Mirae Asset Global Investments Co. Ltd. Purchases New Shares in Analog Devices, Inc. $ADI

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 750,178 shares of the semiconductor company’s stock, valued at approximately $297,603,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ProShare Advisors LLC raised its position in Analog Devices by 4.6% in the third quarter. ProShare Advisors LLC now owns 632,311 shares of the semiconductor company’s stock valued at $250,844,000 after purchasing an additional 27,922 shares during the period. Vise Technologies Inc. purchased a new position in shares of Analog Devices during the 3rd quarter worth $12,040,000. Investment Partners LTD. grew its holdings in shares of Analog Devices by 44.2% during the 3rd quarter. Investment Partners LTD. now owns 2,049 shares of the semiconductor company’s stock worth $813,000 after purchasing an additional 628 shares during the period. Cidel Asset Management Inc. raised its holdings in Analog Devices by 2.1% in the 3rd quarter. Cidel Asset Management Inc. now owns 7,482 shares of the semiconductor company’s stock valued at $2,968,000 after buying an additional 151 shares during the period. Finally, Summit Global Investments raised its holdings in Analog Devices by 2.0% in the 3rd quarter. Summit Global Investments now owns 4,173 shares of the semiconductor company’s stock valued at $1,655,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ADI shares. Morgan Stanley increased their target price on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. TD Cowen boosted their price target 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. BMO Capital Markets started coverage on shares of Analog Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Finally, Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $460.55.

Insider Activity

In related news, CFO Richard Puccio, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $389.46, for a total transaction of $584,190.00. Following the sale, the chief financial officer directly owned 48,177 shares of the company’s stock, valued at $18,763,014.42. This represents a 3.02% decrease in their position. The sale was disclosed in a 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, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the sale, the chief executive officer owned 115,460 shares in the company, valued at approximately $45,830,692.40. This trade represents a 7.97% 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. Insiders sold 52,436 shares of company stock worth $20,014,954 over the last 90 days. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $417.11 on Friday. The stock has a market capitalization of $202.12 billion, a price-to-earnings ratio of 49.48, a price-to-earnings-growth ratio of 1.28 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The business has a 50-day moving average of $388.54 and a 200 day moving average of $371.13. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91.

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

Analog Devices Announces Dividend

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

Analog Devices 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.