Eastern Bank Has $38.44 Million Stake in Analog Devices, Inc. $ADI

Key Points

• Eastern Bank reduced its stake in Analog Devices, Inc. by 17.9%, now holding 161,496 shares valued at approximately $38.44 million.
• Analog Devices reported a $2.05 EPS for the recent quarter, exceeding analysts' expectations, with a 24.6% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.99 per share, equating to an annualized yield of 1.8% despite a high dividend payout ratio of 101.02%.

Eastern Bank trimmed its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 17.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,496 shares of the semiconductor company's stock after selling 35,181 shares during the quarter. Eastern Bank's holdings in Analog Devices were worth $38,439,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. RMG Wealth Management LLC acquired a new position in Analog Devices during the second quarter worth $26,000. Activest Wealth Management raised its stake in Analog Devices by 6,350.0% during the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 127 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Analog Devices during the first quarter worth $27,000. N.E.W. Advisory Services LLC acquired a new position in Analog Devices during the first quarter worth $33,000. Finally, North Capital Inc. acquired a new position in Analog Devices during the first quarter worth $36,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

Shares of ADI stock opened at $225.32 on Friday. The stock has a 50-day moving average price of $241.66 and a 200 day moving average price of $224.11. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. The firm has a market cap of $110.85 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 2.00 and a beta of 1.09. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13.

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

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is presently 101.02%.

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total value of $771,625.00. Following the completion of the sale, the director directly owned 155,071 shares in the company, valued at $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the sale, the senior vice president owned 13,549 shares of the company's stock, valued at approximately $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,240 shares of company stock valued at $12,980,578. 0.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ADI has been the subject of several recent analyst reports. Cantor Fitzgerald increased their price objective on Analog Devices from $270.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 30th. Evercore ISI increased their price objective on Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Morgan Stanley raised their target price on Analog Devices from $273.00 to $288.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Truist Financial raised their target price on Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a research note on Thursday, August 21st. Finally, Seaport Res Ptn upgraded Analog Devices from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $275.29.

About Analog Devices

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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