160,870 Shares in Analog Devices, Inc. $ADI Acquired by Nykredit A S

by · The Markets Daily

Nykredit A S bought a new position in Analog Devices, Inc. (NASDAQ:ADIFree Report) in the second quarter, HoldingsChannel.com reports. The fund bought 160,870 shares of the semiconductor company’s stock, valued at approximately $63,893,000.

A number of other hedge funds have also added to or reduced their stakes in ADI. Parkside Financial Bank & Trust lifted its holdings in Analog Devices by 1.5% in the second quarter. Parkside Financial Bank & Trust now owns 2,577 shares of the semiconductor company’s stock valued at $1,024,000 after acquiring an additional 38 shares during the period. Range Advisory LLC grew its stake in shares of Analog Devices by 26.7% during the 2nd quarter. Range Advisory LLC now owns 1,435 shares of the semiconductor company’s stock valued at $570,000 after purchasing an additional 302 shares during the period. Cornerstone Financial Management LLC increased its position in shares of Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 28 shares during the last quarter. Corient Private Wealth LP increased its position in shares of Analog Devices by 34.0% during the 2nd quarter. Corient Private Wealth LP now owns 444,500 shares of the semiconductor company’s stock valued at $176,542,000 after purchasing an additional 112,715 shares during the last quarter. Finally, Tucker Asset Management LLC lifted its stake in shares of Analog Devices by 8.8% in the 2nd quarter. Tucker Asset Management LLC now owns 1,067 shares of the semiconductor company’s stock worth $424,000 after purchasing an additional 86 shares during the period. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Trading Up 3.6%

Shares of Analog Devices stock opened at $375.72 on Friday. The firm has a market cap of $182.06 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 1.12 and a beta of 1.20. The business has a 50-day moving average price of $372.74 and a 200-day moving average price of $374.95. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91.

Analog Devices (NASDAQ:ADIGet Free Report) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the business earned $2.05 earnings per share. The firm’s revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts anticipate that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio is 52.19%.

Insider Transactions at Analog Devices

In related news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total transaction of $374,500.00. Following the sale, the director owned 10,019 shares of the company’s stock, valued at $3,752,115.50. This represents a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the stock in a transaction on Wednesday, August 26th. The shares were 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 $20,292,537.12. This trade represents a 4.72% 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 a total of 40,431 shares of company stock valued at $14,987,547 over the last quarter. 0.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on shares of Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target on the stock in a research report on Thursday, August 20th. Argus set a $460.00 price target on shares of Analog Devices in a research note on Tuesday, May 26th. Morgan Stanley boosted their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Finally, BMO Capital Markets started coverage on Analog Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $457.97.

Get Our Latest Stock Report on ADI

Analog Devices Company Profile

(Free Report)

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.

See Also

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