Invesco Ltd. Has $1.72 Billion Position in Analog Devices, Inc. $ADI

Invesco Ltd. lessened its stake in Analog Devices, Inc. (NASDAQ:ADI) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,358,564 shares of the semiconductor company’s stock after selling 372,184 shares during the period. Invesco Ltd.’s holdings in Analog Devices were worth $1,724,443,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Analog Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company’s stock valued at $13,802,256,000 after acquiring an additional 503,970 shares during the last quarter. State Street Corp raised its holdings in Analog Devices by 0.4% during the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock worth $6,369,833,000 after purchasing an additional 88,538 shares during the last quarter. Morgan Stanley lifted its position in shares of Analog Devices by 1.9% in the 4th quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock worth $2,834,210,000 after purchasing an additional 194,535 shares during the period. Bank of America Corp DE lifted its position in shares of Analog Devices by 42.8% in the 4th quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock worth $2,634,734,000 after purchasing an additional 2,912,666 shares during the period. Finally, Norges Bank bought a new stake in shares of Analog Devices in the 4th quarter valued at $2,215,516,000. 86.81% of the stock is currently owned by institutional investors.

Insider Transactions at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the transaction, the senior vice president owned 56,332 shares in the company, valued at approximately $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $398.11, for a total value of $563,723.76. Following the completion of the sale, the director directly owned 118,759 shares of the company’s stock, valued at $47,279,145.49. This trade represents a 1.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 101,442 shares of company stock valued at $40,422,954. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Stock Up 4.8%

Analog Devices stock opened at $434.46 on Friday. 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 12-month low of $218.37 and a 12-month high of $439.70. The firm’s fifty day moving average is $399.78 and its 200 day moving average is $340.00. The company has a market capitalization of $211.62 billion, a PE ratio of 64.56, a PEG ratio of 1.16 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 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the company posted $1.85 earnings per share. The business’s quarterly revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, sell-side analysts predict that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. Analog Devices’s dividend payout ratio (DPR) is currently 65.38%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ADI. Truist Financial increased their price objective on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Evercore reaffirmed an “outperform” rating and set a $474.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating and set a $373.00 price target on shares of Analog Devices in a report on Thursday, February 19th. Stifel Nicolaus boosted their price objective on Analog Devices from $405.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Weiss Ratings upgraded Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $432.71.

About Analog Devices

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.