Mattern Capital Management LLC Has $12.86 Million Stake in Analog Devices, Inc. $ADI

Key Points

• Mattern Capital Management cut its stake in Analog Devices (ADI) by 8%, now holding 47,419 shares worth about $12.86 million, making ADI roughly 1.5% of its portfolio and its 7th largest position.
• Corporate insiders have been net sellers recently — including the CEO and CAO — with a total of 27,324 shares (~$8.76M) sold in the past three months; insiders now own just 0.36% of the company.
• Analysts have lifted ratings and price targets (Goldman to $370, Jefferies $410, Susquehanna $400, Bank of America $425), leaving an average target near $370.69, supported by a Q4 beat (EPS $2.46 vs. $2.31, revenue $3.16B, +30.4%) and Q2 guidance of $2.73–$3.03 EPS.

Mattern Capital Management LLC decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,419 shares of the semiconductor company's stock after selling 4,133 shares during the quarter. Analog Devices comprises about 1.5% of Mattern Capital Management LLC's investment portfolio, making the stock its 7th largest position. Mattern Capital Management LLC's holdings in Analog Devices were worth $12,860,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in shares of Analog Devices by 12.9% in the third quarter. Jones Financial Companies Lllp now owns 169,572 shares of the semiconductor company's stock valued at $41,907,000 after acquiring an additional 19,383 shares during the period. SG Americas Securities LLC raised its stake in shares of Analog Devices by 684.6% in the third quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company's stock valued at $211,871,000 after acquiring an additional 752,411 shares during the period. Nordea Investment Management AB raised its stake in shares of Analog Devices by 247.3% in the fourth quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company's stock valued at $95,802,000 after acquiring an additional 249,702 shares during the period. AE Wealth Management LLC raised its stake in shares of Analog Devices by 26.4% in the third quarter. AE Wealth Management LLC now owns 43,932 shares of the semiconductor company's stock valued at $10,795,000 after acquiring an additional 9,174 shares during the period. Finally, Ashton Thomas Private Wealth LLC raised its stake in shares of Analog Devices by 18.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 20,734 shares of the semiconductor company's stock valued at $5,094,000 after acquiring an additional 3,286 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insiders Place Their Bets

In other Analog Devices news, CAO Michael Sondel sold 4,199 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the transaction, the chief accounting officer directly owned 14,740 shares in the company, valued at $5,321,434.80. This represents a 22.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the chief executive officer owned 155,688 shares in the company, valued at approximately $47,783,760.96. The trade was a 6.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,324 shares of company stock worth $8,758,085 in the last three months. Corporate insiders own 0.36% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Analog Devices from $300.00 to $370.00 and gave the company a "buy" rating in a research note on Wednesday, February 18th. Jefferies Financial Group reissued a "buy" rating and issued a $410.00 target price on shares of Analog Devices in a research note on Thursday, February 19th. Susquehanna raised their price target on shares of Analog Devices from $360.00 to $400.00 and gave the stock a "positive" rating in a research note on Thursday, February 19th. Arete Research raised shares of Analog Devices from a "neutral" rating to a "buy" rating and set a $389.00 price target on the stock in a research note on Monday, March 30th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $400.00 price target (up from $350.00) on shares of Analog Devices in a research note on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $370.69.

Analog Devices Stock Down 1.1%

Shares of Analog Devices stock opened at $399.57 on Friday. 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 $186.73 and a 1 year high of $408.37. The firm's 50-day moving average is $337.53 and its two-hundred day moving average is $294.03. The stock has a market cap of $195.07 billion, a price-to-earnings ratio of 73.05, a PEG ratio of 1.62 and a beta of 1.05.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.15. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the prior year, the business earned $1.63 EPS. The firm's quarterly revenue was up 30.4% on a year-over-year basis. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, research analysts expect that Analog Devices, Inc. will post 11.38 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, March 3rd. This is a positive change from Analog Devices's previous quarterly dividend of $0.99. Analog Devices's dividend payout ratio (DPR) is currently 80.44%.

Analog Devices News Roundup

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Bank of America raised its price target on ADI to $425 (from $400) and reiterated a Buy rating, citing strong margins and pricing power — a clear fundamental endorsement that can support higher share valuations. Bank of America Raises ADI PT to $425
• Positive Sentiment: ADI was highlighted as one of "4 Solid Stocks" amid an S&P 500 record close, reflecting favorable industry/earnings momentum for select tech names — positive sentiment that can attract inflows. 4 Solid Stocks to Grab
• Positive Sentiment: Recent market commentary noted ADI outperformed the broader market in the latest session (reported intraday/close gains), indicating periodic investor buying interest and momentum. ADI Beats Stock Market Upswing
• Neutral Sentiment: Analog Devices will report Q2 FY2026 results on May 20 (pre-market) and host a conference call — a near-term catalyst that often increases volatility as investors position ahead of results. Q2 FY2026 Results Date
• Neutral Sentiment: Media and retail interest in ADI has risen (multiple "most searched" / watchlist articles), which can boost short‑term volume but doesn't guarantee sustained price direction. Investors Heavily Search ADI
• Neutral Sentiment: Sector commentary (MarketBeat piece on Texas Instruments) points to strong data-center demand benefiting semiconductor peers; ADI may benefit indirectly from broader industry tailwinds but the article focuses on TI. TI Surges; Sector Context
• Neutral Sentiment: Short-interest data in the latest report appears to show 0 shares (and a 0.0 days-to-cover) — likely a reporting anomaly and not a meaningful signal on positioning.
• Neutral Sentiment: General coverage pieces listing ADI as a large-cap to watch provide additional visibility but are not new fundamental news. 2 Large-Cap Stocks Worth Investigating

About Analog Devices

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.

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