Payden & Rygel Decreases Stock Holdings in Analog Devices, Inc. $ADI

Posted by Brian Himes on May 19th, 2026

Analog Devices logo Payden & Rygel trimmed its position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,000 shares of the semiconductor company’s stock after selling 2,300 shares during the quarter. Analog Devices accounts for approximately 1.2% of Payden & Rygel’s holdings, making the stock its 26th biggest holding. Payden & Rygel’s holdings in Analog Devices were worth $17,899,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ADI. Amundi increased its stake in shares of Analog Devices by 44.8% in the third quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock worth $1,507,740,000 after buying an additional 1,922,302 shares during the period. Raymond James Financial Inc. increased its stake in shares of Analog Devices by 29.2% in the third quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock worth $1,186,714,000 after buying an additional 1,091,004 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Analog Devices by 3,456.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,059,726 shares of the semiconductor company’s stock worth $287,398,000 after buying an additional 1,029,927 shares during the period. Rafferty Asset Management LLC increased its holdings in Analog Devices by 47.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,802,338 shares of the semiconductor company’s stock valued at $428,992,000 after purchasing an additional 580,546 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Analog Devices by 10.1% during the 3rd quarter. Van ECK Associates Corp now owns 5,886,294 shares of the semiconductor company’s stock valued at $1,446,262,000 after purchasing an additional 541,760 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices News Summary

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

Positive Sentiment: Investors are looking ahead to Analog Devices’ upcoming quarterly results, with articles highlighting expected strength in AI data center demand, robotics, and optical networking as potential drivers for another solid report. Article Title
Positive Sentiment: Reuters and other reports said Analog Devices is in advanced talks to buy Empower Semiconductor for about $1.5 billion, a move that could strengthen ADI’s power-management lineup for AI processors and data-center infrastructure. Article Title
Positive Sentiment: Stifel noted that Analog Devices is benefiting from broader analog-chip tailwinds ahead of earnings, reinforcing the view that fundamentals in the sector remain constructive. Article Title
Neutral Sentiment: Several market preview pieces framed ADI as a stock near its highs and discussed whether it remains a buy before earnings, which suggests investor interest is elevated but does not add a clear new catalyst. Article Title
Neutral Sentiment: Video and commentary on the industrial semiconductor outlook described ADI as an important infrastructure name, but also pointed to near-term industry challenges, making the takeaway mixed rather than decisive. Article Title
Negative Sentiment: There were also broad market headlines about softer oil and lower futures, which could weigh on sentiment for cyclical chip names, though this is not specific to Analog Devices. Article Title

Analog Devices Stock Performance

Analog Devices stock opened at $418.58 on Tuesday. 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 company has a market capitalization of $204.35 billion, a P/E ratio of 76.52, a PEG ratio of 1.68 and a beta of 1.19. The stock’s 50 day moving average is $355.22 and its 200 day moving average is $311.74. Analog Devices, Inc. has a twelve month low of $206.00 and a twelve month high of $435.72.

Analog Devices (NASDAQ:ADI – Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.15. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. On average, equities research analysts predict that Analog Devices, Inc. will post 11.35 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $397.91, for a total transaction of $3,979,100.00. Following the sale, the chief executive officer directly owned 187,538 shares of the company’s stock, valued at approximately $74,623,245.58. This represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Sondel sold 4,199 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the sale, the chief accounting officer directly owned 14,740 shares in the company, valued at $5,321,434.80. This trade represents a 22.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,199 shares of company stock worth $8,676,423 over the last three months. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Analog Devices from $320.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Citigroup restated a “buy” rating on shares of Analog Devices in a report on Thursday, February 19th. UBS Group boosted their price target on Analog Devices from $400.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Wall Street Zen downgraded Analog Devices from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley reissued an “overweight” rating and set a $373.00 price objective on shares of Analog Devices in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $381.27.

Read Our Latest Research Report on ADI

Analog Devices Company Profile

(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.