Analog Devices, Inc. $ADI Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its stake in Analog Devices, Inc. (NASDAQ:ADI) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 241,059 shares of the semiconductor company’s stock after selling 12,431 shares during the period. Handelsbanken Fonder AB’s holdings in Analog Devices were worth $95,741,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADI. Orrstown Financial Services Inc. acquired a new stake in Analog Devices during the 2nd quarter worth approximately $325,000. BFI Infinity Ltd. increased its holdings in shares of Analog Devices by 3.7% in the second quarter. BFI Infinity Ltd. now owns 11,678 shares of the semiconductor company’s stock valued at $4,638,000 after purchasing an additional 417 shares during the period. Fulcrum Equity Management acquired a new position in shares of Analog Devices in the second quarter valued at approximately $207,000. Community Financial Services Group LLC raised its stake in shares of Analog Devices by 98.2% during the second quarter. Community Financial Services Group LLC now owns 22,059 shares of the semiconductor company’s stock worth $8,581,000 after purchasing an additional 10,932 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its stake in shares of Analog Devices by 74.8% during the second quarter. Financial Management Professionals Inc. now owns 1,437 shares of the semiconductor company’s stock worth $571,000 after purchasing an additional 615 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Wells Fargo & Company upped their price objective on shares of Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. raised their target price on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $430.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Finally, Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and an average target price of $441.00.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction 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 sale, the director owned 11,019 shares of the company’s stock, valued at approximately $4,295,536.77. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the completion of the transaction, the chief executive officer owned 137,538 shares of the company’s stock, valued at approximately $57,096,149.94. This represents a 17.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 105,274 shares of company stock valued at $42,247,986. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI opened at $383.92 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 52-week low of $223.44 and a 52-week high of $445.91. The company has a 50-day simple moving average of $394.22 and a 200-day simple moving average of $367.04. The company has a market capitalization of $187.00 billion, a PE ratio of 57.05, a P/E/G ratio of 1.01 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts predict that Analog Devices, Inc. will post 12.42 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.

Analog Devices Company 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.