McGuire Investment Group Trims Analog Devices Stake Despite Strong Earnings Beat

Key Facts

1McGuire Investment Group LLC reduced its stake in Analog Devices by 4.8% during the fourth quarter.

2Analog Devices beat EPS and revenue estimates for Q4 and provided positive Q2 guidance.

3The average analyst price target for ADI stands at $370.69 with a 'Moderate Buy' consensus rating.

Institutional divestment in Analog Devices (ADI) has broadened, with Dupont Capital Management reducing its stake by 21.4% to 36,793 shares valued at $9.98 million, following a similar 4.8% reduction by McGuire Investment Group. Beyond the tech sector, Dupont Capital also cut its position in Freeport-McMoRan (FCX) by 35.5%, a move accompanied by significant insider selling totaling $35.8 million. Additionally, the firm decreased its holdings in S&P Global (SPGI) by 11.8%, despite analysts maintaining a 'Buy' rating and a price target of $558.47. For its part, S&P Global issued strong FY2026 guidance, forecasting earnings per share between $19.40 and $19.65. These collective adjustments, which include previous trims in Dover and Sumitomo Mitsui positions, highlight a strategic shift among institutional investors despite positive long-term fundamental outlooks for the underlying companies.

6 months ago

Version History

Version 26 months ago

What changed: Updated the story to include new reports of Dupont Capital Management trimming stakes in Analog Devices, Freeport-McMoRan, and S&P Global, along with details on insider selling and future EPS guidance.

Version 16 months ago

What changed: Updated the story to include Sumitomo Mitsui's sale of ADM shares, insider selling activity at First Solar, and the reduction of the stake in Dover Corporation.