Analog Devices, Inc.
In the published model solve dated 2026-Q2, anchored at $361.78, Analog Devices, Inc. (ADI) is priced for today's economics sustained for ~11.2 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Four end markets carry the business at once, with Industrial at 45% of revenue, Automotive at 30%, and Consumer and Communications at 13% each, so no single customer cycle sets the result. • The clearest specific risk is political rather than commercial: the 10-K warns that export restrictions mean the company could ⟦lose business to foreign competitors who are not subject to such export restrictions⟧, and that they may keep having ⟦direct and indirect adverse impacts on our revenues⟧. • Next
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2,049 institutional managers reported holding ADI in 13F filings for the quarter ended 2026-03-31. Together they hold about 82% of the company; the top 10 hold 37%. 244 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 12.0M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ADI's share count grew 32.3% over the past five years even with $11.87B spent on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 3 years straight; the current rate is $3.89 a share annually. Cash returned over the past three years: $5.60B in dividends and $5.23B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ADI over the trailing three years. Absence is a fact about the company, not a signal. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ADI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-24 | -1.7% | -7.4% |
| 2023-11-22 | -0.6% | +8.6% |
| 2024-02-22 | +1.3% | +3.1% |
| 2024-05-23 | +8.3% | -5.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ADI's latest 8-K filings: 2026-08-19 (items 2.02, 9.01); 2026-07-29 (items 8.01); 2026-07-02 (items 1.01, 2.03, 9.01); 2026-05-20 (items 2.02, 9.01); 2026-05-19 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.