Securian Asset Management Inc. Trims Stock Holdings in Analog Devices, Inc. $ADI

Securian Asset Management Inc. decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 1.7% in the second quarter, HoldingsChannel.com reports. The fund owned 25,867 shares of the semiconductor company’s stock after selling 435 shares during the period. Securian Asset Management Inc.’s holdings in Analog Devices were worth $6,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Journey Advisory Group LLC purchased a new position in Analog Devices in the 2nd quarter worth $234,000. Bogart Wealth LLC raised its stake in shares of Analog Devices by 2.4% during the 2nd quarter. Bogart Wealth LLC now owns 28,314 shares of the semiconductor company’s stock valued at $6,739,000 after buying an additional 654 shares during the last quarter. Arbor Investment Advisors LLC purchased a new position in shares of Analog Devices during the 2nd quarter valued at about $201,000. Sentry Investment Management LLC purchased a new position in shares of Analog Devices during the 2nd quarter valued at about $56,000. Finally, Liberty Square Wealth Partners LLC purchased a new position in shares of Analog Devices during the 2nd quarter valued at about $411,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of recent research reports. Cantor Fitzgerald lifted their price objective on Analog Devices from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 21st. Benchmark lifted their price objective on Analog Devices from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. UBS Group reduced their price objective on Analog Devices from $285.00 to $280.00 and set a “buy” rating for the company in a research note on Monday, July 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Analog Devices in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.29.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total transaction of $2,437,100.00. Following the transaction, the chief executive officer directly owned 140,118 shares in the company, valued at $34,148,157.78. The trade was a 6.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $242.74, for a total value of $242,740.00. Following the transaction, the director owned 5,118 shares in the company, valued at approximately $1,242,343.32. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,115 shares of company stock worth $12,232,985 in the last quarter. 0.33% of the stock is owned by insiders.

Analog Devices Trading Up 1.4%

ADI stock opened at $246.22 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13. The stock has a market cap of $121.13 billion, a price-to-earnings ratio of 62.81, a PEG ratio of 2.05 and a beta of 1.09. The business’s 50-day moving average is $243.74 and its 200 day moving average is $226.35.

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

Analog Devices Announces Dividend

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

Analog Devices Company 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.