Analog Devices, Inc. $ADI Stake Cut by iA Global Asset Management Inc.

iA Global Asset Management Inc. cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 31.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,596 shares of the semiconductor company’s stock after selling 27,006 shares during the quarter. iA Global Asset Management Inc.’s holdings in Analog Devices were worth $18,642,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Analog Devices during the fourth quarter worth approximately $2,215,516,000. Bank of America Corp DE grew its position in Analog Devices by 42.8% during the fourth quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock valued at $2,634,734,000 after purchasing an additional 2,912,666 shares in the last quarter. Amundi increased its stake in Analog Devices by 44.8% in the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after buying an additional 1,922,302 shares during the period. Raymond James Financial Inc. increased its stake in Analog Devices by 29.2% in the 3rd quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock valued at $1,186,714,000 after buying an additional 1,091,004 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Analog Devices by 3,456.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,059,726 shares of the semiconductor company’s stock worth $287,398,000 after buying an additional 1,029,927 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total value of $12,453,900.00. Following the completion of the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at $57,096,149.94. The trade was a 17.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ray Stata sold 1,432 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the sale, the director owned 120,175 shares of the company’s stock, valued at approximately $48,169,745.25. This trade represents a 1.18% 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 have sold 91,442 shares of company stock valued at $37,241,554 in the last three months. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Stock Performance

ADI stock opened at $397.17 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $193.46 billion, a price-to-earnings ratio of 59.01, a P/E/G ratio of 1.10 and a beta of 1.18. Analog Devices, Inc. has a 12 month low of $218.37 and a 12 month high of $445.91. The firm has a 50 day moving average of $409.28 and a two-hundred day moving average of $347.62.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS 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 quarter in the prior year, the business posted $1.85 EPS. Analog Devices’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, equities analysts anticipate that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a dividend of $1.10 per share. 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 is presently 65.38%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. KeyCorp lifted their target price on shares of Analog Devices from $430.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Argus set a $460.00 price target on shares of Analog Devices in a research note on Tuesday, May 26th. Weiss Ratings cut Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Wells Fargo & Company lifted their price objective on Analog Devices from $470.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, Fundamental Research set a $550.00 target price on Analog Devices in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $439.79.

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.