Analog Devices, Inc. $ADI Stock Bought by Danske Bank A S

Danske Bank A S grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 368,498 shares of the semiconductor company’s stock after buying an additional 31,529 shares during the quarter. Danske Bank A S’s holdings in Analog Devices were worth $146,187,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Analog Devices in the second quarter valued at about $18,610,868,000. Bank of America Corp DE acquired a new position in shares of Analog Devices during the second quarter worth about $3,573,081,000. Legal & General Group Plc purchased a new position in Analog Devices during the second quarter worth about $1,525,167,000. Bank of New York Mellon Corp purchased a new position in Analog Devices during the second quarter worth about $1,326,066,000. Finally, Primecap Management Co. CA acquired a new stake in Analog Devices in the second quarter valued at about $1,242,479,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Down 2.8%

Shares of NASDAQ ADI traded down $11.32 during midday trading on Friday, reaching $397.97. 3,114,598 shares of the stock were exchanged, compared to its average volume of 4,960,515. The company has a market capitalization of $192.84 billion, a P/E ratio of 47.21, a P/E/G ratio of 0.99 and a beta of 1.24. Analog Devices, Inc. has a 52-week low of $224.25 and a 52-week high of $445.91. 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 has a 50 day moving average price of $394.80 and a 200-day moving average price of $375.87.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company’s revenue was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts expect that Analog Devices, Inc. will post 12.88 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ADI shares. Morgan Stanley lifted their price objective on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. The Goldman Sachs Group reissued 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. Roth Capital started coverage on Analog Devices in a report on Friday. They issued a “buy” rating and a $505.00 price target for the company. JPMorgan Chase & Co. raised their price target on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Finally, Arete Research lifted their price target on Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Thirty research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $461.85.

Key Headlines Impacting Analog Devices

Investors following ADI have been watching these headlines:

• Positive Sentiment: Roth Capital initiated coverage with a Buy rating and a $505 price target, citing Analog Devices’ growing content in AI infrastructure. Roth Capital Buy rating article
• Neutral Sentiment: An article reported fresh ETF buying in ADI, which may provide some demand support, while also raising the question of whether the stock is already expensive. ETF buying and valuation article
• Negative Sentiment: The decline appears tied mainly to broader chip-sector weakness and caution ahead of earnings, rather than a newly disclosed deterioration in ADI’s business. The stock’s valuation and reported insider selling may also be considerations for investors. Sector pressure and earnings article

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the transaction, the chief financial officer owned 54,177 shares of the company’s stock, valued at $20,292,537.12. This represents a 4.72% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 stock in a transaction on Thursday, October 8th. The stock was 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. This represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 52,436 shares of company stock worth $20,681,906. Insiders own 0.36% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.