Analog Devices, Inc. $ADI Shares Sold by Profund Advisors LLC

Profund Advisors LLC lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 9.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,821 shares of the semiconductor company’s stock after selling 6,622 shares during the quarter. Analog Devices comprises 0.7% of Profund Advisors LLC’s portfolio, making the stock its 25th largest position. Profund Advisors LLC’s holdings in Analog Devices were worth $24,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in shares of Analog Devices in the 2nd quarter worth about $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Analog Devices during the second quarter valued at approximately $25,000. Nvwm LLC raised its holdings in Analog Devices by 590.0% in the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Dunhill Financial LLC bought a new position in Analog Devices in the 2nd quarter valued at approximately $32,000. Finally, Cornerstone Financial Management LLC boosted its position in shares of Analog Devices by 54.9% during the second 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. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ADI. Cantor Fitzgerald restated an “overweight” rating and issued a $510.00 price target (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. Weiss Ratings upgraded Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Robert W. Baird lifted their target price on Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. KeyCorp boosted their price target on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Finally, BMO Capital Markets started coverage on Analog Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.55.

Analog Devices Price Performance

NASDAQ:ADI opened at $417.11 on Friday. 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 company has a market capitalization of $202.12 billion, a P/E ratio of 49.48, a P/E/G ratio of 1.28 and a beta of 1.22. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The business’s 50-day moving average is $388.54 and its 200 day moving average is $371.13.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data 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 business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company’s revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts forecast that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

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

Insider Buying and Selling at Analog Devices

In other news, insider Vivek Jain sold 3,305 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the sale, the insider directly owned 40,428 shares in the company, valued at $16,437,216.24. The trade was a 7.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the 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 completion of the transaction, the chief executive officer directly owned 115,460 shares of the company’s stock, valued at approximately $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. Insiders sold 52,436 shares of company stock worth $20,014,954 over the last 90 days. 0.36% of the stock is owned by insiders.

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.