Analog Devices, Inc. $ADI Stock Sold by Pictet Asset Management Holding SA

08 Nov 2026, 06:07 by Amy Steele · The Cerbat Gem

Pictet Asset Management Holding SA cut its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,071,581 shares of the semiconductor company’s stock after selling 64,742 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Analog Devices were worth $425,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ADI. BlackRock Inc. purchased a new position in shares of Analog Devices in the second quarter worth about $18,610,868,000. Bank of America Corp DE bought a new position in shares of Analog Devices during the 2nd quarter valued at $3,573,081,000. Legal & General Group Plc purchased a new position in Analog Devices in the 2nd quarter worth approximately $1,525,167,000. Bank of New York Mellon Corp bought a new position in shares of Analog Devices during the second quarter valued at about $1,326,066,000. Finally, Primecap Management Co. CA purchased a new stake in Analog Devices in the second quarter worth $1,242,479,000. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the sale, the insider owned 40,428 shares in the company, valued at $16,437,216.24. This trade represents a 7.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the sale, the chief executive officer directly owned 115,460 shares of the company’s stock, valued at $45,830,692.40. This represents a 7.97% decrease in their position. 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. In the last ninety days, insiders sold 52,436 shares of company stock valued at $20,681,906. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Arete Research boosted their target price on shares of Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, August 20th. BMO Capital Markets assumed coverage on Analog Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $430.00 target price on the stock. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $430.00 to $465.00 in a research report on Wednesday, August 19th. The Goldman Sachs Group restated a “buy” rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Finally, KeyCorp upped their target price on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and an average price target of $460.55.

Read Our Latest Report on Analog Devices

Analog Devices Stock Up 0.7%

Shares of ADI opened at $363.56 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $176.17 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 0.88 and a beta of 1.24. The business’s 50 day moving average is $390.52 and its 200 day moving average is $373.48. 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, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. The business’s revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.

About Analog Devices

(Free Report)

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.