Analog Devices, Inc. $ADI Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,071,581 shares of the semiconductor company’s stock after selling 64,742 shares during the period. Pictet Asset Management Holding SA owned approximately 0.22% of Analog Devices worth $425,107,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new position in Analog Devices during the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC acquired a new position in Analog Devices during the 2nd quarter worth about $25,000. Nvwm LLC grew its holdings in Analog Devices by 590.0% during the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Dunhill Financial LLC bought a new stake in Analog Devices during the 2nd quarter worth about $32,000. Finally, Cornerstone Financial Management LLC increased its position in Analog Devices by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 28 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Trading Up 0.7%

Analog Devices stock opened at $363.56 on Friday. The firm has a 50-day moving average of $390.52 and a 200-day moving average of $373.48. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The company has a market cap of $176.17 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 0.88 and a beta of 1.24.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results 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. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the company earned $2.05 earnings per share. The business’s revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total value of $3,969,400.00. Following the completion of the sale, the chief executive officer directly owned 115,460 shares in the company, valued at approximately $45,830,692.40. The trade was a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 firm’s stock in a transaction dated Thursday, October 8th. The shares were 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 directly owned 40,428 shares in the company, valued at approximately $16,437,216.24. This 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 three months, insiders sold 52,436 shares of company stock worth $20,681,906. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ADI has been the subject of several research analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $510.00 price objective (up from $400.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Morgan Stanley increased their price target on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Needham & Company LLC raised their price objective on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note 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 target on the stock. Finally, Wall Street Zen downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday. One 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $460.55.

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.