Analog Devices, Inc. $ADI Stock Holdings Increased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 6.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 24,386 shares of the semiconductor company’s stock after acquiring an additional 1,400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Analog Devices were worth $9,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ADI. Banque Transatlantique SA acquired a new stake in shares of Analog Devices during the fourth quarter worth $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Analog Devices in the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Analog Devices during the 2nd quarter valued at about $25,000. Hilton Head Capital Partners LLC bought a new stake in shares of Analog Devices during the 4th quarter valued at about $26,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Analog Devices during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on ADI shares. TD Cowen restated a “buy” rating and issued a $460.00 target price on shares of Analog Devices in a research note on Thursday, August 20th. Seaport Research Partners upgraded Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target on the stock in a research report on Thursday, August 20th. Bank of America raised their price target on Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Evercore restated an “outperform” rating and set a $474.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Robert W. Baird upped their price objective on Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a research note on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Buy” and a consensus price target of $454.63.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 1,432 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the completion of the transaction, the director owned 120,175 shares in the company, valued at approximately $48,169,745.25. The trade was a 1.18% decrease in their position. The sale was disclosed in a legal 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, SVP Martin Cotter sold 17,594 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the transaction, the senior vice president directly owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. The trade was a 23.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 48,957 shares of company stock worth $19,268,931. 0.36% of the stock is owned by company insiders.

Analog Devices Trading Down 3.4%

Analog Devices stock opened at $361.78 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $382.77 and a two-hundred day moving average price of $372.95. The firm has a market capitalization of $175.31 billion, a price-to-earnings ratio of 42.92, a PEG ratio of 0.76 and a beta of 1.20. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. Analog Devices’s quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices’s dividend payout ratio is 52.19%.

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.