3,878 Analog Devices, Inc. $ADI Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 117.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,168 shares of the semiconductor company’s stock after acquiring an additional 3,878 shares during the period. Illinois Municipal Retirement Fund’s holdings in Analog Devices were worth $2,844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. bought a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC purchased a new position in shares of Analog Devices in the 2nd quarter worth approximately $25,000. Nvwm LLC boosted its holdings in shares of Analog Devices by 590.0% in the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 59 shares during the period. Dunhill Financial LLC bought a new position in shares of Analog Devices during the 2nd quarter valued at approximately $32,000. Finally, 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. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Down 2.8%

Analog Devices stock traded down $11.32 during mid-day trading on Friday, hitting $397.97. The company’s stock had a trading volume of 3,114,598 shares, compared to its average volume of 4,960,515. The company has a 50 day moving average of $394.80 and a 200-day moving average of $375.87. The stock has a market cap of $192.84 billion, a PE ratio of 47.21, a P/E/G ratio of 0.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a one year low of $224.25 and a one year high of $445.91.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share 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 business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the firm posted $2.05 earnings per share. The business’s revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts anticipate that Analog Devices, Inc. will post 12.88 EPS for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Analog Devices’s payout ratio is currently 52.19%.

Insider Activity at Analog Devices

In other Analog Devices news, insider Katsufumi Nakamura sold 1,200 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $415.02, for a total value of $498,024.00. Following the completion of the sale, the insider owned 14,849 shares of the company’s stock, valued at approximately $6,162,631.98. This trade represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray Stata sold 1,416 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $407.28, for a total transaction of $576,708.48. Following the completion of the transaction, the director directly owned 104,599 shares of the company’s stock, valued at $42,601,080.72. The trade was a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,436 shares of company stock valued at $20,681,906 over the last three months. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ADI. Arete Research increased their price target on Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, August 20th. JPMorgan Chase & Co. lifted their price objective on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Wells Fargo & Company cut their price objective on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a research report on Thursday, August 20th. TD Cowen increased their target price on shares of Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research note on Monday, October 19th. Finally, Morgan Stanley raised their target price on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Thirty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $461.85.

Trending Headlines about Analog Devices

Here are a few of the latest headlines about ADI:

• Positive Sentiment: Roth Capital initiated coverage with a Buy rating and a $505 price target, citing Analog Devices’ growing content in AI infrastructure. Roth Capital Buy rating article
• Neutral Sentiment: An article reported fresh ETF buying in ADI, which may provide some demand support, while also raising the question of whether the stock is already expensive. ETF buying and valuation article
• Negative Sentiment: The decline appears tied mainly to broader chip-sector weakness and caution ahead of earnings, rather than a newly disclosed deterioration in ADI’s business. The stock’s valuation and reported insider selling may also be considerations for investors. Sector pressure and earnings article

Analog Devices Profile

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.