Mirae Asset Global Investments Co. Ltd. Acquires 750,178 Shares of Analog Devices, Inc. $ADI

Mirae Asset Global Investments Co. Ltd. bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 750,178 shares of the semiconductor company’s stock, valued at approximately $297,603,000. Mirae Asset Global Investments Co. Ltd. owned 0.15% of Analog Devices at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADI. ProShare Advisors LLC lifted its position in Analog Devices by 4.6% during the 3rd 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 during the period. Vise Technologies Inc. purchased a new stake in Analog Devices during the 3rd quarter valued at about $12,040,000. Investment Partners LTD. increased its holdings 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 valued at $813,000 after purchasing an additional 628 shares during the period. Cidel Asset Management Inc. increased its holdings 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 purchasing an additional 151 shares during the period. Finally, Summit Global Investments raised its stake in shares of Analog Devices by 2.0% in the third quarter. Summit Global Investments now owns 4,173 shares of the semiconductor company’s stock worth $1,655,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the business’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 transaction, the chief financial officer owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the company’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the sale, the insider owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,436 shares of company stock valued at $20,014,954 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $510.00 target price (up from $400.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Weiss Ratings upgraded shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, October 25th. Robert W. Baird upped their price objective on shares of Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a report on Monday, August 24th. Finally, Needham & Company LLC increased their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. One investment 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $460.55.

Analog Devices Price Performance

Analog Devices stock opened at $417.11 on Friday. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The company’s fifty day moving average price is $388.54 and its 200 day moving average price is $371.13. The stock 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 (NASDAQ:ADI) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The firm’s quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is 52.19%.

Analog Devices Company 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.