Analog Devices, Inc. $ADI Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 282,267 shares of the semiconductor company’s stock after selling 11,123 shares during the period. Analog Devices accounts for approximately 1.7% of Confluence Investment Management LLC’s holdings, making the stock its 13th largest position. Confluence Investment Management LLC owned about 0.06% of Analog Devices worth $111,978,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its holdings in Analog Devices by 12.3% during the 2nd quarter. QRG Capital Management Inc. now owns 108,465 shares of the semiconductor company’s stock valued at $43,079,000 after purchasing an additional 11,849 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Analog Devices by 5.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 57,006 shares of the semiconductor company’s stock valued at $22,641,000 after purchasing an additional 3,096 shares during the last quarter. Wellington Altus USA Inc. raised its position in shares of Analog Devices by 212.1% in the second quarter. Wellington Altus USA Inc. now owns 1,002 shares of the semiconductor company’s stock valued at $398,000 after purchasing an additional 681 shares during the period. Bouchey Financial Group Ltd. bought a new position in shares of Analog Devices in the second quarter valued at about $205,000. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Analog Devices by 5.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,450 shares of the semiconductor company’s stock worth $8,519,000 after buying an additional 1,041 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In other Analog Devices news, CFO Richard Puccio, Jr. sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $382.19, for a total transaction of $573,285.00. Following the transaction, the chief financial officer owned 51,177 shares in the company, valued at $19,559,337.63. This trade represents a 2.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $362.85, for a total value of $513,795.60. Following the completion of the transaction, the director directly owned 111,679 shares of the company’s stock, valued at $40,522,725.15. This represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 31,931 shares of company stock worth $11,663,332. 0.36% of the stock is owned by corporate insiders.

Analog Devices Stock Performance

NASDAQ:ADI traded up $2.47 during mid-day trading on Thursday, reaching $399.18. 864,039 shares of the company’s stock were exchanged, compared to its average volume of 4,075,891. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The business’s fifty day simple moving average is $373.89 and its two-hundred day simple moving average is $378.88. The firm has a market capitalization of $193.43 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. The business’s revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st 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, September 1st. Analog Devices’s payout ratio is 52.19%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ADI. Arete Research lifted their target price on shares of Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. TD Cowen restated a “buy” rating and set a $460.00 price objective (up from $450.00) on shares of Analog Devices in a research report on Tuesday, September 8th. The Goldman Sachs Group restated a “buy” rating and set a $480.00 price objective (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Seaport Research Partners raised Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price on the stock in a research report on Thursday, August 20th. Finally, Sanford C. Bernstein upgraded Analog Devices from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $430.00 to $465.00 in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $460.09.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.