Sumitomo Mitsui Trust Group Inc. Decreases Stake in Analog Devices, Inc. $ADI

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in Analog Devices by 2.6% in Q4, selling 44,570 shares and now owning 1,680,574 shares worth $455,772,000 (≈0.34% of ADI).
• Insiders have been net sellers recently: Director Ray Stata sold 3,125 shares at $317.30 and CEO Vincent Roche sold 10,000 shares at $306.92, with insiders offloading 30,449 shares (~$9.69M) over the last 90 days (insiders own ~0.36%).
• Company results and outlook: ADI beat estimates with $2.46 EPS vs $2.31 and $3.16B revenue (up 30.4% YoY), set Q2 guidance of $2.73–$3.03 EPS, raised its quarterly dividend to $1.10, and holds a consensus analyst price target near $367.81 with mostly Buy ratings.

Sumitomo Mitsui Trust Group Inc. reduced its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,680,574 shares of the semiconductor company's stock after selling 44,570 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.34% of Analog Devices worth $455,772,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Analog Devices by 0.3% in the third quarter. Vanguard Group Inc. now owns 50,389,306 shares of the semiconductor company's stock worth $12,380,652,000 after buying an additional 162,075 shares in the last quarter. State Street Corp lifted its position in shares of Analog Devices by 0.4% in the third quarter. State Street Corp now owns 23,399,046 shares of the semiconductor company's stock worth $5,749,146,000 after buying an additional 81,790 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Analog Devices by 6.3% in the second quarter. Ameriprise Financial Inc. now owns 6,326,772 shares of the semiconductor company's stock worth $1,506,448,000 after buying an additional 375,207 shares in the last quarter. Amundi lifted its position in shares of Analog Devices by 44.8% in the third quarter. Amundi now owns 6,215,129 shares of the semiconductor company's stock worth $1,507,740,000 after buying an additional 1,922,302 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Analog Devices by 10.1% in the third quarter. Van ECK Associates Corp now owns 5,886,294 shares of the semiconductor company's stock worth $1,446,262,000 after buying an additional 541,760 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $317.30, for a total transaction of $991,562.50. Following the transaction, the director owned 123,821 shares of the company's stock, valued at approximately $39,288,403.30. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $306.92, for a total value of $3,069,200.00. Following the transaction, the chief executive officer directly owned 155,688 shares in the company, valued at approximately $47,783,760.96. This represents a 6.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 30,449 shares of company stock valued at $9,687,054. 0.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ADI. Robert W. Baird set a $365.00 price objective on Analog Devices in a research report on Thursday, February 19th. Jefferies Financial Group restated a "buy" rating and set a $410.00 price objective on shares of Analog Devices in a research report on Thursday, February 19th. Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, January 17th. The Goldman Sachs Group upped their price objective on Analog Devices from $300.00 to $370.00 and gave the company a "buy" rating in a research report on Wednesday, February 18th. Finally, Susquehanna upped their price objective on Analog Devices from $360.00 to $400.00 and gave the company a "positive" rating in a research report 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $367.81.

Analog Devices Trading Down 0.3%

Shares of ADI stock opened at $350.14 on Friday. Analog Devices, Inc. has a 1 year low of $167.20 and a 1 year high of $363.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35. The stock's 50 day simple moving average is $328.16 and its two-hundred day simple moving average is $285.50. The company has a market cap of $170.94 billion, a PE ratio of 64.01, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.15. The firm had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The company's quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The firm also recently announced 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 is a positive change from Analog Devices's previous quarterly dividend of $0.99. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, March 3rd. Analog Devices's payout ratio is currently 80.44%.

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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