Auto Owners Insurance Co Acquires 344,505 Shares of Analog Devices, Inc. $ADI

Auto Owners Insurance Co boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 27,020.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 345,780 shares of the semiconductor company’s stock after acquiring an additional 344,505 shares during the quarter. Auto Owners Insurance Co’s holdings in Analog Devices were worth $9,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Banque Transatlantique SA purchased a new stake in shares of Analog Devices in the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in Analog Devices during the fourth quarter valued at $26,000. Gordian Capital Singapore Pte Ltd purchased a new position in Analog Devices during the fourth quarter valued at $27,000. Y.D. More Investments Ltd bought a new stake in Analog Devices in the third quarter worth $32,000. Finally, Albion Financial Group UT boosted its holdings in Analog Devices by 41.4% in the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADI. Robert W. Baird raised their price target on Analog Devices from $365.00 to $450.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Evercore reissued an “outperform” rating and set a $474.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. KeyCorp raised their price objective on shares of Analog Devices from $430.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Wolfe Research reaffirmed an “outperform” rating and issued a $475.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Finally, Truist Financial upped their target price on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $432.71.

Analog Devices Price Performance

NASDAQ ADI opened at $434.46 on Friday. Analog Devices, Inc. has a 52 week low of $218.37 and a 52 week high of $439.70. The firm has a market capitalization of $211.62 billion, a P/E ratio of 64.56, a PEG ratio of 1.22 and a beta of 1.18. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $401.55 and a 200-day moving average price of $340.66.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm’s revenue was up 37.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities research analysts anticipate that Analog Devices, Inc. will post 12.41 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. Analog Devices’s payout ratio is presently 65.38%.

Insider Buying and Selling at Analog Devices

In other news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $411.95, for a total value of $411,950.00. Following the completion of the sale, the director directly owned 12,019 shares in the company, valued at $4,951,227.05. This represents a 7.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the transaction, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 101,442 shares of company stock worth $40,422,954. 0.36% of the stock is currently owned by insiders.

Analog Devices Company 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.