Analog Devices (NASDAQ:ADI) Shares Unloaded Rep. Richard McCormick

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 Price Performance

NASDAQ:ADI traded down $17.82 during trading hours on Tuesday, hitting $372.46. The company’s stock had a trading volume of 971,883 shares, compared to its average volume of 4,171,571. The company has a market capitalization of $181.42 billion, a P/E ratio of 55.45, a PEG 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, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The stock has a fifty day simple moving average of $390.93 and a 200-day simple moving average of $369.88.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share 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 the consensus estimate of $3.51 billion. During the same period last year, the company posted $1.85 EPS. The firm’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. On average, analysts anticipate that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.

Key Headlines Impacting Analog Devices

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

• Positive Sentiment: Analysts expect quarterly earnings of approximately $3.33 per share, up sharply from $2.05 in the year-ago period. Several highly accurate analysts recently revised their forecasts, reinforcing expectations for strong results. Analog Devices likely to report higher Q3 earnings
• Positive Sentiment: Investor enthusiasm is supported by Analog Devices’ record revenue, expanding margins and free cash flow equal to roughly 36% of sales, suggesting continued operating momentum heading into the report. Analog Devices stock rises as earnings target approaches
• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $550 price target, implying substantial upside from recent trading levels. The firm reportedly expects a potential “beat and raise” quarter. Cantor Fitzgerald reiterates Overweight rating
• Neutral Sentiment: Options markets are pricing in a relatively modest earnings-related move, indicating that investors anticipate volatility but are not positioning for an unusually large swing. Analog Devices earnings could trigger a move
• Negative Sentiment: ADI’s strong run-up and elevated valuation increase the risk of a “sell-the-news” reaction if earnings, revenue or forward guidance fail to exceed already-optimistic expectations. Investors will closely watch whether management raises its outlook.

Wall Street Analysts Forecast Growth

ADI has been the subject of several research analyst reports. Citigroup lifted their price objective on Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Truist Financial increased their price objective on shares of Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a research note on Wednesday, May 20th. Fundamental Research set a $550.00 target price on Analog Devices in a research note on Monday, June 29th. Finally, Robert W. Baird upped their price objective on Analog Devices from $365.00 to $450.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and a consensus price target of $441.00.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the transaction, the chief executive officer owned 137,538 shares of the company’s stock, valued at $57,096,149.94. This represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the sale, the senior vice president owned 56,332 shares in the company, 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 have sold 105,274 shares of company stock worth $42,247,986 in the last quarter. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ADI. Banque Transatlantique SA purchased a new position in Analog Devices in the 4th quarter worth approximately $25,000. Contravisory Investment Management Inc. purchased a new stake in Analog Devices during the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC bought a new stake in Analog Devices in the 2nd quarter worth $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of Analog Devices in the fourth quarter valued at about $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Analog Devices during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

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.