QRG Capital Management Inc. Cuts Stock Holdings in Analog Devices, Inc. $ADI

QRG Capital Management Inc. reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 6.6% during the 2nd quarter, Holdings Channel reports. The fund owned 93,641 shares of the semiconductor company’s stock after selling 6,664 shares during the quarter. QRG Capital Management Inc.’s holdings in Analog Devices were worth $22,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADI. Vanguard Group Inc. boosted its stake in shares of Analog Devices by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company’s stock valued at $9,975,681,000 after buying an additional 359,841 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Analog Devices by 26.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock valued at $2,304,098,000 after acquiring an additional 2,407,460 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Analog Devices by 0.3% in the first quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company’s stock worth $793,616,000 after acquiring an additional 12,666 shares during the last quarter. Amundi grew its holdings in Analog Devices by 29.2% during the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock worth $785,071,000 after acquiring an additional 880,636 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Analog Devices by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,397,181 shares of the semiconductor company’s stock valued at $685,109,000 after purchasing an additional 63,566 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the transaction, the senior vice president directly owned 63,048 shares of the company’s stock, valued at approximately $15,525,570. This trade represents a 16.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total transaction of $771,625.00. Following the completion of the transaction, the director owned 155,071 shares in the company, valued at approximately $38,290,131.32. This represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,240 shares of company stock worth $12,737,838 in the last quarter. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ADI has been the subject of several recent analyst reports. Zacks Research raised shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Keefe, Bruyette & Woods upgraded Analog Devices to an “outperform” rating in a research note on Wednesday, June 18th. Seaport Res Ptn raised Analog Devices from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Noble Financial upgraded Analog Devices to an “outperform” rating in a report on Wednesday, June 18th. Finally, Morgan Stanley raised their target price on Analog Devices from $273.00 to $288.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average target price of $275.29.

Analog Devices Stock Up 0.1%

ADI opened at $241.99 on Friday. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The stock has a market capitalization of $119.05 billion, a P/E ratio of 61.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. The business’s 50-day simple moving average is $240.89 and its 200-day simple moving average is $223.30.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.10. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s payout ratio is presently 101.02%.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.