Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by RFG Advisory LLC

RFG Advisory LLC decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 9.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,184 shares of the semiconductor company’s stock after selling 344 shares during the period. RFG Advisory LLC’s holdings in Analog Devices were worth $630,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ADI. Clearbridge Investments LLC lifted its position in shares of Analog Devices by 36.5% in the third quarter. Clearbridge Investments LLC now owns 2,780 shares of the semiconductor company’s stock valued at $487,000 after acquiring an additional 744 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Analog Devices by 26.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,145 shares of the semiconductor company’s stock worth $200,000 after buying an additional 236 shares during the period. Operose Advisors LLC lifted its position in Analog Devices by 116.2% during the third quarter. Operose Advisors LLC now owns 1,081 shares of the semiconductor company’s stock worth $189,000 after buying an additional 581 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Analog Devices by 10.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 27,763 shares of the semiconductor company’s stock worth $4,861,000 after buying an additional 2,709 shares during the period. Finally, Mutual Advisors LLC lifted its position in Analog Devices by 21.4% during the third quarter. Mutual Advisors LLC now owns 2,493 shares of the semiconductor company’s stock worth $437,000 after buying an additional 440 shares during the period. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. UBS Group increased their target price on Analog Devices from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Jefferies Financial Group assumed coverage on Analog Devices in a research report on Monday, May 13th. They set a “buy” rating and a $250.00 target price on the stock. Stifel Nicolaus increased their target price on Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, May 20th. Morgan Stanley increased their target price on Analog Devices from $221.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Finally, Cantor Fitzgerald raised their price objective on Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus price target of $243.23.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total value of $1,970,600.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $10,057,745.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total value of $1,970,600.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $10,057,745.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the transaction, the executive vice president now owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,121 shares of company stock worth $10,875,654. 0.31% of the stock is currently owned by corporate insiders.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $228.46 on Tuesday. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $241.88. The business has a 50 day moving average price of $216.90 and a two-hundred day moving average price of $201.63. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. The firm has a market cap of $113.37 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 3.87 and a beta of 1.12.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.14. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the firm earned $2.83 EPS. Analog Devices’s quarterly revenue was down 33.8% on a year-over-year basis. Sell-side analysts expect that Analog Devices, Inc. will post 6.24 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th were given a $0.92 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.61%. Analog Devices’s payout ratio is 85.98%.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.