Rakuten Investment Management Inc. Makes New $66.42 Million Investment in Analog Devices, Inc. $ADI

Rakuten Investment Management Inc. acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 166,782 shares of the semiconductor company’s stock, valued at approximately $66,416,000.

Other hedge funds have also recently modified their holdings of the company. Provenance Wealth Advisors LLC grew its holdings in Analog Devices by 995.8% in the third quarter. Provenance Wealth Advisors LLC now owns 789 shares of the semiconductor company’s stock worth $313,000 after purchasing an additional 717 shares during the period. Lyell Wealth Management LP increased its stake in shares of Analog Devices by 14.7% during the third quarter. Lyell Wealth Management LP now owns 600 shares of the semiconductor company’s stock valued at $238,000 after purchasing an additional 77 shares in the last quarter. Associated Banc Corp bought a new position in shares of Analog Devices during the third quarter valued at approximately $8,734,000. Integrity Alliance LLC. purchased a new position in shares of Analog Devices during the third quarter valued at approximately $205,000. Finally, Tucker Asset Management LLC lifted its holdings in shares of Analog Devices by 6.5% during the third quarter. Tucker Asset Management LLC now owns 1,136 shares of the semiconductor company’s stock valued at $451,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 1.7%

NASDAQ:ADI opened at $419.79 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The firm has a market cap of $203.42 billion, a P/E ratio of 49.80, a P/E/G ratio of 1.00 and a beta of 1.24. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The firm has a 50-day simple moving average of $390.31 and a two-hundred day simple moving average of $372.32.

Analog Devices (NASDAQ:ADI) last issued its 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. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The business’s revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts predict that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.0%. Analog Devices’s dividend payout ratio is 52.19%.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of analyst reports. Evercore dropped their price target on Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $510.00 price objective (up from $400.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Robert W. Baird lifted their price objective on Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. JPMorgan Chase & Co. lifted their price objective on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $460.55.

Insider Buying and Selling at Analog Devices

In other news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the business’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $389.46, for a total value of $584,190.00. Following the completion of the transaction, the chief financial officer owned 48,177 shares in the company, valued at $18,763,014.42. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the company’s stock in a transaction on 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 transaction, the insider directly owned 40,428 shares in the company, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 51,020 shares of company stock worth $20,105,198. Insiders own 0.36% of the company’s stock.

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.