Pictet Asset Management Holding SA Sells 90,146 Shares of Analog Devices, Inc. $ADI

Key Points

• Pictet Asset Management trimmed its stake in Analog Devices by 6.7%, selling 90,146 shares and leaving it with 1,245,883 shares valued at about $337.9 million (0.25% ownership) per its latest 13F filing.
• Analysts have grown more bullish—multiple firms raised price targets (e.g., Bank of America to $425, Wells Fargo to $400, Barclays to $430), leaving ADI with an average target around $370.69 and a consensus rating of "Moderate Buy."
• Analog Devices reported a strong quarter (EPS $2.46 vs. $2.31 est., revenue $3.16B, +30.4% YoY), set Q2 FY2026 guidance of $2.73–$3.03 EPS, and raised its quarterly dividend to $1.10 ($4.40 annual, ~1.1% yield).

Pictet Asset Management Holding SA lessened its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,245,883 shares of the semiconductor company's stock after selling 90,146 shares during the period. Pictet Asset Management Holding SA owned 0.25% of Analog Devices worth $337,892,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ADI. Y.D. More Investments Ltd acquired a new position in Analog Devices during the 3rd quarter valued at about $32,000. LFA Lugano Financial Advisors SA lifted its holdings in Analog Devices by 92.9% in the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company's stock valued at $33,000 after buying an additional 65 shares during the period. Albion Financial Group UT lifted its holdings in Analog Devices by 41.4% in the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company's stock valued at $33,000 after buying an additional 36 shares during the period. Barnes Dennig Private Wealth Management LLC boosted its stake in Analog Devices by 61.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 49 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Analog Devices during the 3rd quarter valued at $38,000. Institutional investors own 86.81% of the company's stock.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on ADI shares. Wells Fargo & Company increased their price target on Analog Devices from $340.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday, February 19th. Piper Sandler upped their target price on shares of Analog Devices from $250.00 to $360.00 and gave the company a "neutral" rating in a research note on Thursday, February 19th. Barclays increased their target price on shares of Analog Devices from $375.00 to $430.00 and gave the stock an "overweight" rating in a report on Thursday, February 19th. Arete Research raised shares of Analog Devices from a "neutral" rating to a "buy" rating and set a $389.00 price target on the stock in a research report on Monday, March 30th. Finally, Citigroup reaffirmed a "buy" rating on shares of Analog Devices in a research note on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Analog Devices presently has an average rating of "Moderate Buy" and an average target price of $370.69.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the sale, the chief executive officer owned 155,688 shares of the company's stock, valued at approximately $47,783,760.96. The trade was a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michael Sondel sold 4,199 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total value of $1,515,922.98. Following the completion of the transaction, the chief accounting officer owned 14,740 shares of the company's stock, valued at $5,321,434.80. The trade was a 22.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 27,324 shares of company stock valued at $8,758,085. Corporate insiders own 0.36% of the company's stock.

Analog Devices Stock Performance

Analog Devices stock opened at $399.57 on Monday. The stock has a 50-day simple moving average of $337.53 and a 200 day simple moving average of $294.85. The stock has a market capitalization of $195.07 billion, a P/E ratio of 73.05, a PEG ratio of 1.60 and a beta of 1.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76. Analog Devices, Inc. has a 52 week low of $186.73 and a 52 week high of $408.37.

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 company had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the firm posted $1.63 earnings per share. The business's revenue was up 30.4% on a year-over-year basis. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Analysts expect that Analog Devices, Inc. will post 11.38 earnings per share for the current year.

Analog Devices Increases Dividend

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

Analog Devices Company 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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