Confluence Investment Management LLC Trims Stock Position in Analog Devices, Inc. $ADI

Confluence Investment Management LLC decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 585,879 shares of the semiconductor company’s stock after selling 27,678 shares during the period. Analog Devices makes up approximately 2.4% of Confluence Investment Management LLC’s holdings, making the stock its 4th largest holding. Confluence Investment Management LLC’s holdings in Analog Devices were worth $158,890,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC boosted its holdings in shares of Analog Devices by 2.4% in the 3rd quarter. Quent Capital LLC now owns 1,810 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 42 shares in the last quarter. Carson Advisory Inc. raised its holdings in shares of Analog Devices by 3.1% during the 3rd quarter. Carson Advisory Inc. now owns 1,441 shares of the semiconductor company’s stock valued at $354,000 after buying an additional 43 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Analog Devices by 2.5% during the 3rd quarter. Sivia Capital Partners LLC now owns 1,796 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 44 shares in the last quarter. Klingman & Associates LLC lifted its position in Analog Devices by 3.7% in the 3rd quarter. Klingman & Associates LLC now owns 1,274 shares of the semiconductor company’s stock worth $313,000 after buying an additional 45 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in Analog Devices by 0.3% in the third quarter. Bleakley Financial Group LLC now owns 13,843 shares of the semiconductor company’s stock worth $3,401,000 after buying an additional 46 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In related news, 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 transaction, the senior vice president owned 49,664 shares in the company, valued at $13,828,444.16. The trade was a 16.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the completion of the transaction, the chief executive officer directly owned 155,688 shares of the company’s stock, valued at approximately $47,783,760.96. The trade was a 6.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 41,449 shares of company stock worth $12,336,069. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of recent research reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $270.00 price target on shares of Analog Devices in a research report on Wednesday, November 26th. Citigroup reaffirmed a “buy” rating on shares of Analog Devices in a research note on Thursday, February 19th. Piper Sandler increased their target price on shares of Analog Devices from $250.00 to $360.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Truist Financial lifted their target price on shares of Analog Devices from $291.00 to $364.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $410.00 price target on shares of Analog Devices in a research note on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $366.96.

Analog Devices Stock Up 0.6%

Shares of NASDAQ:ADI opened at $310.44 on Friday. The stock’s 50-day moving average is $322.05 and its 200 day moving average is $276.80. The company has a market cap of $151.56 billion, a PE ratio of 56.75, a P/E/G ratio of 1.42 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $363.20.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data 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. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the company earned $1.63 EPS. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, March 3rd. This is an increase from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s payout ratio is presently 80.44%.

Analog Devices 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.