. Gordian Capital Singapore Pte Ltd bought a new stake in Analog Devices during the fourth quarter worth about $27,000. Evolution Wealth Management Inc. bought a new stake in Analog Devices during the first quarter worth about $30,000. Finally, Albion Financial Group UT boosted its position in Analog Devices by 41.4% during the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 36 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $371.86 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $181.13 billion, a P/E ratio of 55.25, a P/E/G ratio of 0.96 and a beta of 1.18. Analog Devices, Inc. has a 12 month low of $218.37 and a 12 month high of $445.91. The stock has a 50 day moving average of $401.93 and a 200-day moving average of $360.65.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.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 firm posted $1.85 EPS. The company’s quarterly revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, equities research analysts predict that Analog Devices, Inc. will post 12.42 EPS for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is currently 65.38%.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $377.01, for a total value of $533,846.16. Following the transaction, the director directly owned 117,343 shares of the company’s stock, valued at $44,239,484.43. This represents a 1.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $389.75, for a total value of $3,897,500.00. Following the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at $53,605,435.50. This represents a 6.78% decrease in their position. 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 three months, insiders have sold 103,858 shares of company stock valued at $42,062,730. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on ADI. Robert W. Baird raised their price target on Analog Devices from $365.00 to $450.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Needham & Company LLC increased their price objective on Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Wolfe Research reissued an “outperform” rating and issued a $475.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Truist Financial boosted their target price on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Finally, Arete Research raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 price target on the stock in a research report on Monday, March 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and a consensus price target of $441.00.

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.