Analog Devices, Inc. $ADI Shares Sold by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co cut its Analog Devices stake by 6.5% in the fourth quarter, though it still held 95,944 shares valued at about $26.0 million.
• Analog Devices reported strong quarterly results, beating EPS and revenue estimates, and management guided Q3 2026 earnings above expectations; analysts responded with higher price targets and mostly bullish ratings.
• There has also been recent insider selling, including CEO Vincent Roche selling 30,000 shares, while institutional investors continue to own the vast majority of the stock.

Ilmarinen Mutual Pension Insurance Co decreased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,944 shares of the semiconductor company's stock after selling 6,700 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Analog Devices were worth $26,020,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Amundi lifted its holdings in shares of Analog Devices by 44.8% during the third quarter. Amundi now owns 6,215,129 shares of the semiconductor company's stock valued at $1,507,740,000 after purchasing an additional 1,922,302 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Analog Devices by 29.2% during the third quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company's stock valued at $1,186,714,000 after purchasing an additional 1,091,004 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Analog Devices by 3,456.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,059,726 shares of the semiconductor company's stock valued at $287,398,000 after purchasing an additional 1,029,927 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Analog Devices by 47.5% during the second quarter. Rafferty Asset Management LLC now owns 1,802,338 shares of the semiconductor company's stock valued at $428,992,000 after purchasing an additional 580,546 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Analog Devices by 10.1% during the third quarter. Van ECK Associates Corp now owns 5,886,294 shares of the semiconductor company's stock valued at $1,446,262,000 after purchasing an additional 541,760 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

More Analog Devices News

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

• Positive Sentiment: Evercore ISI raised its price target on Analog Devices to $474 from $387 and kept an Outperform rating after the company’s strong quarterly beat and raise. Article: Analog Devices (ADI) Gets A Massive Target Hike After A Strong “Beat-And-Raise” Quarter
• Positive Sentiment: ADI’s industrial segment surged 56% year over year in fiscal Q2, driven by AI infrastructure, automation and defense demand, signaling broad-based business momentum. Article: Analog Devices' Industrial Segment Picks Up Pace: What's Ahead?
• Positive Sentiment: Analyst commentary has turned more constructive, with reports citing solid earnings estimate revisions and expectations for additional upside. Article: Why Analog Devices (ADI) Might be Well Poised for a Surge
• Neutral Sentiment: CEO Vincent Roche disclosed recent share sales, including two 30,000-share transactions, which may create some caution but do not necessarily change the company’s operating outlook.
• Neutral Sentiment: Broader market strength in technology and semiconductors is also providing a supportive backdrop for ADI shares. Article: S&P 500 and Nasdaq 100 Climb to Record Highs on Tech Stock Strength

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the sale, the chief executive officer owned 137,538 shares in the company, valued at $57,096,149.94. This represents a 17.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 80,000 shares of company stock worth $31,519,000. 0.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ADI shares. Citigroup increased their price objective on Analog Devices from $400.00 to $460.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Robert W. Baird increased their price objective on Analog Devices from $365.00 to $450.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. Wolfe Research reissued an "outperform" rating and issued a $475.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Oppenheimer increased their price objective on Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 12th. Finally, Truist Financial increased their price objective on Analog Devices from $364.00 to $405.00 and gave the stock a "hold" rating in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $432.71.

Analog Devices Trading Up 0.5%

NASDAQ:ADI opened at $419.01 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. The company has a market capitalization of $204.10 billion, a P/E ratio of 62.26, a P/E/G ratio of 1.17 and a beta of 1.19. The stock's 50 day moving average price is $369.92 and its 200 day moving average price is $321.48. Analog Devices, Inc. has a 52 week low of $210.80 and a 52 week high of $435.72.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $0.20. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm's revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, research analysts forecast that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be paid a dividend of $1.10 per share. The ex-dividend date is 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%.

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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