Riverbridge Partners LLC Sells 11,494 Shares of Analog Devices, Inc. $ADI

Key Points

• Riverbridge Partners LLC reduced its stake in Analog Devices, Inc. by selling 11,494 shares, now owning a total of 402,037 shares, which represents about 1.5% of its investment portfolio.
• Several institutional investors increased their holdings in Analog Devices during Q1, with notable increases from Price T Rowe Associates, GAMMA Investing, and Robeco Institutional Asset Management.
• Shares of Analog Devices were recently adjusted by multiple analysts, with price targets raised by KeyCorp and Piper Sandler, reflecting positive sentiment and an average rating of "Moderate Buy".

Riverbridge Partners LLC trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 402,037 shares of the semiconductor company's stock after selling 11,494 shares during the period. Analog Devices makes up about 1.5% of Riverbridge Partners LLC's investment portfolio, making the stock its 22nd biggest position. Riverbridge Partners LLC owned 0.08% of Analog Devices worth $95,693,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ADI. Price T Rowe Associates Inc. MD lifted its holdings in Analog Devices by 26.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock valued at $2,304,098,000 after purchasing an additional 2,407,460 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Analog Devices by 25,460.1% during the 1st quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock valued at $446,037,000 after purchasing an additional 2,203,062 shares during the last quarter. Nuveen LLC bought a new position in Analog Devices during the 1st quarter valued at about $351,943,000. Amundi lifted its holdings in Analog Devices by 29.2% during the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock valued at $785,071,000 after purchasing an additional 880,636 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Analog Devices by 229.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 796,824 shares of the semiconductor company's stock valued at $160,695,000 after purchasing an additional 555,065 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ADI shares. KeyCorp lifted their price target on shares of Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Piper Sandler raised their price objective on shares of Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research report on Thursday, August 21st. Barclays raised their price objective on shares of Analog Devices from $185.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. Keefe, Bruyette & Woods upgraded shares of Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Finally, Evercore ISI raised their price objective on shares of Analog Devices from $280.00 to $303.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $273.53.

Analog Devices Stock Up 0.7%

Shares of NASDAQ:ADI opened at $248.61 on Thursday. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The company has a 50 day moving average of $239.54 and a 200-day moving average of $221.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The stock has a market cap of $122.30 billion, a price-to-earnings ratio of 63.42, a P/E/G ratio of 2.08 and a beta of 1.08.

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

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.99 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices's payout ratio is currently 101.02%.

Insider Activity

In related news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total transaction of $771,625.00. Following the completion of the transaction, the director owned 155,071 shares in the company, valued at approximately $38,290,131.32. The trade was 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 this link. Also, SVP Martin Cotter sold 12,500 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the transaction, the senior vice president owned 63,048 shares of the company's stock, valued at approximately $15,525,570. This represents a 16.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,240 shares of company stock worth $10,300,738 in the last ninety days. Company insiders own 0.33% of the company's stock.

Analog Devices Company 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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