Gateway Investment Advisers LLC Sells 13,711 Shares of Analog Devices, Inc. $ADI

Key Points

• Gateway Investment Advisers LLC trimmed its stake in Analog Devices by 11.1%, selling 13,711 shares and leaving 110,051 shares valued at about $29.85 million, while institutional ownership stands around 86.8%.
• Insiders have sold 24,199 shares in the last 90 days, including CAO Michael Sondel and CEO Vincent Roche (10,000 shares sold under a Rule 10b5‑1 plan), leaving insiders with roughly 0.36% ownership.
• Analog Devices beat quarterly EPS and revenue estimates and set Q2 EPS guidance of $2.73–$3.03, prompting analyst upgrades, but the stock trades at an elevated P/E (~76) and has a high dividend payout ratio (~80%).

Gateway Investment Advisers LLC lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,051 shares of the semiconductor company's stock after selling 13,711 shares during the quarter. Gateway Investment Advisers LLC's holdings in Analog Devices were worth $29,846,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its position in Analog Devices by 12.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 169,572 shares of the semiconductor company's stock valued at $41,907,000 after acquiring an additional 19,383 shares in the last quarter. SG Americas Securities LLC lifted its position in Analog Devices by 684.6% in the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company's stock valued at $211,871,000 after acquiring an additional 752,411 shares in the last quarter. Nordea Investment Management AB lifted its position in Analog Devices by 247.3% in the 4th quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company's stock valued at $95,802,000 after acquiring an additional 249,702 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Analog Devices by 18.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 20,734 shares of the semiconductor company's stock valued at $5,094,000 after acquiring an additional 3,286 shares in the last quarter. Finally, AE Wealth Management LLC increased its stake in Analog Devices by 26.4% in the 3rd quarter. AE Wealth Management LLC now owns 43,932 shares of the semiconductor company's stock valued at $10,795,000 after buying an additional 9,174 shares during the last quarter. Institutional investors own 86.81% of the company's stock.

Insider Activity at Analog Devices

In other news, CAO Michael Sondel sold 4,199 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $5,321,434.80. This trade represents a 22.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $397.91, for a total transaction of $3,979,100.00. Following the sale, the chief executive officer owned 187,538 shares of the company's stock, valued at approximately $74,623,245.58. The trade was a 5.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 24,199 shares of company stock valued at $8,676,423. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ADI shares. Weiss Ratings lowered shares of Analog Devices from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, April 6th. JPMorgan Chase & Co. increased their price objective on shares of Analog Devices from $320.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday, February 19th. Robert W. Baird set a $365.00 price objective on shares of Analog Devices in a research note on Thursday, February 19th. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, January 17th. Finally, Barclays increased their price objective on shares of Analog Devices from $375.00 to $430.00 and gave the company an "overweight" rating in a research note on Thursday, February 19th. Three equities 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $370.69.

Analog Devices Trading Up 2.7%

Shares of ADI stock opened at $415.65 on Thursday. The company has a 50 day moving average of $343.76 and a 200-day moving average of $301.72. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 12-month low of $195.69 and a 12-month high of $416.00. The firm has a market cap of $202.92 billion, a P/E ratio of 75.99, a PEG ratio of 1.63 and a beta of 1.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results 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 net margin of 23.02% and a return on equity of 12.49%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business posted $1.63 EPS. Analog Devices's quarterly revenue 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. Sell-side analysts anticipate that Analog Devices, Inc. will post 11.35 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, March 3rd. This is an increase from Analog Devices's previous quarterly dividend of $0.99. Analog Devices's dividend payout ratio (DPR) is 80.44%.

Analog Devices News Summary

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

• Positive Sentiment: Analyst upgrades and higher forecasts ahead of earnings — Multiple brokerages have raised price targets and EPS/revenue expectations, lifting sentiment into the company’s upcoming report. Analog Devices Is Up After Analyst Upgrades
• Positive Sentiment: Recent fundamentals and guidance support the bullish case — ADI beat estimates in February, reported revenue growth and set Q2 EPS guidance that implies continued strength; analysts point to durable end-market demand. MarketBeat ADI Coverage
• Positive Sentiment: Long-term growth narrative intact — independent analysis (Seeking Alpha) highlights ADI’s stronger growth outlook vs. peers, supporting investor enthusiasm for exposure to analog/datas and industrial AI end-markets. Analog Devices Growth Outlook
• Neutral Sentiment: Insider sale by the CEO was pre-arranged — CEO Vincent Roche sold 10,000 shares under a Rule 10b5‑1 plan; such planned sales often reflect diversification or compensation liquidity rather than a change in company prospects. Insider Trade Filing
• Neutral Sentiment: High institutional ownership — ~87% of stock held by institutions can dampen short-term volatility but concentrates upside/downside around large holders’ flows. MarketBeat Institutional Data
• Negative Sentiment: Valuation and payout risks — ADI’s P/E is elevated (reflecting strong forward expectations) and its dividend payout ratio is high; a miss or weaker forward guide could trigger sharper multiple compression.
• Negative Sentiment: Divergent analyst views exist — while many firms raised targets, there are some downgrades/holds (e.g., Weiss Ratings) that highlight differing risk/reward opinions ahead of the print.

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.

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