Analog Devices, Inc. $ADI Stock: Nisa Investment Advisors LLC Reduces Stake

Nisa Investment Advisors LLC lessened its position in Analog Devices, Inc. (NASDAQ:ADI) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 187,393 shares of the semiconductor company’s stock after selling 4,014 shares during the period. Nisa Investment Advisors LLC’s holdings in Analog Devices were worth $74,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Advisors Network LLC grew its position in shares of Analog Devices by 18.6% in the third quarter. Integrated Advisors Network LLC now owns 8,930 shares of the semiconductor company’s stock valued at $3,543,000 after purchasing an additional 1,400 shares during the last quarter. Harfst & Associates Inc. increased its stake in shares of Analog Devices by 0.7% in the third quarter. Harfst & Associates Inc. now owns 5,646 shares of the semiconductor company’s stock worth $2,240,000 after purchasing an additional 40 shares during the period. Diversify Advisory Services LLC increased its stake in shares of Analog Devices by 32.6% in the third quarter. Diversify Advisory Services LLC now owns 8,660 shares of the semiconductor company’s stock worth $3,498,000 after purchasing an additional 2,131 shares during the period. 55 North Private Wealth LLC increased its stake in shares of Analog Devices by 2.8% in the third quarter. 55 North Private Wealth LLC now owns 1,018 shares of the semiconductor company’s stock worth $404,000 after purchasing an additional 28 shares during the period. Finally, Prime Capital Investment Advisors LLC lifted its position in shares of Analog Devices by 3.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,144 shares of the semiconductor company’s stock worth $3,231,000 after purchasing an additional 299 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was 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 of the company’s stock, valued at approximately $45,830,692.40. This represents a 7.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Puccio, Jr. sold 2,683 shares of the company’s 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 transaction, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. This trade represents a 4.72% 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. Over 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.

Analysts Set New Price Targets

Several brokerages recently weighed in on ADI. The Goldman Sachs Group restated a “buy” rating and set a $480.00 target price (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $510.00 target price (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. KeyCorp lifted their price target on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Seaport Research Partners upgraded Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a report on Thursday, August 20th. Finally, Evercore cut their price target on Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a report on Thursday, August 20th. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $460.55.

Analog Devices Stock Up 0.7%

NASDAQ ADI opened at $397.05 on Wednesday. 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’s 50 day moving average is $383.20 and its two-hundred day moving average is $388.18. The company has a market capitalization of $192.40 billion, a price-to-earnings ratio of 47.10, a PEG ratio of 1.21 and a beta of 1.22. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91.

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 the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period 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. Equities analysts forecast that Analog Devices, Inc. will post 12.99 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given 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%.

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.