Mirae Asset Global Investments Co. Ltd. Purchases 31,492 Shares of Analog Devices, Inc. $ADI

Mirae Asset Global Investments Co. Ltd. raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 7.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 448,602 shares of the semiconductor company’s stock after buying an additional 31,492 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Analog Devices were worth $106,776,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ADI. Brighton Jones LLC increased its holdings in Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after buying an additional 529 shares during the period. Two Sigma Investments LP bought a new stake in shares of Analog Devices during the 4th quarter valued at approximately $906,000. Merit Financial Group LLC grew its holdings in shares of Analog Devices by 61.5% during the 1st quarter. Merit Financial Group LLC now owns 9,331 shares of the semiconductor company’s stock valued at $1,882,000 after purchasing an additional 3,555 shares during the last quarter. Fulton Bank N.A. grew its holdings in shares of Analog Devices by 4.9% during the 1st quarter. Fulton Bank N.A. now owns 2,094 shares of the semiconductor company’s stock valued at $422,000 after purchasing an additional 98 shares during the last quarter. Finally, RFG Advisory LLC grew its holdings in shares of Analog Devices by 3.8% during the 1st quarter. RFG Advisory LLC now owns 2,151 shares of the semiconductor company’s stock valued at $434,000 after purchasing an additional 79 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADI. Evercore ISI lifted their price target on shares of Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Keefe, Bruyette & Woods raised shares of Analog Devices to an “outperform” rating in a report on Wednesday, June 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Thursday, August 21st. Truist Financial lifted their price target on shares of Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus lifted their target price on shares of Analog Devices from $248.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.29.

Insider Activity

In other news, CEO Vincent Roche sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total value of $5,085,800.00. Following the transaction, the chief executive officer owned 23,515 shares in the company, valued at approximately $5,979,629.35. The trade was a 45.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the transaction, the senior vice president owned 13,549 shares in the company, valued at $3,360,558.47. This trade represents a 15.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,240 shares of company stock worth $12,737,838 over the last quarter. Company insiders own 0.33% of the company’s stock.

Analog Devices Stock Up 1.0%

NASDAQ:ADI opened at $241.67 on Friday. The firm’s 50 day simple moving average is $240.61 and its 200 day simple moving average is $222.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The company has a market cap of $118.89 billion, a PE ratio of 61.65, a P/E/G ratio of 2.02 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. Analog Devices’s payout ratio is 101.02%.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.