Public Employees Retirement System of Ohio Acquires New Position in Analog Devices, Inc. $ADI

Public Employees Retirement System of Ohio acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 201,053 shares of the semiconductor company’s stock, valued at approximately $79,852,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADI. MASTERINVEST Kapitalanlage GmbH purchased a new stake in Analog Devices during the 2nd quarter worth about $1,068,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Analog Devices in the 2nd quarter valued at about $2,474,000. Blue Edge Capital LLC purchased a new position in shares of Analog Devices in the 2nd quarter valued at about $251,000. Proficio Capital Partners LLC purchased a new stake in shares of Analog Devices during the second quarter worth approximately $4,030,000. Finally, Pure Financial Advisors LLC purchased a new stake in shares of Analog Devices during the second quarter worth approximately $475,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares in the company, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $389.83, for a total transaction of $389,830.00. Following the transaction, the director owned 11,019 shares in the company, valued at approximately $4,295,536.77. This trade represents a 8.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 47,957 shares of company stock worth $18,894,431. 0.36% of the stock is currently owned by insiders.

Analog Devices Stock Up 0.7%

Shares of NASDAQ ADI opened at $374.52 on Friday. The business has a 50-day moving average price of $384.22 and a 200 day moving average price of $373.02. The stock has a market cap of $181.48 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. Analog Devices’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share 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 given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices’s payout ratio is 52.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Fundamental Research set a $550.00 price objective on shares of Analog Devices in a report on Monday, June 29th. Oppenheimer raised their price target on Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Weiss Ratings raised Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. TD Cowen reiterated a “buy” rating and issued a $460.00 price objective on shares of Analog Devices in a report on Thursday, August 20th. Finally, Jefferies Financial Group boosted their target price on Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus 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.