Baillie Gifford & Co. Trims Stock Position in Analog Devices, Inc. $ADI

Key Points

• Baillie Gifford trimmed its position in Analog Devices by 2.1% in Q4, selling 12,377 shares and now owning 568,465 shares worth about $154.17 million (0.12% of the company).
• Company insiders have been selling recently — including CAO Michael Sondel and CEO Vincent Roche — with insiders disposing of 30,449 shares (~$9.69 million) over the past 90 days, leaving insiders with roughly 0.36% ownership.
• Wall Street is increasingly bullish: several firms raised target prices (up to $400), the consensus rating is a "Moderate Buy" with an average target of ~$367.81, and ADI recently beat earnings estimates and raised its quarterly dividend to $1.10.

Baillie Gifford & Co. lowered its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 568,465 shares of the semiconductor company's stock after selling 12,377 shares during the period. Baillie Gifford & Co. owned 0.12% of Analog Devices worth $154,168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADI. JFS Wealth Advisors LLC lifted its position in Analog Devices by 9.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 390 shares of the semiconductor company's stock valued at $106,000 after acquiring an additional 35 shares during the period. Albion Financial Group UT increased its position in Analog Devices by 41.4% in the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company's stock worth $33,000 after buying an additional 36 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in Analog Devices by 0.5% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,369 shares of the semiconductor company's stock worth $2,270,000 after buying an additional 38 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its stake in shares of Analog Devices by 3.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,088 shares of the semiconductor company's stock worth $295,000 after purchasing an additional 39 shares in the last quarter. Finally, Fragasso Financial Advisors Inc increased its stake in shares of Analog Devices by 2.9% in the fourth quarter. Fragasso Financial Advisors Inc now owns 1,372 shares of the semiconductor company's stock worth $372,000 after purchasing an additional 39 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Michael Sondel sold 4,199 shares of the company's 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 completion of the sale, the chief accounting officer owned 14,740 shares of the company's stock, valued at approximately $5,321,434.80. This represents a 22.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $318.14, for a total value of $3,181,400.00. Following the completion of the sale, the chief executive officer owned 167,826 shares of the company's stock, valued at approximately $53,392,163.64. The trade was a 5.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 30,449 shares of company stock worth $9,687,054. 0.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ADI shares. Cantor Fitzgerald increased their target price on Analog Devices from $350.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 17th. Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, January 17th. Robert W. Baird set a $365.00 target price on shares of Analog Devices in a research note on Thursday, February 19th. Oppenheimer reaffirmed an "outperform" rating and set a $400.00 target price (up from $350.00) on shares of Analog Devices in a research note on Thursday, February 19th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $373.00 target price on shares of Analog Devices in a research note on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $367.81.

Analog Devices Stock Performance

NASDAQ ADI opened at $350.14 on Monday. The company has a fifty day simple moving average of $328.16 and a two-hundred day simple moving average of $285.76. The stock has a market cap of $170.94 billion, a P/E ratio of 64.01, a P/E/G ratio of 1.61 and a beta of 1.05. Analog Devices, Inc. has a 12-month low of $167.20 and a 12-month high of $363.20. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) 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 firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the business posted $1.63 earnings per share. The company's revenue for the quarter 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, analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, March 3rd. This is a positive change from Analog Devices's previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Analog Devices's dividend payout ratio (DPR) is presently 80.44%.

Analog Devices Company Profile

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.

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