Penobscot Investment Management Company Inc. Purchases 497 Shares of Analog Devices, Inc. $ADI

Penobscot Investment Management Company Inc. lifted its position in Analog Devices, Inc. (NASDAQ:ADI) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,404 shares of the semiconductor company’s stock after acquiring an additional 497 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Analog Devices were worth $2,714,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ADI. Activest Wealth Management lifted its holdings in shares of Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 127 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Analog Devices in the 1st quarter worth about $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Analog Devices in the 1st quarter worth about $33,000. North Capital Inc. bought a new stake in shares of Analog Devices in the 1st quarter worth about $36,000. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of Analog Devices by 209.8% in the 1st quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ADI shares. Raymond James Financial raised shares of Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a research note on Wednesday, June 18th. Citigroup reaffirmed a “buy” rating and issued a $290.00 price target (up previously from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Analog Devices in a research note on Saturday, September 27th. The Goldman Sachs Group started coverage on shares of Analog Devices in a research note on Thursday, July 10th. They issued a “buy” rating and a $285.00 price target on the stock. Finally, Benchmark raised their price target on shares of Analog Devices from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Two 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $275.29.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the transaction, the director owned 155,071 shares of the company’s stock, valued at $38,290,131.32. The trade was a 1.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Martin Cotter sold 12,500 shares of Analog Devices stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the completion of the transaction, the senior vice president directly owned 63,048 shares in the company, valued at approximately $15,525,570. The trade was a 16.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,240 shares of company stock worth $12,737,838 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Trading Up 0.1%

NASDAQ ADI opened at $241.99 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The company has a market capitalization of $119.05 billion, a price-to-earnings ratio of 61.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. The company’s 50-day simple moving average is $240.89 and its two-hundred day simple moving average is $223.21. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13.

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

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. 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.