Swiss National Bank Sells 82,400 Shares of Analog Devices, Inc. $ADI

Swiss National Bank trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,348,075 shares of the semiconductor company’s stock after selling 82,400 shares during the quarter. Swiss National Bank’s holdings in Analog Devices were worth $365,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ING Groep NV boosted its stake in shares of Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after acquiring an additional 69,202 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Analog Devices by 247.3% during the 4th quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock worth $95,802,000 after acquiring an additional 249,702 shares during the last quarter. HF Advisory Group LLC boosted its stake in shares of Analog Devices by 661.6% during the 4th quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock worth $13,477,000 after acquiring an additional 43,168 shares during the last quarter. Jones Kertz & Associates Inc. purchased a new position in shares of Analog Devices during the 4th quarter worth $1,480,000. Finally, Covenant Asset Management LLC purchased a new position in shares of Analog Devices during the 4th quarter worth $2,500,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Up 5.0%

ADI opened at $412.13 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. Analog Devices, Inc. has a fifty-two week low of $218.37 and a fifty-two week high of $439.70. The firm’s fifty day moving average is $389.82 and its 200 day moving average is $334.10. The stock has a market cap of $200.74 billion, a price-to-earnings ratio of 61.24, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the company earned $1.85 EPS. Analog Devices’s revenue for the quarter was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, sell-side analysts forecast that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s payout ratio is 65.38%.

Analyst Ratings Changes

ADI has been the topic of several analyst reports. Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Citigroup lifted their price target on shares of Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. KeyCorp lifted their price target on shares of Analog Devices from $430.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 price target on shares of Analog Devices in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group lifted their price target on shares of Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average price target of $432.71.

Insider Activity at Analog Devices

In related news, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the transaction, the senior vice president owned 56,332 shares in the company, valued at approximately $23,546,776. The trade was a 23.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the transaction, the chief executive officer owned 137,538 shares in the company, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 99,026 shares of company stock worth $39,447,281. 0.36% of the stock is owned by corporate insiders.

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.