California Public Employees Retirement System Sells 142,973 Shares of Analog Devices, Inc. $ADI

California Public Employees Retirement System lessened its stake in Analog Devices, Inc. (NASDAQ:ADI) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 970,539 shares of the semiconductor company’s stock after selling 142,973 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Analog Devices worth $238,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Analog Devices during the second quarter worth $1,803,377,000. Amundi increased its stake in shares of Analog Devices by 44.8% during the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock worth $1,507,740,000 after purchasing an additional 1,922,302 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Analog Devices by 29.2% during the 3rd quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock worth $1,186,714,000 after purchasing an additional 1,091,004 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Analog Devices by 948.2% in the 2nd quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock valued at $258,487,000 after purchasing an additional 982,385 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Analog Devices by 47.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,745,985 shares of the semiconductor company’s stock valued at $653,599,000 after purchasing an additional 882,909 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Trading Down 0.4%

Shares of NASDAQ:ADI opened at $306.07 on Monday. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $363.20. The business has a 50 day moving average of $320.42 and a 200-day moving average of $275.50. 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 stock has a market cap of $149.42 billion, a PE ratio of 55.95, a P/E/G ratio of 1.41 and a beta of 1.00.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.15. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, March 3rd. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s dividend payout ratio (DPR) is 80.44%.

Analyst Ratings Changes

A number of research firms recently commented on ADI. Bank of America lifted their price target on Analog Devices from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Benchmark raised their price objective on Analog Devices from $285.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Oppenheimer reiterated an “outperform” rating and set a $400.00 target price (up from $350.00) on shares of Analog Devices in a research note on Thursday, February 19th. Weiss Ratings lowered Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. Finally, Wells Fargo & Company raised their price target on Analog Devices from $340.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $366.96.

Insider Activity at Analog Devices

In related news, CAO Michael Sondel sold 4,199 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the transaction, the chief accounting officer directly owned 14,740 shares of the company’s stock, valued at approximately $5,321,434.80. This trade represents a 22.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Martin Cotter sold 10,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the completion of the sale, the senior vice president directly owned 49,664 shares of the company’s stock, valued at $13,828,444.16. This represents a 16.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 49,574 shares of company stock valued at $14,565,113. 0.36% of the stock is currently owned by insiders.

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.