Analog Devices, Inc. $ADI Stake Cut by Profund Advisors LLC

Profund Advisors LLC cut its stake in Analog Devices, Inc. (NASDAQ:ADI) by 9.8% during the third quarter, HoldingsChannel reports. The fund owned 60,821 shares of the semiconductor company’s stock after selling 6,622 shares during the quarter. Analog Devices comprises about 0.7% of Profund Advisors LLC’s holdings, making the stock its 25th largest position. Profund Advisors LLC’s holdings in Analog Devices were worth $24,128,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. ProShare Advisors LLC raised its holdings in shares of Analog Devices by 4.6% in the third quarter. ProShare Advisors LLC now owns 632,311 shares of the semiconductor company’s stock worth $250,844,000 after buying an additional 27,922 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Analog Devices during the 3rd quarter valued at approximately $12,040,000. Investment Partners LTD. increased its stake in shares of Analog Devices by 44.2% in the third quarter. Investment Partners LTD. now owns 2,049 shares of the semiconductor company’s stock worth $813,000 after acquiring an additional 628 shares during the period. Cidel Asset Management Inc. raised its holdings in shares of Analog Devices by 2.1% during the third quarter. Cidel Asset Management Inc. now owns 7,482 shares of the semiconductor company’s stock worth $2,968,000 after purchasing an additional 151 shares during the last quarter. Finally, Summit Global Investments lifted its position in Analog Devices by 2.0% during the third quarter. Summit Global Investments now owns 4,173 shares of the semiconductor company’s stock valued at $1,655,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

ADI has been the topic of a number of recent analyst reports. Evercore lowered their price target on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. The Goldman Sachs Group restated a “buy” rating and set a $480.00 target price (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. KeyCorp raised their price objective on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. TD Cowen raised their price target on shares of Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research note on Monday, October 19th. Finally, Morgan Stanley lifted their price objective on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and an average target price of $460.55.

Insider Activity at Analog Devices

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm’s 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 completion of the sale, the chief financial officer owned 54,177 shares of the company’s stock, valued at $20,292,537.12. This trade represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 115,460 shares in the company, valued at approximately $45,830,692.40. This trade represents a 7.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 52,436 shares of company stock worth $20,014,954. Insiders own 0.36% of the company’s stock.

Analog Devices Stock Down 3.7%

Shares of NASDAQ ADI opened at $417.11 on Friday. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The stock has a market cap of $202.12 billion, a PE ratio of 49.48, a P/E/G 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 company has a 50-day moving average of $388.54 and a 200 day moving average of $371.13.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping 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 company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. The firm’s revenue for the quarter 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. As a group, sell-side analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s payout ratio is presently 52.19%.

Analog Devices Profile

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.