Sumitomo Mitsui Trust Group Inc. Sells 27,828 Shares of Analog Devices, Inc. $ADI

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.6% during the third quarter, HoldingsChannel.com reports. The fund owned 1,716,544 shares of the semiconductor company’s stock after selling 27,828 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Analog Devices were worth $680,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IPG Investment Advisors LLC acquired a new stake in shares of Analog Devices in the 2nd quarter worth $1,922,000. Lazard Asset Management LLC lifted its position in Analog Devices by 6.3% in the first quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock valued at $543,656,000 after purchasing an additional 101,298 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Analog Devices in the second quarter valued at about $500,414,000. Ieq Capital LLC purchased a new stake in Analog Devices in the 2nd quarter valued at approximately $19,643,000. Finally, Nan Shan Life Insurance Co. Ltd. increased its position in Analog Devices by 804.4% during the 2nd quarter. Nan Shan Life Insurance Co. Ltd. now owns 62,297 shares of the semiconductor company’s stock worth $24,742,000 after purchasing an additional 55,409 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the sale, the chief executive officer directly owned 115,460 shares of the company’s stock, valued at $45,830,692.40. This trade represents a 7.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the sale, the chief financial officer owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. This trade represents a 4.72% 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 quarter, insiders sold 52,436 shares of company stock valued at $20,014,954. 0.36% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on ADI. Wells Fargo & Company reduced their price target on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a report on Thursday, August 20th. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, October 25th. TD Cowen raised their price objective on shares of Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research note on Monday, October 19th. Morgan Stanley boosted their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Finally, Piper Sandler set a $460.00 price target on Analog Devices in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and an average price target of $460.55.

Analog Devices Price Performance

ADI stock opened at $417.11 on Friday. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The stock’s 50 day moving average price is $388.54 and its 200 day moving average price is $371.13. The firm has a market cap of $202.12 billion, a P/E ratio of 49.48, a PEG ratio of 1.28 and a beta of 1.22.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the business posted $2.05 earnings per share. Analog Devices’s revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.