Riverbend Wealth Management LLC Decreases Stock Holdings in Analog Devices, Inc. $ADI

Riverbend Wealth Management LLC lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,216 shares of the semiconductor company’s stock after selling 97 shares during the quarter. Riverbend Wealth Management LLC’s holdings in Analog Devices were worth $289,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft increased its holdings in shares of Analog Devices by 3.9% in the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock worth $270,000 after purchasing an additional 43 shares during the last quarter. Bennett Associates Wealth Management grew its holdings in Analog Devices by 2.9% during the 2nd quarter. Bennett Associates Wealth Management now owns 1,624 shares of the semiconductor company’s stock valued at $387,000 after buying an additional 46 shares in the last quarter. EFG Asset Management North America Corp. increased its stake 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 acquiring an additional 47 shares during the last quarter. Plimoth Trust Co. LLC raised its holdings in shares of Analog Devices by 1.8% during the 2nd quarter. Plimoth Trust Co. LLC now owns 2,623 shares of the semiconductor company’s stock worth $624,000 after acquiring an additional 47 shares in the last quarter. Finally, Regatta Capital Group LLC raised its holdings in shares of Analog Devices by 4.5% during the 2nd quarter. Regatta Capital Group LLC now owns 1,124 shares of the semiconductor company’s stock worth $268,000 after acquiring an additional 48 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Analog Devices from $219.00 to $249.00 and gave the stock a “hold” rating in a research report on Thursday, August 21st. Evercore ISI boosted their target price on shares of Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. upped their target price on shares of Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. The Goldman Sachs Group began coverage on Analog Devices in a research report on Thursday, July 10th. They issued a “buy” rating and a $285.00 price target for the company. Finally, Stifel Nicolaus upped their price objective on Analog Devices from $248.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $275.29.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $243.71, for a total value of $2,437,100.00. Following the transaction, the chief executive officer owned 140,118 shares of the company’s stock, valued at $34,148,157.78. This trade represents a 6.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the sale, the senior vice president owned 13,549 shares of the company’s stock, valued at $3,360,558.47. The trade was a 15.52% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,115 shares of company stock valued at $12,232,985. Insiders own 0.33% of the company’s stock.

Analog Devices Stock Performance

Shares of NASDAQ:ADI opened at $241.61 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. The company has a market capitalization of $118.86 billion, a price-to-earnings ratio of 61.64, a PEG ratio of 2.01 and a beta of 1.09. The firm’s 50-day moving average is $242.92 and its 200 day moving average is $224.99.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10. The business 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 for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 earnings per share. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s dividend payout ratio is 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.