Compass Ion Advisors LLC Reduces Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Compass Ion Advisors LLC cut its position in Analog Devices, Inc. (NASDAQ:ADI) by 40.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,488 shares of the semiconductor company’s stock after selling 2,363 shares during the quarter. Compass Ion Advisors LLC’s holdings in Analog Devices were worth $690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Analog Devices by 4.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,438 shares of the semiconductor company’s stock valued at $98,531,000 after buying an additional 21,522 shares during the last quarter. Point72 Italy S.r.l. acquired a new position in Analog Devices during the 4th quarter worth $6,367,000. Grayhawk Investment Strategies Inc. acquired a new position in Analog Devices during the 4th quarter worth $850,000. CTC Alternative Strategies Ltd. bought a new stake in shares of Analog Devices in the 4th quarter worth about $1,152,000. Finally, Capital International Investors lifted its position in shares of Analog Devices by 5.8% during the fourth quarter. Capital International Investors now owns 4,510,652 shares of the semiconductor company’s stock worth $895,702,000 after purchasing an additional 246,799 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the transaction, the executive vice president now owns 69,241 shares in the company, valued at $16,198,239.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director James Champy sold 4,200 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $233.55, for a total transaction of $980,910.00. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $1,487,947.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $233.94, for a total value of $4,120,151.28. Following the completion of the transaction, the executive vice president now directly owns 69,241 shares in the company, valued at $16,198,239.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,121 shares of company stock valued at $8,901,654. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

ADI has been the topic of a number of research reports. KeyCorp increased their target price on shares of Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Oppenheimer raised their target price on shares of Analog Devices from $215.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Thursday, May 23rd. JPMorgan Chase & Co. increased their price target on Analog Devices from $220.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Finally, Sanford C. Bernstein boosted their price objective on Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a research report on Thursday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $243.23.

Analog Devices Stock Performance

Shares of ADI stock opened at $228.26 on Monday. The company has a market capitalization of $113.27 billion, a price-to-earnings ratio of 53.33, a P/E/G ratio of 3.85 and a beta of 1.08. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $241.88. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $220.13 and its 200-day simple moving average is $202.72.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.26 by $0.14. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The firm’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same period last year, the company posted $2.83 earnings per share. On average, sell-side analysts predict that Analog Devices, Inc. will post 6.24 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

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

About Analog Devices

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.