Rep. Rick Larsen Buys Shares of Analog Devices, Inc. (NASDAQ:ADI)

Key Points

• Rep. Rick Larsen purchased $1,001–$15,000 of Analog Devices shares in his IRA on October 8, while also selling positions in FedEx and Home Depot and buying Williams-Sonoma shares.
• Analog Devices reported strong quarterly results, with EPS of $3.45 beating estimates and revenue rising 39.2% year over year to $4.02 billion. The company also pays a $1.10 quarterly dividend, yielding approximately 1.1%.
• ADI shares opened at $414.70, and analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $460.09; institutional investors own 86.81% of the stock.

Representative Rick Larsen (Democratic-Washington) recently bought shares of Analog Devices, Inc. NASDAQ: ADI. In a filing disclosed on October 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Analog Devices stock on October 8th. The trade occurred in the Representative's "RICHARD R LARSEN IRA" account.

Representative Rick Larsen also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of FedEx NYSE: FDX on 10/8/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 10/8/2026.
• Purchased $1,001 - $15,000 in shares of Williams-Sonoma NYSE: WSM on 10/8/2026.

Analog Devices Stock Up 2.1%

Shares of ADI stock opened at $414.70 on Wednesday. The stock's 50 day simple moving average is $381.59 and its 200 day simple moving average is $385.14. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The company has a market capitalization of $200.95 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 1.25 and a beta of 1.22.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.92 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. The company's revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, research analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices's dividend payout ratio (DPR) is presently 52.19%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Arete Research boosted their price objective on Analog Devices from $487.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. TD Cowen reaffirmed a "buy" rating and issued a $460.00 target price (up from $450.00) on shares of Analog Devices in a report on Tuesday, September 8th. Evercore dropped their price target on Analog Devices from $474.00 to $462.00 and set an "outperform" rating on the stock in a research report on Thursday, August 20th. Cantor Fitzgerald reiterated an "overweight" rating and set a $510.00 price target (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. increased their price objective on Analog Devices from $450.00 to $500.00 and gave the company an "overweight" rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $460.09.

Institutional Investors Weigh In On Analog Devices

A number of institutional investors have recently added to or reduced their stakes in ADI. BlackRock Inc. purchased a new stake in Analog Devices during the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE increased its position in shares of Analog Devices by 5.2% during the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock valued at $3,250,341,000 after buying an additional 501,604 shares during the period. Van ECK Associates Corp increased its position in shares of Analog Devices by 24.7% during the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company's stock valued at $3,345,316,000 after buying an additional 1,670,957 shares during the period. Amundi raised its position in shares of Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company's stock worth $1,604,771,000 after acquiring an additional 254,632 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in Analog Devices in the second quarter worth $1,525,167,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Richard Puccio, Jr. sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $421.08, for a total transaction of $631,620.00. Following the completion of the transaction, the chief financial officer owned 49,677 shares of the company's stock, valued at $20,917,991.16. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of Analog Devices stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $415.02, for a total value of $498,024.00. Following the transaction, the insider owned 14,849 shares of the company's stock, valued at $6,162,631.98. The trade was a 7.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 50,936 shares of company stock worth $19,430,764 over the last three months. Corporate insiders own 0.36% of the company's stock.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington's 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2027. Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington's 2nd Congressional District. He declared candidacy for the 2026 election. Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure. Larsen's first position as an elected official was in 1998 as a member of the Snohomish County Council. Larsen earned his bachelor's degree from Pacific Lutheran University. After earning his master's degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

Analog Devices Company Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company's product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.

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