Analog Devices, Inc. $ADI Shares Acquired by Candriam S.C.A.

Candriam S.C.A. grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 29.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 384,899 shares of the semiconductor company’s stock after acquiring an additional 88,442 shares during the quarter. Analog Devices accounts for approximately 0.7% of Candriam S.C.A.’s portfolio, making the stock its 28th largest holding. Candriam S.C.A. owned about 0.08% of Analog Devices worth $153,251,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ADI. StoneX Group Inc. grew its stake in Analog Devices by 1.4% in the 3rd quarter. StoneX Group Inc. now owns 11,829 shares of the semiconductor company’s stock valued at $4,684,000 after purchasing an additional 169 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in shares of Analog Devices by 18.1% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 5,786 shares of the semiconductor company’s stock worth $2,295,000 after purchasing an additional 888 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Analog Devices by 1.2% in the 3rd quarter. Parallel Advisors LLC now owns 16,353 shares of the semiconductor company’s stock worth $6,487,000 after buying an additional 197 shares during the last quarter. Plancorp LLC boosted its holdings in shares of Analog Devices by 22.5% in the 3rd quarter. Plancorp LLC now owns 916 shares of the semiconductor company’s stock worth $382,000 after buying an additional 168 shares during the last quarter. Finally, May Hill Capital LLC boosted its holdings in shares of Analog Devices by 20.4% in the 3rd quarter. May Hill Capital LLC now owns 767 shares of the semiconductor company’s stock worth $304,000 after buying an additional 130 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ADI shares. 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 target price on the stock. Weiss Ratings upgraded shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Morgan Stanley lifted their price target 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. Wells Fargo & Company dropped their price objective on Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a research note on Thursday, August 20th. Finally, Robert W. Baird upped 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $460.55.

Insider Activity

In other news, 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 completion of the transaction, the insider owned 14,849 shares of the company’s stock, valued at approximately $6,162,631.98. The trade was a 7.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vivek Jain sold 3,305 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 40,428 shares in the company, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 52,436 shares of company stock worth $20,681,906. Company insiders own 0.36% of the company’s stock.

Analog Devices Trading Up 0.7%

Shares of ADI stock opened at $363.56 on Friday. The company has a market capitalization of $176.17 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 0.88 and a beta of 1.24. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The business’s fifty day moving average is $390.52 and its 200 day moving average is $373.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 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 analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm’s revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts anticipate that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared 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 1.2%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is 52.19%.

About Analog Devices

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.