Analog Devices, Inc. $ADI Stock Position Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 77,800 shares of the semiconductor company’s stock after acquiring an additional 2,489 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Analog Devices were worth $30,864,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Contravisory Investment Management Inc. acquired a new stake in Analog Devices in the second quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new position in Analog Devices during the 2nd quarter worth about $25,000. Nvwm LLC lifted its holdings in Analog Devices by 590.0% during the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock worth $27,000 after buying an additional 59 shares during the period. Evolution Wealth Management Inc. bought a new stake in shares of Analog Devices in the 1st quarter valued at about $30,000. Finally, Cornerstone Financial Management LLC grew its position in shares of Analog Devices by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 28 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices 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 $20,292,537.12. The trade was a 4.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer owned 115,460 shares in the company, valued at $45,830,692.40. The trade was a 7.97% decrease in their position. 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 three months, insiders have sold 50,936 shares of company stock worth $19,430,764. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

ADI stock opened at $394.35 on Tuesday. The firm has a market cap of $191.09 billion, a PE ratio of 46.78, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22. 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 stock has a 50-day moving average price of $382.96 and a 200-day moving average price of $387.64. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91.

Analog Devices (NASDAQ:ADI) last announced its 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. 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 for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the company earned $2.05 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Analog Devices, Inc. will post 12.99 earnings per share for the current year.

Analog Devices Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADI. Piper Sandler set a $460.00 price objective on Analog Devices in a research report on Tuesday, September 8th. The Goldman Sachs Group reissued a “buy” rating and set a $480.00 target price (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. Morgan Stanley raised their price target 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. Wall Street Zen downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Arete Research upped their price objective on shares of Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $460.09.

About Analog Devices

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.