Analog Devices, Inc. $ADI Shares Sold by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 7.8% during the first quarter, HoldingsChannel reports. The fund owned 36,710 shares of the semiconductor company’s stock after selling 3,092 shares during the period. Analog Devices accounts for about 1.5% of Parr Mcknight Wealth Management Group LLC’s investment portfolio, making the stock its 11th biggest holding. Parr Mcknight Wealth Management Group LLC’s holdings in Analog Devices were worth $11,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ADI. Banque Transatlantique SA purchased a new stake in Analog Devices during the fourth quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new position in Analog Devices in the first quarter valued at approximately $30,000. Hilton Head Capital Partners LLC acquired a new stake in Analog Devices during the fourth quarter worth approximately $26,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Analog Devices during the fourth quarter worth approximately $27,000. Finally, Entrust Financial LLC purchased a new stake in shares of Analog Devices during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ADI shares. Raymond James Financial restated an “outperform” rating and issued a $430.00 target price on shares of Analog Devices in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price target on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Arete Research upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 price objective for the company in a research note on Monday, March 30th. TD Cowen raised their price objective on Analog Devices from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Evercore reiterated an “outperform” rating and set a $474.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $439.79.

Analog Devices Stock Performance

NASDAQ ADI opened at $395.65 on Monday. The firm’s fifty day moving average is $408.87 and its two-hundred day moving average is $353.73. Analog Devices, Inc. has a one year low of $218.37 and a one year high of $445.91. 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 firm has a market cap of $192.72 billion, a PE ratio of 58.79, a P/E/G ratio of 1.11 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the firm earned $1.85 earnings per share. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Analysts expect that Analog Devices, Inc. will post 12.41 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.

Insider Buying and Selling

In other news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $411.95, for a total transaction of $411,950.00. Following the completion of the sale, the director owned 12,019 shares in the company, valued at $4,951,227.05. This represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $377.01, for a total value of $533,846.16. Following the sale, the director directly owned 117,343 shares of the company’s stock, valued at approximately $44,239,484.43. This represents a 1.19% 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 sold a total of 102,858 shares of company stock valued at $41,672,900 over the last 90 days. Insiders own 0.36% of the company’s stock.

More Analog Devices News

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

• Positive Sentiment: ADI continues to benefit from strong operating results, including a recent earnings beat, revenue growth of 37.2% year over year, and quarterly guidance that remains above prior expectations, which supports the stock’s longer-term outlook.
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple Buy ratings and an average price target above the current trading range, suggesting analysts still see upside in Analog Devices.
• Positive Sentiment: Earlier coverage highlighted a new $3.0 billion revolving credit facility and the company’s more than $1 billion Oregon facility expansion, both of which improve financial flexibility and reinforce long-term growth capacity. Analog Devices (ADI) Could Be 16% Undervalued As It Secures A $3.0b Credit Facility
• Neutral Sentiment: Recent market articles said ADI has generally outperformed the broader market, but also noted it lagged some semiconductor peers on certain trading days, pointing to steady but not decisive momentum. Analog Devices (ADI) Surpasses Market Returns: Some Facts Worth Knowing
• Negative Sentiment: Director Ray Stata sold 1,416 shares in a pre-arranged Rule 10b5-1 plan. The sale was disclosed and appears routine, but insider selling can still slightly weigh on investor sentiment. SEC Form 4 for Ray Stata transaction

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.