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

Confluence Investment Management LLC lessened its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 282,267 shares of the semiconductor company’s stock after selling 11,123 shares during the period. Analog Devices makes up about 1.7% of Confluence Investment Management LLC’s portfolio, making the stock its 13th largest holding. Confluence Investment Management LLC’s holdings in Analog Devices were worth $111,978,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Analog Devices in the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Analog Devices during the 2nd quarter worth $25,000. Dunhill Financial LLC bought a new stake in shares of Analog Devices during the 2nd quarter worth $32,000. Cornerstone Financial Management LLC lifted its position in shares of Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after buying an additional 28 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Analog Devices in the second quarter valued at about $33,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the transaction, the chief financial officer directly owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. The trade was a 4.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction dated 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 sale, the director owned 111,679 shares in the company, valued at $40,522,725.15. This trade represents a 1.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,931 shares of company stock worth $11,663,332 in the last three months. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on ADI. JPMorgan Chase & Co. boosted their target price on Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. KeyCorp upped their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Fundamental Research set a $550.00 price objective on shares of Analog Devices in a research note on Monday, June 29th. The Goldman Sachs Group restated a “buy” rating and issued a $480.00 target price (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. Finally, Stifel Nicolaus boosted their target price on shares of Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine 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 a consensus rating of “Moderate Buy” and an average price target of $460.09.

Analog Devices Trading Up 0.6%

Shares of Analog Devices stock traded up $2.47 on Thursday, hitting $399.18. The stock had a trading volume of 864,039 shares, compared to its average volume of 4,075,891. The stock has a 50 day moving average of $373.89 and a 200 day moving average of $378.88. The firm has a market capitalization of $193.43 billion, a P/E ratio of 47.26, a PEG ratio of 1.23 and a beta of 1.20. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month 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.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the company earned $2.05 EPS. The firm’s revenue 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. Sell-side analysts expect that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.

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.