Analog Devices, Inc. $ADI Shares Purchased by Railway Pension Investments Ltd

Railway Pension Investments Ltd raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 102.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 125,940 shares of the semiconductor company’s stock after acquiring an additional 63,740 shares during the period. Railway Pension Investments Ltd’s holdings in Analog Devices were worth $50,020,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ADI. Banque Transatlantique SA acquired a new position in shares of Analog Devices in the fourth quarter valued at approximately $25,000. Contravisory Investment Management Inc. acquired a new stake in shares of Analog Devices during the second quarter worth $25,000. Manning & Napier Advisors LLC purchased a new position in Analog Devices in the 2nd quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new position in Analog Devices in the 4th quarter valued at $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in Analog Devices during the 4th quarter worth $27,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Trading Up 0.1%

NASDAQ:ADI opened at $362.14 on Tuesday. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $381.10 and a 200-day simple moving average of $373.56. The company has a market capitalization of $175.48 billion, a PE ratio of 42.96, a price-to-earnings-growth ratio of 0.74 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm’s revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts expect that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given 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 is Tuesday, September 1st. Analog Devices’s payout ratio is currently 52.19%.

Insider Buying and Selling

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Thursday, August 27th. The stock was 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 approximately $3,752,115.50. This trade represents a 9.08% 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 sold a total of 31,363 shares of company stock worth $11,914,639 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ADI shares. Citigroup increased their price target on shares of Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Wells Fargo & Company decreased their price target on Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a research note on Thursday, August 20th. JPMorgan Chase & Co. increased their price objective on Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Truist Financial boosted their target price on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Finally, Evercore reiterated an “outperform” rating and issued a $474.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $454.63.

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.