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

Representative Richard McCormick (Republican-Georgia) recently sold shares of Analog Devices, Inc. (NASDAQ:ADI). In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Analog Devices stock on July 30th. The trade occurred in the Representative’s “GROWTH PARTNERS ROTH IRA” account.

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

• Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Illinois Tool Works (NYSE:ITW) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/30/2026.

Analog Devices Stock Performance

Shares of ADI stock opened at $390.28 on Tuesday. The company has a fifty day moving average price of $390.93 and a two-hundred day moving average price of $369.88. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The stock has a market cap of $190.10 billion, a P/E ratio of 57.99, a P/E/G ratio of 1.01 and a beta of 1.20. 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 (NASDAQ:ADI) last issued its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the prior year, the firm earned $1.85 EPS. Analog Devices’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. As a group, equities analysts predict that Analog Devices, Inc. will post 12.42 EPS for the current year.

Insider Activity

In related news, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the transaction, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at $57,096,149.94. This trade represents a 17.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the transaction, the senior vice president owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. This represents a 23.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 105,274 shares of company stock valued at $42,247,986 in the last 90 days. 0.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Analog Devices

A number of hedge funds have recently bought and sold shares of ADI. Brighton Jones LLC grew its position in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after buying an additional 529 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Analog Devices by 36.0% in the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after purchasing an additional 464 shares during the period. Ieq Capital LLC increased its position in shares of Analog Devices by 38.0% in the second quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company’s stock worth $10,610,000 after purchasing an additional 12,276 shares during the period. HUB Investment Partners LLC acquired a new position in Analog Devices in the second quarter valued at about $644,000. Finally, Peapack Gladstone Financial Corp lifted its position in Analog Devices by 2.4% during the second quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company’s stock worth $14,322,000 after purchasing an additional 1,406 shares during the period. 86.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on ADI shares. Weiss Ratings lowered Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Wells Fargo & Company increased their price target on Analog Devices from $470.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Citigroup raised their price target on Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Evercore reaffirmed an “outperform” rating and set a $474.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Finally, Argus set a $460.00 price target on shares of Analog Devices in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $441.00.

Trending Headlines about Analog Devices

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

• Positive Sentiment: Analysts expect third-quarter earnings of approximately $3.33 per share, up sharply from $2.05 in the year-ago period. Several highly accurate analysts have revised or reaffirmed their forecasts ahead of the report, signaling confidence in ADI’s earnings momentum. Analog Devices analyst earnings forecast article
• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $550 price target, implying substantial potential upside from the referenced $390.28 level. The firm expects a possible “beat and raise” report. Cantor Fitzgerald Analog Devices rating article
• Positive Sentiment: Pre-earnings coverage highlights record revenue, expanding margins and free cash flow equal to roughly 36% of sales, reinforcing the view that ADI is benefiting from improving chip demand and operating leverage. Analog Devices stock and earnings article

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.

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.