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

10 Apr 2026, 00:12 by Mitch Edgeman · The Markets Daily

Representative Richard McCormick (Republican-Georgia) recently sold shares of Analog Devices, Inc. (NASDAQ:ADI). In a filing disclosed on April 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Analog Devices stock on March 19th. The trade occurred in the Representative’s “GROWTH PARTNERS ROTH IRA” account.

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

Purchased $1,001 – $15,000 in shares of Automatic Data Processing (NASDAQ:ADP) on 3/19/2026.
Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 3/19/2026.
Purchased $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 3/19/2026.
Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 3/19/2026.
Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/19/2026.
Sold $1,001 – $15,000 in shares of Automatic Data Processing (NASDAQ:ADP) on 3/19/2026.
Purchased $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 3/19/2026.
Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 3/19/2026.
Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 3/19/2026.
Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 3/19/2026.

Analog Devices Stock Up 1.5%

Shares of Analog Devices stock traded up $5.15 on Thursday, reaching $351.36. The stock had a trading volume of 2,927,395 shares, compared to its average volume of 4,026,865. Analog Devices, Inc. has a 1 year low of $167.20 and a 1 year high of $363.20. The company has a 50 day moving average price of $326.72 and a 200 day moving average price of $284.05. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $171.53 billion, a P/E ratio of 64.23, a P/E/G ratio of 1.46 and a beta of 1.05.

Analog Devices (NASDAQ:ADI – Get Free Report) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.15. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. Analog Devices’s revenue was up 30.4% compared to the same quarter last year. During the same period last year, the firm earned $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, March 3rd. This is an increase from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s payout ratio is presently 80.44%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $317.30, for a total transaction of $991,562.50. Following the completion of the transaction, the director owned 123,821 shares in the company, valued at approximately $39,288,403.30. This trade represents a 2.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $318.14, for a total value of $3,181,400.00. Following the completion of the transaction, the chief executive officer directly owned 167,826 shares of the company’s stock, valued at approximately $53,392,163.64. This trade represents a 5.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 30,949 shares of company stock worth $9,837,784 over the last ninety days. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ADI. Bank of America boosted their target price on Analog Devices from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Needham & Company LLC raised Analog Devices from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research report on Thursday, February 19th. Wells Fargo & Company upped their target price on Analog Devices from $340.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Evercore reaffirmed an “outperform” rating and set a $387.00 target price on shares of Analog Devices in a research report on Thursday, February 19th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 price objective (up from $350.00) on shares of Analog Devices in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $367.81.

Check Out Our Latest Research Report on ADI

Hedge Funds Weigh In On Analog Devices

Hedge funds and other institutional investors have recently modified their holdings of the stock. 1620 Investment Advisors Inc. boosted its position in Analog Devices by 5.0% in the fourth quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock valued at $182,000 after buying an additional 32 shares during the last quarter. Covestor Ltd raised its position in Analog Devices by 14.1% during the 4th quarter. Covestor Ltd now owns 275 shares of the semiconductor company’s stock worth $75,000 after buying an additional 34 shares during the last quarter. Maia Wealth LLC raised its position in Analog Devices by 2.0% during the 4th quarter. Maia Wealth LLC now owns 1,720 shares of the semiconductor company’s stock worth $466,000 after buying an additional 34 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in Analog Devices by 9.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 390 shares of the semiconductor company’s stock valued at $106,000 after acquiring an additional 35 shares during the period. Finally, Albion Financial Group UT lifted its stake in Analog Devices by 41.4% during the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 36 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

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

(Get Free Report)

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.