Rep. Jefferson Shreve Sells Off Shares of Analog Devices, Inc. (NASDAQ:ADI)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Analog Devices, Inc. (NASDAQ:ADI). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Analog Devices stock on May 12th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Hubbell (NYSE:HUBB) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Trane Technologies (NYSE:TT) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of NiSource (NYSE:NI) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Johnson & Johnson (NYSE:JNJ) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of AppLovin (NASDAQ:APP) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Fiserv (NYSE:FI) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of CNO Financial Group (NYSE:CNO) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Cboe Global Markets (NASDAQ:CBOE) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Lam Research (NASDAQ:LRCX) on 5/12/2025.

Analog Devices Stock Performance

NASDAQ ADI opened at $228.08 on Thursday. The company’s 50 day moving average is $230.63 and its 200-day moving average is $215.12. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The firm has a market cap of $113.18 billion, a P/E ratio of 62.15, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.73.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.15. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned $1.40 EPS. The company’s revenue was up 22.3% on a year-over-year basis. Sell-side analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices’s payout ratio is 107.90%.

Hedge Funds Weigh In On Analog Devices

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Analog Devices by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company’s stock valued at $9,975,681,000 after acquiring an additional 359,841 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Analog Devices by 26.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock valued at $2,304,098,000 after acquiring an additional 2,407,460 shares during the period. Geode Capital Management LLC boosted its holdings in Analog Devices by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 10,612,183 shares of the semiconductor company’s stock worth $2,248,971,000 after buying an additional 247,737 shares during the last quarter. Norges Bank acquired a new stake in Analog Devices in the 4th quarter worth about $1,755,958,000. Finally, FMR LLC boosted its holdings in shares of Analog Devices by 0.8% during the 4th quarter. FMR LLC now owns 7,450,018 shares of the semiconductor company’s stock worth $1,582,831,000 after purchasing an additional 61,390 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup reissued a “buy” rating and set a $290.00 price target (up from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Evercore ISI lifted their price target on shares of Analog Devices from $231.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, May 23rd. UBS Group decreased their price objective on Analog Devices from $285.00 to $280.00 and set a “buy” rating on the stock in a report on Monday, July 7th. Morgan Stanley decreased their price objective on Analog Devices from $214.00 to $212.00 and set an “overweight” rating on the stock in a report on Friday, May 23rd. Finally, KGI Securities started coverage on Analog Devices in a report on Friday, May 23rd. They issued a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total value of $1,968,400.00. Following the sale, the chief executive officer owned 142,996 shares of the company’s stock, valued at $28,147,332.64. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total transaction of $747,593.75. Following the transaction, the director owned 167,571 shares of the company’s stock, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,250 shares of company stock worth $3,327,994. Insiders own 0.33% of the company’s stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.