Rep. Rick Larsen (D-WA) Buys Analog Devices (ADI) Stock

Rick Larsen, a Democratic Representative from Washington's 2nd district, bought shares of Analog Devices, Inc. (ADI) valued between $1,001 and $15,000 on October 8, 2026. This transaction was disclosed in a periodic transaction report filed under the STOCK Act on October 12, 2026.

What Changed in Larsen's Analog Devices Position

Larsen's latest purchase adds to his stake in Analog Devices, a company that designs and manufactures integrated circuits and subsystems.

Other Institutional Activity in Analog Devices

Several funds have shown interest in Analog Devices recently. Blackrock Inc. increased its holdings by 3,746,454 shares, totaling 46,858,696 shares valued at about $18.5 billion. Vanguard Capital Management LLC added 111,088 shares to reach 31,850,408 shares worth approximately $12.6 billion. State Street Corporation grew its position by 601,844 shares, now holding 23,660,999 shares valued at about $9.4 billion. Invesco Ltd. also increased its stake by 201,754 shares, bringing its total to 17,014,597 shares valued at about $6.7 billion, while JPMorgan Chase & Co. reduced its holdings by 3,841,640 shares, ending with 16,890,363 shares valued at approximately $6.7 billion.

Analog Devices, Inc. Stock Down 2.0%

As of October 16, 2026, Analog Devices shares were recently trading around $398.80, which is about 4.1% above its 50-day moving average of $382.95 and 9.1% above its 200-day average of $365.58. The stock is currently about 10.6% below its 52-week high of $445.91 but is significantly above its low of $223.47, indicating strong performance in the semiconductor sector.

Recent Earnings

For the trailing twelve months, Analog Devices reported revenue of approximately $13.9 billion, with an impressive year-over-year revenue growth of 39.6%. The company's net margin stands at 29.8%, and it has a return on equity of 12.2%. The next earnings report is set for November 24, 2026.

Insider Buying and Selling at Analog Devices, Inc.

Recent insider transactions include several sales by executives. Katsufumi Nakamura, an officer, sold 1,200 shares on October 2, 2026, at an average price of $415.02, totaling about $498,029. Vivek Jain, the Chief Operating Officer, sold 2,000 shares on the same date at $416.98, valued at approximately $833,962. Chief Financial Officer Richard C. Puccio Jr. sold 1,500 shares on October 6, 2026, at $421.08, totaling about $631,620. Lastly, Director Raymond S. Stata sold 2,832 shares on October 7, 2026, valued at around $1.17 million.

Analysts Set New Price Targets

Analysts have maintained positive outlooks on Analog Devices. On August 20, 2026, JP Morgan maintained an Overweight rating with a price target of $500, while Morgan Stanley also maintained an Overweight rating with a target of $458. BMO Capital initiated coverage with an Outperform rating and a target of $430 on August 21, and Baird maintained an Outperform rating with a target of $675 on August 24. TD Cowen reiterated a Buy rating with a target of $460 on September 8.

About Analog Devices

Analog Devices, Inc. specializes in designing and manufacturing integrated circuits and subsystems for various applications. With a strong focus on the semiconductor industry, the company offers innovative solutions in areas like communications, automotive, and healthcare, making it a key player in technology.

Bottom Line

Investors should watch for Analog Devices' next earnings report on November 24, 2026. Larsen's recent purchase adds to the interest in the stock, especially as institutional investors adjust their positions in the semiconductor market.