Calamos Wealth Management LLC Sells 52,294 Shares of Analog Devices, Inc. $ADI

Calamos Wealth Management LLC trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 98.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 683 shares of the semiconductor company’s stock after selling 52,294 shares during the quarter. Calamos Wealth Management LLC’s holdings in Analog Devices were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Riverbend Wealth Management LLC raised its holdings in shares of Analog Devices by 2.2% in the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock valued at $396,000 after acquiring an additional 27 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Analog Devices by 12.0% during the first quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 30 shares in the last quarter. 1620 Investment Advisors Inc. increased its position in shares of Analog Devices by 5.0% in the fourth quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock worth $182,000 after purchasing an additional 32 shares during the last quarter. Covestor Ltd increased its position in shares of Analog Devices by 14.1% in the fourth quarter. Covestor Ltd now owns 275 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 34 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC raised its stake in Analog Devices by 3.4% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 1,026 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 34 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Cowen lifted their target price on shares of Analog Devices from $450.00 to $460.00 and gave the company a “buy” rating in a research report on Monday. KeyCorp increased their price target on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Tuesday. Truist Financial raised their price objective on shares of Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. lifted their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Cantor Fitzgerald upped their target price on shares of Analog Devices from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $441.00.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the transaction, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray Stata sold 1,432 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total value of $573,988.56. Following the transaction, the director directly owned 120,175 shares in the company, valued at $48,169,745.25. This trade represents a 1.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 103,858 shares of company stock worth $42,062,730 in the last 90 days. 0.36% of the stock is owned by company insiders.

Key Headlines Impacting Analog Devices

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

• Positive Sentiment: KeyCorp raised earnings estimates across multiple periods for Analog Devices and kept an Overweight rating with a $525 price target, signaling stronger expected profitability and demand. The Zacks Analyst Blog Highlights NVIDIA, Oracle, Analog Devices and Regis
• Positive Sentiment: Analysts highlighted Analog Devices alongside other semiconductor names benefiting from AI demand, cloud growth, and industrial recovery, which supports the market’s growth narrative for ADI. The Zacks Analyst Blog Highlights NVIDIA, Oracle, Analog Devices and Regis
• Positive Sentiment: Reports noted that ADI’s new $3 billion revolving credit facility and planned Empower Semiconductor acquisition strengthen liquidity and could help fund expansion in industrial and AI data center markets. Does ADI’s New US$3 Billion Credit Line and AI Power Deal Reshape Its Growth Narrative?
• Positive Sentiment: Investor-focused coverage says Analog Devices is back in focus as the company continues to benefit from improved semiconductor sentiment and recurring interest in AI-enabled analog chip demand. Why Is Analog Devices (NASDAQ:ADI) Back In Focus?
• Neutral Sentiment: Recent commentary comparing ADI with STMicroelectronics reinforces that Analog Devices remains a prominent name in the AI, automotive, and industrial chip themes, but it does not appear to change the near-term thesis materially. STM vs. ADI: Which Semiconductor Stock Looks More Attractive Now?
• Negative Sentiment: Director Karen Golz sold 1,000 shares under a pre-arranged trading plan. While routine, insider selling can slightly pressure sentiment in the short term. Analog Devices (NASDAQ:ADI) Director Sells $389,830.00 in Stock

Analog Devices Stock Down 2.7%

Shares of ADI opened at $380.53 on Friday. The firm has a market cap of $185.35 billion, a P/E ratio of 56.54, a P/E/G ratio of 1.09 and a beta of 1.18. The stock has a 50 day simple moving average of $407.25 and a two-hundred day simple moving average of $356.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. Analog Devices, Inc. has a 1 year low of $218.37 and a 1 year high of $445.91.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.89 by $0.20. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business’s revenue was up 37.2% compared to the same quarter last year. During the same period last year, the firm posted $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, analysts forecast that Analog Devices, Inc. will post 12.43 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is currently 65.38%.

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.