Analog Devices, Inc. $ADI Position Lowered by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 3.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,091 shares of the semiconductor company’s stock after selling 1,691 shares during the quarter. State of Alaska Department of Revenue’s holdings in Analog Devices were worth $21,854,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Turtle Creek Wealth Advisors LLC increased its position in shares of Analog Devices by 15.8% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 3,128 shares of the semiconductor company’s stock valued at $1,241,000 after acquiring an additional 426 shares in the last quarter. Nvwm LLC increased its holdings in Analog Devices by 590.0% in the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Howard Financial Services LTD. raised its position in Analog Devices by 12.4% in the 3rd quarter. Howard Financial Services LTD. now owns 673 shares of the semiconductor company’s stock worth $267,000 after buying an additional 74 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Analog Devices by 3.4% during the third quarter. Mather Group LLC. now owns 1,750 shares of the semiconductor company’s stock valued at $694,000 after purchasing an additional 58 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in Analog Devices by 30.5% in the third quarter. Fortitude Family Office LLC now owns 761 shares of the semiconductor company’s stock worth $302,000 after purchasing an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In related news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm’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 completion of the transaction, the chief financial officer directly owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the business’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the sale, the insider owned 40,428 shares in the company, valued at $16,437,216.24. This represents a 7.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 50,936 shares of company stock valued at $19,430,764 over the last 90 days. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

Analog Devices stock traded down $2.96 during trading on Thursday, reaching $400.61. The company had a trading volume of 1,977,454 shares, compared to its average volume of 4,019,833. The firm has a market capitalization of $194.12 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 1.28 and a beta of 1.22. 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 firm’s 50-day simple moving average is $382.11 and its 200 day simple moving average is $385.78. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 16.39% and a net margin of 29.79%. Analog Devices’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued 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 1.1%. Analog Devices’s dividend payout ratio is currently 52.19%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ADI. Fundamental Research set a $550.00 target price on Analog Devices in a research report on Monday, June 29th. Evercore cut their price target on Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a research report on Thursday, August 20th. BMO Capital Markets started coverage on shares of Analog Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price objective on the stock. Finally, Needham & Company LLC increased their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $460.09.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.