Nan Shan Life Insurance Co. Ltd. Purchases 55,409 Shares of Analog Devices, Inc. $ADI

Nan Shan Life Insurance Co. Ltd. grew its position in Analog Devices, Inc. (NASDAQ:ADI) by 804.4% in the second quarter, HoldingsChannel.com reports. The firm owned 62,297 shares of the semiconductor company’s stock after acquiring an additional 55,409 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in Analog Devices were worth $24,742,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in Analog Devices in the 2nd quarter worth approximately $18,610,868,000. Bank of America Corp DE bought a new stake in shares of Analog Devices during the second quarter valued at approximately $3,573,081,000. Norges Bank purchased a new position in shares of Analog Devices in the fourth quarter worth $2,215,516,000. Legal & General Group Plc bought a new position in shares of Analog Devices during the second quarter worth $1,525,167,000. Finally, Bank of New York Mellon Corp purchased a new position in Analog Devices during the second quarter valued at $1,326,066,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Analog Devices stock opened at $354.52 on Wednesday. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $380.04 and a 200-day moving average price of $373.68. The firm has a market capitalization of $171.79 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.Analog Devices’s revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities research analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

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

Insider Activity at Analog Devices

In other Analog Devices news, Director Karen Golz sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the sale, the director directly owned 10,019 shares of the company’s stock, valued at $3,752,115.50. The trade was a 9.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $377.37, for a total transaction of $534,355.92. Following the completion of the transaction, the director owned 114,511 shares in the company, valued at $43,213,016.07. This represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 31,363 shares of company stock worth $11,914,639. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ADI shares. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 price objective on shares of Analog Devices in a research report on Monday, August 17th. 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. Wolfe Research reissued an “outperform” rating and issued a $475.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and upped their price target for the company from $430.00 to $465.00 in a research note on Wednesday, August 19th. Finally, KeyCorp increased their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Analog Devices currently has an average rating of “Buy” and an average target price of $454.63.

About Analog Devices

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.