Public Employees Retirement System of Ohio Buys 7,442 Shares of Analog Devices, Inc. $ADI

Public Employees Retirement System of Ohio lifted its position in Analog Devices, Inc. (NASDAQ:ADI) by 3.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 210,854 shares of the semiconductor company’s stock after purchasing an additional 7,442 shares during the period. Public Employees Retirement System of Ohio’s holdings in Analog Devices were worth $67,081,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. ING Groep NV grew its holdings in shares of Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after acquiring an additional 69,202 shares during the period. Covenant Asset Management LLC purchased a new position in shares of Analog Devices in the 4th quarter valued at approximately $2,500,000. HF Advisory Group LLC lifted its stake in shares of Analog Devices by 661.6% in the 4th quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock valued at $13,477,000 after purchasing an additional 43,168 shares during the period. Jones Kertz & Associates Inc. purchased a new stake in Analog Devices in the fourth quarter worth $1,480,000. Finally, MGO One Seven LLC grew its stake in Analog Devices by 17.7% in the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company’s stock worth $12,352,000 after purchasing an additional 6,846 shares during the period. Institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Down 1.7%

NASDAQ ADI opened at $380.20 on Friday. Analog Devices, Inc. has a 12 month low of $218.37 and a 12 month high of $445.91. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average price is $402.84 and its 200-day moving average price is $360.57. The stock has a market cap of $185.19 billion, a P/E ratio of 56.49, a P/E/G ratio of 1.00 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the firm earned $1.85 EPS. Analog Devices’s quarterly revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, equities analysts forecast that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is currently 65.38%.

Insider Activity

In related news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $389.83, for a total value of $389,830.00. Following the transaction, the director directly owned 11,019 shares of the company’s stock, valued at approximately $4,295,536.77. This represents a 8.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $389.75, for a total value of $3,897,500.00. Following the sale, the chief executive officer owned 137,538 shares in the company, valued at approximately $53,605,435.50. This represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 103,858 shares of company stock worth $42,062,730. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ADI. JPMorgan Chase & Co. raised their price objective on Analog Devices from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Bank of America increased their price target on shares of Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. TD Cowen lifted their price target on shares of Analog Devices from $450.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Raymond James Financial reissued an “outperform” rating and set a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Needham & Company LLC raised their target price on shares of Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $441.00.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.