Analog Devices, Inc. $ADI Shares Sold by State of Michigan Retirement System

Key Points

• State of Michigan trimmed its stake in Analog Devices by 4.1%, selling 5,500 shares in Q4 and now holds 128,755 shares valued at about $34.9 million.
• Strong quarterly results and bullish analyst sentiment: ADI beat EPS ($2.46 vs. $2.31) and revenue ($3.16B vs. $3.10B) with revenue up 30.4% year-over-year, provided Q2 EPS guidance of $2.73–$3.03, and has seen multiple price-target upgrades with a consensus "Moderate Buy" target of $370.69.
• Notable insider selling: Director Ray Stata and CEO Vincent Roche sold shares in February (3,125 and 10,000 shares respectively), with insiders selling 27,324 shares (~$8.76M) over the past 90 days and insiders owning 0.36% of the stock.

State of Michigan Retirement System reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 128,755 shares of the semiconductor company's stock after selling 5,500 shares during the quarter. State of Michigan Retirement System's holdings in Analog Devices were worth $34,918,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADI. Jones Financial Companies Lllp boosted its stake in Analog Devices by 12.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 169,572 shares of the semiconductor company's stock valued at $41,907,000 after acquiring an additional 19,383 shares during the last quarter. SG Americas Securities LLC increased 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 worth $211,871,000 after purchasing an additional 752,411 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Analog Devices by 247.3% in the 4th quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company's stock worth $95,802,000 after purchasing an additional 249,702 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of Analog Devices by 26.4% in the 3rd quarter. AE Wealth Management LLC now owns 43,932 shares of the semiconductor company's stock valued at $10,795,000 after purchasing an additional 9,174 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its stake in shares of Analog Devices by 18.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 20,734 shares of the semiconductor company's stock valued at $5,094,000 after purchasing an additional 3,286 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $317.30, for a total transaction of $991,562.50. Following the transaction, the director directly owned 123,821 shares of the company's stock, valued at $39,288,403.30. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the completion of the sale, the chief executive officer owned 155,688 shares in the company, valued at approximately $47,783,760.96. This trade represents a 6.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,324 shares of company stock valued at $8,758,085 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of research reports. Barclays lifted their price target on Analog Devices from $375.00 to $430.00 and gave the stock an "overweight" rating in a research note on Thursday, February 19th. Citigroup restated a "buy" rating on shares of Analog Devices in a research note on Thursday, February 19th. Zacks Research raised Analog Devices from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 1st. Arete Research upgraded Analog Devices from a "neutral" rating to a "buy" rating and set a $389.00 target price for the company in a research report on Monday, March 30th. Finally, Needham & Company LLC upgraded Analog Devices from a "hold" rating to a "buy" rating and set a $400.00 price target for the company in a report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $370.69.

Analog Devices Price Performance

NASDAQ ADI opened at $399.57 on Monday. Analog Devices, Inc. has a 12 month low of $186.73 and a 12 month high of $408.37. The firm has a market capitalization of $195.07 billion, a PE ratio of 73.05, a P/E/G ratio of 1.60 and a beta of 1.05. The company's 50 day simple moving average is $337.53 and its 200 day simple moving average is $294.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.15. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The firm's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities research analysts forecast that Analog Devices, Inc. will post 11.38 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. This is a positive change from Analog Devices's previous quarterly dividend of $0.99. The ex-dividend date was Tuesday, March 3rd. Analog Devices's payout ratio is currently 80.44%.

Key Stories Impacting Analog Devices

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

• Positive Sentiment: Bank of America raised its price target on ADI to $425 (from $400) and reiterated a Buy rating, citing strong margins and pricing power — a clear fundamental endorsement that can support higher share valuations. Bank of America Raises ADI PT to $425
• Positive Sentiment: ADI was highlighted as one of "4 Solid Stocks" amid an S&P 500 record close, reflecting favorable industry/earnings momentum for select tech names — positive sentiment that can attract inflows. 4 Solid Stocks to Grab
• Positive Sentiment: Recent market commentary noted ADI outperformed the broader market in the latest session (reported intraday/close gains), indicating periodic investor buying interest and momentum. ADI Beats Stock Market Upswing
• Neutral Sentiment: Analog Devices will report Q2 FY2026 results on May 20 (pre-market) and host a conference call — a near-term catalyst that often increases volatility as investors position ahead of results. Q2 FY2026 Results Date
• Neutral Sentiment: Media and retail interest in ADI has risen (multiple "most searched" / watchlist articles), which can boost short‑term volume but doesn't guarantee sustained price direction. Investors Heavily Search ADI
• Neutral Sentiment: Sector commentary (MarketBeat piece on Texas Instruments) points to strong data-center demand benefiting semiconductor peers; ADI may benefit indirectly from broader industry tailwinds but the article focuses on TI. TI Surges; Sector Context
• Neutral Sentiment: Short-interest data in the latest report appears to show 0 shares (and a 0.0 days-to-cover) — likely a reporting anomaly and not a meaningful signal on positioning.
• Neutral Sentiment: General coverage pieces listing ADI as a large-cap to watch provide additional visibility but are not new fundamental news. 2 Large-Cap Stocks Worth Investigating

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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