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

Key Points

• Confluence Investment Management LLC reduced its stake in Analog Devices by 0.6% in Q2, now holding approximately 625,895 shares, which accounts for 2.1% of its portfolio.
• Insider transactions revealed significant selling of shares, with SVP Katsufumi Nakamura and Director Ray Stata selling a combined total of 5,615 shares valued at over $1.36 million in recent months.
• Analog Devices has announced a quarterly dividend of $0.99, with a payout ratio of 101.02%, indicating a commitment to returning value to shareholders despite a high payout relative to earnings.

Confluence Investment Management LLC trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 625,895 shares of the semiconductor company's stock after selling 3,728 shares during the quarter. Analog Devices accounts for approximately 2.1% of Confluence Investment Management LLC's portfolio, making the stock its 7th largest holding. Confluence Investment Management LLC owned about 0.13% of Analog Devices worth $148,975,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. EFG Asset Management North America Corp. lifted its holdings in Analog Devices by 0.3% in the 1st quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company's stock worth $2,866,000 after buying an additional 47 shares in the last quarter. Heritage Financial Services LLC grew its stake in shares of Analog Devices by 1.6% during the first quarter. Heritage Financial Services LLC now owns 3,317 shares of the semiconductor company's stock valued at $669,000 after acquiring an additional 53 shares in the last quarter. Hemington Wealth Management increased its position in shares of Analog Devices by 11.4% during the first quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company's stock worth $108,000 after acquiring an additional 55 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of Analog Devices by 14.8% in the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock worth $89,000 after acquiring an additional 57 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in shares of Analog Devices by 0.4% in the first quarter. Proficio Capital Partners LLC now owns 14,523 shares of the semiconductor company's stock worth $2,929,000 after acquiring an additional 58 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the sale, the senior vice president directly owned 13,549 shares in the company, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the sale, the director directly owned 167,571 shares in the company, valued at approximately $40,088,010.33. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,115 shares of company stock valued at $9,529,113 over the last three months. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ADI shares. Morgan Stanley raised their price objective on Analog Devices from $273.00 to $288.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Zacks Research upgraded shares of Analog Devices from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. The Goldman Sachs Group initiated coverage on shares of Analog Devices in a report on Thursday, July 10th. They issued a "buy" rating and a $285.00 price target on the stock. Finally, Piper Sandler raised their price objective on shares of Analog Devices from $215.00 to $245.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Analog Devices Stock Down 1.2%

ADI stock opened at $245.21 on Friday. The firm has a market cap of $120.63 billion, a price-to-earnings ratio of 62.55, a PEG ratio of 2.10 and a beta of 1.08. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13. The firm has a fifty day moving average price of $238.98 and a two-hundred day moving average price of $220.48. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the firm posted $1.58 EPS. The company's revenue for the quarter was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's payout ratio is presently 101.02%.

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.

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