Conning Inc. Reduces Position in Analog Devices, Inc. $ADI

Conning Inc. reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 14.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,814 shares of the semiconductor company’s stock after selling 22,518 shares during the quarter. Conning Inc.’s holdings in Analog Devices were worth $33,124,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Impact Capital Partners LLC raised its stake in Analog Devices by 9.3% in the 3rd quarter. Impact Capital Partners LLC now owns 13,153 shares of the semiconductor company’s stock valued at $3,232,000 after purchasing an additional 1,118 shares during the last quarter. Procyon Advisors LLC grew its holdings in shares of Analog Devices by 4.0% during the third quarter. Procyon Advisors LLC now owns 1,288 shares of the semiconductor company’s stock worth $316,000 after buying an additional 49 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Analog Devices by 8.6% in the third quarter. Versant Capital Management Inc now owns 1,455 shares of the semiconductor company’s stock valued at $357,000 after buying an additional 115 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Analog Devices by 11.2% during the third quarter. Stephens Inc. AR now owns 3,592 shares of the semiconductor company’s stock valued at $882,000 after buying an additional 363 shares during the period. Finally, Ashton Thomas Securities LLC lifted its stake in shares of Analog Devices by 95.1% during the third quarter. Ashton Thomas Securities LLC now owns 2,092 shares of the semiconductor company’s stock valued at $507,000 after buying an additional 1,020 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Performance

Analog Devices stock opened at $297.99 on Thursday. The company has a market cap of $145.91 billion, a price-to-earnings ratio of 65.35, a price-to-earnings-growth ratio of 1.64 and a beta of 1.03. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $303.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. The stock’s 50-day moving average is $266.43 and its 200-day moving average is $249.20.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The company’s revenue was up 25.9% on a year-over-year basis. Equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) is currently 86.84%.

Insider Buying and Selling at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $230.21, for a total transaction of $719,406.25. Following the completion of the sale, the director directly owned 142,571 shares of the company’s stock, valued at approximately $32,821,269.91. This represents a 2.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $275.07, for a total value of $2,750,700.00. Following the completion of the sale, the chief executive officer owned 155,688 shares of the company’s stock, valued at approximately $42,825,098.16. This represents a 6.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 50,419 shares of company stock worth $13,399,592. Corporate insiders own 0.33% of the company’s stock.

Key Headlines Impacting Analog Devices

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

• Positive Sentiment: KeyCorp raised its Q1 2026 EPS model to $2.39, kept an Overweight rating and moved its price target to $375 — a clear analyst endorsement that supports upside expectations for ADI. KeyCorp note
• Positive Sentiment: Zacks highlights ADI’s growing automotive revenue as vehicle electronics and Level 2+ ADAS content increase, reinforcing a durable demand vector tied to software-defined cars. This thematic story supports a higher multiple and longer-term growth outlook. Will Vehicle Electronics Evolution Fuel ADI’s Automotive Growth?
• Positive Sentiment: Recent analyst coverage and target increases (Goldman Sachs, BNP Paribas Exane, Truist, Bank of America) and the company’s solid November earnings beat and strong revenue growth are keeping institutional sentiment constructive. Those upgrades help explain buying interest. Analog Devices Moves Higher as Super-Cycle Gains Momentum
• Neutral Sentiment: Momentum-focused write-ups (e.g., TipRanks/Zacks “momentum pick” pieces) are drawing attention but are more narrative-driven than fundamentals-driven; they may boost short-term flows but carry limited long-term informational value. Top Analog Devices Executive Makes Notable Move
• Negative Sentiment: Insider selling: SVP Katsufumi Nakamura sold 500 shares (avg. $301.46) recently, and SVP Martin Cotter sold 10,000 shares on Jan. 5 (avg. $278.44). While insider sales can be routine, the size and timing may create near-term investor concern about insider conviction. Insider Selling: Analog Devices SVP Sells Shares

Analyst Ratings Changes

Several analysts have commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 target price on shares of Analog Devices in a research note on Tuesday, December 16th. Robert W. Baird lifted their price objective on Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. upped their target price on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Stifel Nicolaus set a $280.00 price target on Analog Devices in a research note on Friday, November 21st. Finally, Piper Sandler set a $290.00 price objective on shares of Analog Devices in a research note on Tuesday, November 25th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $290.04.

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.