Analog Devices, Inc. $ADI Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,716,544 shares of the semiconductor company’s stock after selling 27,828 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.35% of Analog Devices worth $680,970,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ADI. Mirae Asset Global Investments Co. Ltd. purchased a new position in Analog Devices in the 3rd quarter valued at approximately $297,603,000. ProShare Advisors LLC grew its stake 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 acquiring an additional 27,922 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of Analog Devices during the third quarter worth $12,040,000. Investment Partners LTD. increased its position in shares of Analog Devices by 44.2% during 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. Finally, Cidel Asset Management Inc. raised its stake in shares of Analog Devices by 2.1% in the third quarter. Cidel Asset Management Inc. now owns 7,482 shares of the semiconductor company’s stock valued at $2,968,000 after acquiring an additional 151 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ADI. KeyCorp boosted their target price on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Arete Research lifted their price target on shares of Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a report on Thursday, August 20th. Evercore decreased their price objective on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Finally, Wells Fargo & Company lowered their target price on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, August 20th. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $460.55.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $417.11 on Friday. The firm has a market capitalization of $202.12 billion, a P/E ratio of 49.48, a P/E/G ratio of 1.28 and a beta of 1.22. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $388.54 and its two-hundred day moving average is $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. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter last year, the company earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts forecast that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

Insider Transactions at Analog Devices

In other Analog Devices news, CFO Richard Puccio, Jr. sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $389.46, for a total value of $584,190.00. Following the completion of the transaction, the chief financial officer owned 48,177 shares in the company, valued at $18,763,014.42. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $396.94, for a total value of $3,969,400.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,436 shares of company stock valued at $20,014,954 over the last quarter. 0.36% of the stock is owned by corporate insiders.

About Analog Devices

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.