Ameriprise Financial Inc. Sells 454,354 Shares of Analog Devices, Inc. $ADI

Ameriprise Financial Inc. decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 7.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,872,418 shares of the semiconductor company’s stock after selling 454,354 shares during the period. Ameriprise Financial Inc. owned about 1.19% of Analog Devices worth $1,442,905,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Howard Hughes Medical Institute purchased a new position in shares of Analog Devices in the 2nd quarter valued at $25,000. Clayton Financial Group LLC purchased a new stake in shares of Analog Devices during the 3rd quarter worth $31,000. Y.D. More Investments Ltd bought a new stake in Analog Devices during the third quarter valued at about $32,000. LFA Lugano Financial Advisors SA boosted its position in Analog Devices by 92.9% during the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Valley Wealth Managers Inc. purchased a new position in Analog Devices in the third quarter valued at about $38,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In other news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $279.39, for a total value of $873,093.75. Following the transaction, the director directly owned 136,321 shares of the company’s stock, valued at approximately $38,086,724.19. This represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $275.07, for a total value of $2,750,700.00. Following the completion of the transaction, the chief executive officer owned 155,688 shares of the company’s stock, valued at approximately $42,825,098.16. The trade was a 6.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,574 shares of company stock worth $14,565,113 over the last three months. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Stock Down 0.4%

ADI stock opened at $306.07 on Friday. The stock has a market capitalization of $149.42 billion, a PE ratio of 55.95, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $363.20. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $320.42 and a 200 day moving average of $275.36.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.15. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. Analog Devices’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 EPS. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s payout ratio is currently 80.44%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADI. Zacks Research upgraded shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Needham & Company LLC upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a report on Thursday, February 19th. UBS Group lifted their price objective on shares of Analog Devices from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Sanford C. Bernstein reiterated a “market perform” rating and set a $270.00 price objective on shares of Analog Devices in a research note on Wednesday, November 26th. Finally, Piper Sandler increased their target price on shares of Analog Devices from $250.00 to $360.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $366.96.

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.