Analog Devices, Inc. $ADI Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 38.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 421,653 shares of the semiconductor company’s stock after selling 261,485 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Analog Devices were worth $134,145,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. increased its holdings in Analog Devices by 5.0% in the fourth quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock valued at $182,000 after buying an additional 32 shares during the last quarter. Covestor Ltd grew its position in shares of Analog Devices by 14.1% during the 4th quarter. Covestor Ltd now owns 275 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 34 shares during the last quarter. Maia Wealth LLC raised its stake in Analog Devices by 2.0% during the fourth quarter. Maia Wealth LLC now owns 1,720 shares of the semiconductor company’s stock worth $466,000 after acquiring an additional 34 shares during the period. JFS Wealth Advisors LLC raised its stake in Analog Devices by 9.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 390 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 35 shares during the period. Finally, Albion Financial Group UT lifted 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 during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Up 1.4%

Shares of Analog Devices stock opened at $413.16 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. Analog Devices, Inc. has a 1-year low of $218.37 and a 1-year high of $445.91. The business’s fifty day moving average price is $405.83 and its two-hundred day moving average price is $344.27. The company has a market capitalization of $201.25 billion, a P/E ratio of 61.39, a PEG ratio of 1.14 and a beta of 1.18.

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

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is currently 65.38%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wolfe Research restated an “outperform” rating and issued a $475.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Sanford C. Bernstein reissued a “market perform” rating and issued a $430.00 price target on shares of Analog Devices in a report on Thursday, May 21st. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Argus set a $460.00 price objective on Analog Devices in a research note on Tuesday, May 26th. Finally, Evercore reaffirmed an “outperform” rating and issued a $474.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $434.43.

Insider Activity at Analog Devices

In other news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were 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 of the company’s stock, valued at approximately $4,951,227.05. This represents a 7.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the transaction, the senior vice president owned 56,332 shares of the company’s stock, valued at $23,546,776. This trade represents a 23.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 101,442 shares of company stock worth $40,422,954 in the last 90 days. Corporate insiders own 0.36% of the company’s stock.

About Analog Devices

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.