South Dakota Investment Council Sells 1,500 Shares of Analog Devices, Inc. $ADI

South Dakota Investment Council trimmed its position in Analog Devices, Inc. (NASDAQ:ADI) by 11.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,959 shares of the semiconductor company’s stock after selling 1,500 shares during the quarter. South Dakota Investment Council’s holdings in Analog Devices were worth $2,938,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new stake in shares of Analog Devices in the 2nd quarter valued at $25,000. Clayton Financial Group LLC bought a new stake in shares of Analog Devices during the 3rd quarter worth $31,000. Y.D. More Investments Ltd acquired a new stake in Analog Devices in the third quarter valued at about $32,000. LFA Lugano Financial Advisors SA grew its position in Analog Devices by 92.9% in the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. Finally, Valley Wealth Managers Inc. acquired a new position in Analog Devices during the third quarter worth about $38,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Katsufumi Nakamura sold 500 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $301.46, for a total transaction of $150,730.00. Following the transaction, the senior vice president owned 12,710 shares in the company, valued at approximately $3,831,556.60. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $317.30, for a total transaction of $991,562.50. Following the transaction, the director directly owned 123,821 shares in the company, valued at $39,288,403.30. This trade represents a 2.46% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 57,743 shares of company stock valued at $16,836,340. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Stock Performance

ADI stock opened at $341.51 on Thursday. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $363.20. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $314.52 and a 200-day moving average price of $271.86. The firm has a market cap of $166.73 billion, a PE ratio of 62.43, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.15. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be paid a dividend of $1.10 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 3rd. Analog Devices’s payout ratio is currently 80.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald raised their price target on shares of Analog Devices from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group upped their price target on shares of Analog Devices from $300.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Truist Financial increased their price target on Analog Devices from $291.00 to $364.00 and gave the company a “hold” rating in a research note on Thursday, February 19th. Bank of America boosted their price objective on Analog Devices from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $410.00 target price on shares of Analog Devices in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $366.96.

About Analog Devices

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.