Waverly Advisors 13F: Cuts Analog Devices (ADI) Stake by $1.2M

Waverly Advisors Trims Stake in Analog Devices

Waverly Advisors reduced its holdings in Analog Devices, Inc. (NasdaqGS: ADI) during the period, according to a Form 13F filing submitted to the Securities and Exchange Commission. The firm sold 2,928 shares of the semiconductor designer, marking a 5.56% reduction in its portfolio.

Position Details and Share Count

Prior to the adjustment, Waverly Advisors owned 52,664 shares of Analog Devices. Following the sale of 2,928 shares, the firm finished the reporting period with 49,736 shares. Based on the disclosed numbers, the remaining stake was valued at approximately $19.75 million. Because 13F filings look backward at portfolio choices made as of May 15, 2026, this report reflects past positioning and may not represent the firm's exact holdings today.

Stock Price Performance Context

Shares of Analog Devices trade near $397.18, sitting well above their 52-week low of $223.47 and below the 52-week peak of $445.91. The stock changes hands above its 50-day moving average of $382.95 and its 200-day moving average of $365.58. This pricing context helps frame portfolio moves by institutional investors who manage holdings across shifting market cycles.

Recent Quarterly Earnings

Analog Devices posted solid financial figures for its operations, generating $13.88 billion in revenue over the trailing period with a robust net margin of 29.8% and a return on equity of 12.2%. The company's trailing price-to-earnings ratio sits near 48.0, while the forward price-to-earnings ratio stands at 24.6. The chipmaker is scheduled to deliver its next round of financial updates on November 24, 2026.

Dividend Metrics

Income-focused investors track the company's dividend distribution, which offers an annual yield of 1.1%. The payout is supported by a dividend payout ratio of 49.6%, indicating that roughly half of the company's earnings go toward shareholder distributions.

Wall Street Analyst Updates

Analyst firms have stayed active with price targets and ratings for Analog Devices. On September 8, 2026, TD Cowen reiterated its buy rating on the stock with a price target of $460.00. Earlier in August, Baird maintained an outperform rating while raising its price target to $675.00, and BMO Capital initiated coverage with an outperform rating and a $430.00 target. Additional updates on August 20, 2026, included JP Morgan keeping an overweight rating with a $500.00 target, Morgan Stanley maintaining an overweight rating with a $458.00 target, Bernstein upgrading the stock to outperform with a $465.00 target, and Wells Fargo maintaining an overweight rating with a $500.00 target. Overall, the stock carries a consensus strong buy rating with a mean price target of $471.34 across 32 analyst opinions.

What Analog Devices Does

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits, software, and subsystems products globally. The Wilmington, Massachusetts-based company provides data converter products that translate real-world analog signals into digital data and vice versa. It also builds power management tools, amplifiers, radio frequency and microwave integrated circuits, and sensors used across industrial, automotive, consumer, and healthcare markets.

What's Ahead for Analog Devices, Inc.

Investors will look to upcoming SEC filings and the late November earnings report to see how institutional sentiment evolves. Market participants should remember that quarterly 13F filings capture historical snapshots of institutional ownership rather than real-time trading activity.