Analog Devices, Inc. $ADI Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 3.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,800 shares of the semiconductor company’s stock after buying 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 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Retirement Planning Group LLC lifted its holdings in shares of Analog Devices by 134.1% in the 3rd quarter. Retirement Planning Group LLC now owns 1,442 shares of the semiconductor company’s stock worth $572,000 after purchasing an additional 826 shares in the last quarter. Sterling Investment Counsel LLC grew its position in Analog Devices by 2.1% in the 3rd quarter. Sterling Investment Counsel LLC now owns 5,297 shares of the semiconductor company’s stock valued at $2,101,000 after purchasing an additional 110 shares during the period. Jackson Square Capital LLC acquired a new stake in Analog Devices in the 3rd quarter valued at $3,002,000. Foguth Wealth Management LLC. bought a new stake in Analog Devices during the 3rd quarter valued at $202,000. Finally, First Bank & Trust increased its stake in Analog Devices by 8.1% during the 3rd quarter. First Bank & Trust now owns 2,097 shares of the semiconductor company’s stock valued at $832,000 after purchasing an additional 158 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In related news, insider Vivek Jain sold 3,305 shares of the firm’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the transaction, the insider directly owned 40,428 shares of the company’s stock, valued at $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Katsufumi Nakamura sold 1,200 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $415.02, for a total transaction of $498,024.00. Following the transaction, the insider owned 14,849 shares in the company, valued at approximately $6,162,631.98. This trade represents a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 50,936 shares of company stock worth $19,430,764. 0.36% of the stock is owned by insiders.

Analog Devices Stock Down 0.3%

Shares of NASDAQ:ADI opened at $394.35 on Tuesday. The stock has a market cap of $191.09 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 1.22 and a beta of 1.22. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. 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 $382.96 and its 200 day moving average is $387.64.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion during 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%. Analog Devices’s revenue was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts forecast that Analog Devices, Inc. will post 12.99 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed 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 yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s payout ratio is currently 52.19%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ADI. Piper Sandler set a $460.00 price objective on shares of Analog Devices in a report on Tuesday, September 8th. TD Cowen reiterated a “buy” rating and set a $460.00 price objective (up from $450.00) on shares of Analog Devices in a report on Tuesday, September 8th. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $430.00 to $465.00 in a report on Wednesday, August 19th. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price on the stock in a report on Thursday, August 20th. Finally, Morgan Stanley upped their target price 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. One 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’s stock. According to MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and an average price target of $460.09.

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.