Analog Devices, Inc. $ADI Shares Sold by Boston Common Asset Management LLC

Key Points

• Boston Common Asset Management trimmed its Analog Devices stake by 7.1% in Q1, selling 3,162 shares and leaving it with 41,525 shares valued at about $13.2 million.
• Insider selling was notable: SVP Martin Cotter sold 17,594 shares and Director Ray Stata sold 1,416 shares, with insiders selling 103,858 shares worth about $42.1 million last quarter.
• Despite the selling, analysts remain constructive on ADI, with a consensus Moderate Buy rating and average price target of $441; the company also beat earnings and revenue estimates in its latest quarter.

Boston Common Asset Management LLC lessened its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 7.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,525 shares of the semiconductor company's stock after selling 3,162 shares during the quarter. Boston Common Asset Management LLC's holdings in Analog Devices were worth $13,211,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ING Groep NV boosted its stake in shares of Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock valued at $60,358,000 after buying an additional 69,202 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Analog Devices by 247.3% in the fourth quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company's stock worth $95,802,000 after buying an additional 249,702 shares during the last quarter. Covenant Asset Management LLC bought a new stake in shares of Analog Devices in the fourth quarter worth $2,500,000. HF Advisory Group LLC raised its holdings in Analog Devices by 661.6% in the fourth quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company's stock valued at $13,477,000 after acquiring an additional 43,168 shares in the last quarter. Finally, Jones Kertz & Associates Inc. acquired a new stake in Analog Devices in the fourth quarter valued at $1,480,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the transaction, the senior vice president directly owned 56,332 shares in the company, valued at $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ray Stata sold 1,416 shares of the company's stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $377.01, for a total value of $533,846.16. Following the transaction, the director directly owned 117,343 shares of the company's stock, valued at $44,239,484.43. This trade represents a 1.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 103,858 shares of company stock worth $42,062,730 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Evercore reissued an "outperform" rating and set a $474.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Raymond James Financial restated an "outperform" rating and issued a $430.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. TD Cowen increased their price target on shares of Analog Devices from $450.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Argus set a $460.00 price target on Analog Devices in a research note on Tuesday, May 26th. Finally, Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a report on Sunday, May 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $441.00.

Analog Devices Stock Performance

Shares of ADI opened at $375.36 on Monday. The stock has a market capitalization of $182.83 billion, a PE ratio of 55.77, a price-to-earnings-growth ratio of 1.05 and a beta of 1.18. The business's fifty day moving average price is $406.43 and its 200 day moving average price is $357.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.20. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm's revenue for the quarter was up 37.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 12.43 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices's dividend payout ratio is currently 65.38%.

Trending Headlines about Analog Devices

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

• Positive Sentiment: KeyCorp lifted its earnings estimates for Analog Devices across FY2026, FY2027 and several interim quarters, signaling stronger expected demand and profitability ahead. Analog Devices analyst estimate update
• Positive Sentiment: KeyCorp reaffirmed an Overweight rating and a $525 target price, which implies meaningful upside versus the current trading range. Analog Devices analyst rating and target
• Positive Sentiment: Earlier coverage highlighted ADI’s expanding liquidity via a new $3 billion credit line and its planned Empower Semiconductor deal, which could help fund growth in industrial and AI data center markets. ADI credit line and AI power deal article
• Neutral Sentiment: Recent articles comparing ADI with other technology peers suggest the stock’s relative performance is being watched closely, but they do not point to a specific new company event. ADI peer performance article
• Negative Sentiment: ADI recently underperformed the broader market in a session cited by market coverage, reflecting some near-term selling pressure in the stock. ADI declines more than market article

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.

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