Analog Devices, Inc. $ADI Shares Sold by Mattern Capital Management LLC

Mattern Capital Management LLC decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 44.1% during the first quarter, Holdings Channel.com reports. The fund owned 26,524 shares of the semiconductor company’s stock after selling 20,895 shares during the period. Mattern Capital Management LLC’s holdings in Analog Devices were worth $8,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADI. Riverbend Wealth Management LLC grew its position in Analog Devices by 2.2% during the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 27 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Analog Devices by 12.0% in the first quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock worth $90,000 after buying an additional 30 shares during the last quarter. 1620 Investment Advisors Inc. raised its holdings in shares of Analog Devices by 5.0% in the fourth quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock worth $182,000 after buying an additional 32 shares during the last quarter. Covestor Ltd lifted its stake in shares of Analog Devices by 14.1% during the fourth quarter. Covestor Ltd now owns 275 shares of the semiconductor company’s stock worth $75,000 after buying an additional 34 shares during the period. Finally, Kohmann Bosshard Financial Services LLC lifted its stake in shares of Analog Devices by 3.4% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 1,026 shares of the semiconductor company’s stock worth $326,000 after buying an additional 34 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 stock was sold at an average price of $411.95, for a total transaction of $411,950.00. Following the completion of the transaction, the director directly owned 12,019 shares of the company’s stock, valued at $4,951,227.05. This represents a 7.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the transaction, the chief executive officer owned 137,538 shares in the company, valued at $57,096,149.94. This trade represents a 17.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 102,858 shares of company stock worth $41,672,900. 0.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Raymond James Financial reissued an “outperform” rating and issued a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Oppenheimer increased their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Wolfe Research reissued an “outperform” rating and set a $475.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Sanford C. Bernstein restated a “market perform” rating and set a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Argus set a $460.00 price target on shares of Analog Devices in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $440.14.

Analog Devices Stock Performance

ADI opened at $386.01 on Tuesday. The firm has a fifty day moving average price of $408.54 and a 200 day moving average price of $354.50. Analog Devices, Inc. has a 1 year low of $218.37 and a 1 year high of $445.91. The stock has a market cap of $188.02 billion, a P/E ratio of 57.36, a P/E/G ratio of 1.11 and a beta of 1.18. 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 (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 26.01% and a return on equity of 14.37%. The firm’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s payout ratio is currently 65.38%.

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.