Rep. Richard McCormick Sells Analog Devices, Inc. (NASDAQ:ADI) Shares

Key Points

• Rep. Richard McCormick sold $1,001–$15,000 of Analog Devices shares from his Roth IRA on July 30, alongside similarly sized sales of 10 other companies.
• Analog Devices reported quarterly EPS of $3.09, beating estimates of $2.89, while revenue rose 37.2% year over year to $3.62 billion. The company provided third-quarter EPS guidance of $3.15–$3.45.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and a $441 average price target; however, company insiders have sold more than $42 million in shares over the past 90 days.

Representative Richard McCormick (Republican-Georgia) recently sold shares of Analog Devices, Inc. NASDAQ: ADI. In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Analog Devices stock on July 30th. The trade occurred in the Representative's "GROWTH PARTNERS ROTH IRA" account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 7/30/2026.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Intercontinental Exchange NYSE: ICE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Illinois Tool Works NYSE: ITW on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/30/2026.

Analog Devices Stock Performance

Shares of ADI opened at $390.28 on Tuesday. The firm has a market cap of $190.10 billion, a price-to-earnings ratio of 57.99, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The company's fifty day moving average is $390.93 and its 200-day moving average is $369.88. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.20. The business 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%. Analog Devices's quarterly revenue was up 37.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities analysts expect that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 30,000 shares of the company's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at $57,096,149.94. This represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ray Stata sold 1,432 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total transaction of $573,988.56. Following the completion of the sale, the director directly owned 120,175 shares of the company's stock, valued at approximately $48,169,745.25. This trade represents a 1.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 105,274 shares of company stock valued at $42,247,986 in the last 90 days. 0.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Analog Devices

Several large investors have recently made changes to their positions in the business. Contravisory Investment Management Inc. acquired a new position in shares of Analog Devices during the second quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Analog Devices in the second quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new stake in shares of Analog Devices in the second quarter worth $32,000. Quantbot Technologies LP acquired a new stake in shares of Analog Devices in the second quarter worth $33,000. Finally, Caitlin John LLC bought a new position in Analog Devices during the second quarter worth $35,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ADI. Stifel Nicolaus boosted their price target on Analog Devices from $450.00 to $498.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Citigroup increased their price objective on Analog Devices from $400.00 to $460.00 and gave the company a "buy" rating in a report on Thursday, May 21st. TD Cowen raised their price objective on Analog Devices from $450.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, July 13th. The Goldman Sachs Group restated a "buy" rating and issued a $450.00 target price on shares of Analog Devices in a report on Wednesday, May 20th. Finally, KeyCorp upped their target price on Analog Devices from $500.00 to $525.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $441.00.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia's 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia's 7th Congressional District. He declared candidacy for the 2026 election. Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick's career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source