Analog Devices, Inc. $ADI Shares Sold by Truist Financial Corp

Key Points

• Truist Financial Corp reduced its stake in Analog Devices by 7.0%, selling 68,197 shares and finishing the quarter with 905,519 shares (about 0.19% of ADI) valued at roughly $245.58 million.
• Analog Devices beat quarterly expectations with EPS $2.46 vs. $2.31 and revenue of $3.16 billion (up 30.4% YoY), set Q2 guidance of $2.73–$3.03 EPS, and saw several analysts raise price targets (e.g., Barclays and KeyCorp to $430).
• The company raised its quarterly dividend to $1.10 ($4.40 annual, ~1.1% yield), while insiders including the CEO and CAO have sold shares recently, leaving insider ownership around 0.36%.

Truist Financial Corp lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 905,519 shares of the semiconductor company's stock after selling 68,197 shares during the quarter. Truist Financial Corp owned 0.19% of Analog Devices worth $245,577,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new position in shares of Analog Devices in the 3rd quarter worth approximately $32,000. LFA Lugano Financial Advisors SA grew its position in shares of Analog Devices by 92.9% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 65 shares in the last quarter. Albion Financial Group UT grew its position in shares of Analog Devices by 41.4% in the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 36 shares in the last quarter. Barnes Dennig Private Wealth Management LLC grew its position in shares of Analog Devices by 61.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 49 shares in the last quarter. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Analog Devices in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Key Headlines Impacting Analog Devices

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

• Positive Sentiment: One-week momentum: ADI has risen sharply over the past week, attracting momentum and short-term interest that can support higher prices in the near term. Analog Devices (ADI) Is Up 7.57% in One Week: What You Should Know
• Positive Sentiment: Growth thesis reinforced: Recent write-ups list three reasons ADI qualifies as a solid growth stock (revenue/earnings strength, AI/automotive exposure, recurring analog franchise), supporting a longer-term bullish case. Is Analog Devices (ADI) a Solid Growth Stock? 3 Reasons to Think "Yes"
• Positive Sentiment: Long-term performance spotlight: Retrospectives showing multi‑year gains if you’d held ADI help sustain retail investor interest and confidence in the company’s compounding potential. If You Invested $1000 in Analog Devices a Decade Ago, This is How Much It'd Be Worth Now
• Positive Sentiment: Product/market expansion: ADI released A²B 2.0 for next‑generation in‑vehicle audio — a tangible product win for automotive OEMs that supports ADI’s exposure to the large automotive market. Analog Devices releases A2B 2.0 for next-generation in-vehicle audio systems
• Neutral Sentiment: Analyst recommendation debate: Coverage points out that the average broker rating signals “buy,” but cautions that ABR can be overly optimistic; useful context but mixed impact on price. Is Analog Devices (ADI) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Investor caution on AI: Commentary says ADI benefits from the AI narrative but some investors are hedging, which can cap upside until visibility on AI-driven revenue is clearer. Analog Devices: The AI Narrative Is Strong, But Investors Are Hedging
• Negative Sentiment: Analyst price target below current trading: A reported average price target of $370.69 is lower than recent intraday levels, which could weigh on the stock if more analysts revise targets downward. Analog Devices, Inc. NASDAQ: ADI Receives $370.69 Average Price Target from Analysts

Analog Devices Stock Performance

NASDAQ:ADI opened at $397.69 on Monday. Analog Devices, Inc. has a 12-month low of $194.26 and a 12-month high of $408.37. The firm has a market capitalization of $194.15 billion, a P/E ratio of 72.70, a P/E/G ratio of 1.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35. The business has a 50 day simple moving average of $341.55 and a 200 day simple moving average of $299.32.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.15. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The business's revenue for the quarter was up 30.4% compared to the same quarter last year. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Equities research analysts predict that Analog Devices, Inc. will post 11.35 EPS for the current year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, March 3rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. This is an increase from Analog Devices's previous quarterly dividend of $0.99. Analog Devices's payout ratio is presently 80.44%.

Analysts Set New Price Targets

ADI has been the subject of several research reports. Barclays lifted their target price on Analog Devices from $375.00 to $430.00 and gave the stock an "overweight" rating in a research report on Thursday, February 19th. Robert W. Baird set a $365.00 target price on Analog Devices in a research report on Thursday, February 19th. TD Cowen reiterated a "buy" rating on shares of Analog Devices in a research report on Thursday, February 19th. KeyCorp lifted their target price on Analog Devices from $375.00 to $430.00 and gave the stock an "overweight" rating in a research report on Thursday, February 19th. Finally, Susquehanna lifted their target price on Analog Devices from $360.00 to $400.00 and gave the stock a "positive" rating in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $370.69.

Insider Activity at Analog Devices

In related news, CAO Michael Sondel sold 4,199 shares of the business's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the completion of the transaction, the chief accounting officer owned 14,740 shares in the company, valued at $5,321,434.80. The trade was a 22.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $318.14, for a total value of $3,181,400.00. Following the transaction, the chief executive officer owned 167,826 shares of the company's stock, valued at $53,392,163.64. This represents a 5.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 17,324 shares of company stock worth $5,688,885 in the last 90 days. 0.36% of the stock is currently owned by company insiders.

About Analog Devices

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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.