Analog Devices, Inc. $ADI Shares Sold by Conning Inc.

Conning Inc. cut its position in Analog Devices, Inc. (NASDAQ:ADI) by 14.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 134,814 shares of the semiconductor company’s stock after selling 22,518 shares during the quarter. Conning Inc.’s holdings in Analog Devices were worth $33,124,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Analog Devices in the 2nd quarter valued at about $1,803,377,000. Marshall Wace LLP boosted its holdings in Analog Devices by 948.2% in the second quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock valued at $258,487,000 after purchasing an additional 982,385 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Analog Devices by 47.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,745,985 shares of the semiconductor company’s stock valued at $653,599,000 after purchasing an additional 882,909 shares in the last quarter. Vanguard Group Inc. increased its holdings in Analog Devices by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock worth $11,955,086,000 after purchasing an additional 761,861 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Analog Devices by 684.6% in the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock valued at $211,871,000 after purchasing an additional 752,411 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ADI shares. Robert W. Baird raised their price target on shares of Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Cfra reiterated a “buy” rating and set a $280.00 price objective on shares of Analog Devices in a research note on Tuesday, November 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Analog Devices in a report on Monday, December 29th. KeyCorp boosted their target price on shares of Analog Devices from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their price target on shares of Analog Devices from $250.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average target price of $290.04.

Analog Devices News Summary

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

• Positive Sentiment: KeyCorp raised its Q1 2026 EPS model to $2.39, kept an Overweight rating and moved its price target to $375 — a clear analyst endorsement that supports upside expectations for ADI. KeyCorp note
• Positive Sentiment: Zacks highlights ADI’s growing automotive revenue as vehicle electronics and Level 2+ ADAS content increase, reinforcing a durable demand vector tied to software-defined cars. This thematic story supports a higher multiple and longer-term growth outlook. Will Vehicle Electronics Evolution Fuel ADI’s Automotive Growth?
• Positive Sentiment: Recent analyst coverage and target increases (Goldman Sachs, BNP Paribas Exane, Truist, Bank of America) and the company’s solid November earnings beat and strong revenue growth are keeping institutional sentiment constructive. Those upgrades help explain buying interest. Analog Devices Moves Higher as Super-Cycle Gains Momentum
• Neutral Sentiment: Momentum-focused write-ups (e.g., TipRanks/Zacks “momentum pick” pieces) are drawing attention but are more narrative-driven than fundamentals-driven; they may boost short-term flows but carry limited long-term informational value. Top Analog Devices Executive Makes Notable Move
• Negative Sentiment: Insider selling: SVP Katsufumi Nakamura sold 500 shares (avg. $301.46) recently, and SVP Martin Cotter sold 10,000 shares on Jan. 5 (avg. $278.44). While insider sales can be routine, the size and timing may create near-term investor concern about insider conviction. Insider Selling: Analog Devices SVP Sells Shares

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total value of $719,406.25. Following the sale, the director owned 142,571 shares of the company’s stock, valued at approximately $32,821,269.91. This trade represents a 2.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Michael Sondel sold 8,169 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total value of $2,271,227.07. Following the transaction, the chief accounting officer owned 18,913 shares of the company’s stock, valued at $5,258,381.39. This represents a 30.16% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 50,419 shares of company stock valued at $13,399,592. 0.33% of the stock is owned by insiders.

Analog Devices Stock Up 0.6%

ADI stock opened at $297.99 on Thursday. The firm has a market cap of $145.91 billion, a price-to-earnings ratio of 65.35, a PEG ratio of 1.64 and a beta of 1.03. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $303.20. The firm has a fifty day moving average price of $266.43 and a two-hundred day moving average price of $249.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the business posted $1.67 EPS. The company’s quarterly revenue was up 25.9% on a year-over-year basis. Research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a dividend yield of 1.3%. Analog Devices’s dividend payout ratio is 86.84%.

Analog Devices Profile

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.