Eastern Bank Sells 35,181 Shares of Analog Devices, Inc. $ADI

Eastern Bank lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 17.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,496 shares of the semiconductor company’s stock after selling 35,181 shares during the period. Eastern Bank’s holdings in Analog Devices were worth $38,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADI. Brighton Jones LLC boosted its holdings in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after buying an additional 529 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Analog Devices by 26.7% during the first quarter. GAMMA Investing LLC now owns 10,967 shares of the semiconductor company’s stock worth $2,212,000 after buying an additional 2,314 shares during the last quarter. Simplicity Wealth LLC bought a new position in shares of Analog Devices during the 1st quarter valued at about $257,000. SG Americas Securities LLC lifted its holdings in shares of Analog Devices by 385.1% during the 1st quarter. SG Americas Securities LLC now owns 10,105 shares of the semiconductor company’s stock valued at $2,038,000 after purchasing an additional 13,649 shares in the last quarter. Finally, Integrated Advisors Network LLC lifted its holdings in shares of Analog Devices by 42.2% during the 1st quarter. Integrated Advisors Network LLC now owns 5,560 shares of the semiconductor company’s stock valued at $1,121,000 after purchasing an additional 1,650 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Down 5.3%

NASDAQ ADI opened at $225.32 on Friday. The stock has a market capitalization of $110.85 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 2.00 and a beta of 1.09. The stock’s 50 day moving average price is $241.66 and its two-hundred day moving average price is $224.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $258.13.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.95 by $0.10. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.8%. Analog Devices’s payout ratio is 101.02%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ADI shares. Benchmark lifted their price objective on Analog Devices from $260.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, August 21st. KeyCorp lifted their price objective on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Noble Financial upgraded Analog Devices to an “outperform” rating in a report on Wednesday, June 18th. Citigroup reiterated a “buy” rating and set a $290.00 price objective (up previously from $260.00) on shares of Analog Devices in a report on Monday, July 7th. Finally, Piper Sandler lifted their price objective on Analog Devices from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.29.

Insider Activity

In other Analog Devices news, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $242.74, for a total transaction of $242,740.00. Following the transaction, the director owned 5,118 shares of the company’s stock, valued at $1,242,343.32. The trade was a 16.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Vincent Roche sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total value of $5,085,800.00. Following the transaction, the chief executive officer directly owned 23,515 shares in the company, valued at $5,979,629.35. This trade represents a 45.96% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,240 shares of company stock worth $12,980,578. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.