Conning Inc. Sells 7,008 Shares of Analog Devices, Inc. $ADI

Conning Inc. cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.8% during the first quarter, HoldingsChannel.com reports. The firm owned 114,792 shares of the semiconductor company’s stock after selling 7,008 shares during the quarter. Analog Devices makes up 1.2% of Conning Inc.’s portfolio, making the stock its 21st biggest position. Conning Inc.’s holdings in Analog Devices were worth $36,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ADI. Banque Transatlantique SA bought a new stake in Analog Devices in the fourth quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new position in Analog Devices during the 1st quarter worth approximately $30,000. Hilton Head Capital Partners LLC acquired a new stake in Analog Devices in the 4th quarter valued at $26,000. Gordian Capital Singapore Pte Ltd bought a new stake in Analog Devices during the fourth quarter worth about $27,000. Finally, Entrust Financial LLC acquired a new stake in shares of Analog Devices in the 4th quarter valued at approximately $33,000. 86.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ADI. Needham & Company LLC boosted their target price on Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on Analog Devices from $400.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Bank of America increased their target price on Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Evercore restated an “outperform” rating and issued a $474.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Wells Fargo & Company boosted their price target on Analog Devices from $470.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $439.79.

Analog Devices Price Performance

Analog Devices stock opened at $395.65 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. Analog Devices, Inc. has a 52 week low of $218.37 and a 52 week high of $445.91. The stock has a market capitalization of $192.72 billion, a P/E ratio of 58.79, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. The stock has a fifty day moving average of $408.87 and a 200-day moving average of $353.18.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The business’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, sell-side analysts expect that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices’s dividend payout ratio is presently 65.38%.

Key Stories Impacting Analog Devices

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

• Positive Sentiment: ADI continues to benefit from strong operating results, including a recent earnings beat, revenue growth of 37.2% year over year, and quarterly guidance that remains above prior expectations, which supports the stock’s longer-term outlook.
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple Buy ratings and an average price target above the current trading range, suggesting analysts still see upside in Analog Devices.
• Positive Sentiment: Earlier coverage highlighted a new $3.0 billion revolving credit facility and the company’s more than $1 billion Oregon facility expansion, both of which improve financial flexibility and reinforce long-term growth capacity. Analog Devices (ADI) Could Be 16% Undervalued As It Secures A $3.0b Credit Facility
• Neutral Sentiment: Recent market articles said ADI has generally outperformed the broader market, but also noted it lagged some semiconductor peers on certain trading days, pointing to steady but not decisive momentum. Analog Devices (ADI) Surpasses Market Returns: Some Facts Worth Knowing
• Negative Sentiment: Director Ray Stata sold 1,416 shares in a pre-arranged Rule 10b5-1 plan. The sale was disclosed and appears routine, but insider selling can still slightly weigh on investor sentiment. SEC Form 4 for Ray Stata transaction

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 1,416 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $377.01, for a total transaction of $533,846.16. Following the sale, the director owned 117,343 shares of the company’s stock, valued at approximately $44,239,484.43. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $389.75, for a total transaction of $3,897,500.00. Following the transaction, the chief executive officer owned 137,538 shares of the company’s stock, valued at $53,605,435.50. This trade represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 102,858 shares of company stock worth $41,672,900. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Company 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.