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

Lwmg LLC reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,060 shares of the semiconductor company’s stock after selling 995 shares during the period. Analog Devices accounts for about 0.7% of Lwmg LLC’s investment portfolio, making the stock its 20th biggest holding. Lwmg LLC’s holdings in Analog Devices were worth $3,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in ADI. Peoples Bank KS acquired a new stake in shares of Analog Devices in the 3rd quarter worth about $1,633,000. Czech National Bank grew its position in Analog Devices by 7.0% in the 3rd quarter. Czech National Bank now owns 101,084 shares of the semiconductor company’s stock worth $23,267,000 after purchasing an additional 6,584 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Analog Devices by 20.8% in the third quarter. Central Pacific Bank Trust Division now owns 1,271 shares of the semiconductor company’s stock valued at $293,000 after purchasing an additional 219 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in shares of Analog Devices by 10.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,597 shares of the semiconductor company’s stock valued at $368,000 after buying an additional 150 shares during the last quarter. Finally, Trust Co. of Toledo NA OH boosted its position in shares of Analog Devices by 0.7% during the third quarter. Trust Co. of Toledo NA OH now owns 18,531 shares of the semiconductor company’s stock worth $4,265,000 after buying an additional 134 shares during the period. 86.81% of the stock is owned by institutional investors.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at approximately $11,640,975.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Edward H. Frank sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the transaction, the director now directly owns 4,748 shares of the company’s stock, valued at approximately $1,078,935.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $11,640,975.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,495 shares of company stock valued at $20,794,658 over the last quarter. Company insiders own 0.31% of the company’s stock.

Analog Devices Trading Up 0.7 %

ADI traded up $1.67 during trading on Friday, reaching $228.23. The company had a trading volume of 1,895,235 shares, compared to its average volume of 3,302,632. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.24 and a current ratio of 1.69. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $244.14. The company has a market cap of $113.25 billion, a price-to-earnings ratio of 53.32, a PEG ratio of 3.75 and a beta of 1.07. The firm’s 50-day simple moving average is $222.83 and its 200 day simple moving average is $218.35.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the business earned $2.49 earnings per share. The firm’s revenue was down 24.8% compared to the same quarter last year. Equities research analysts anticipate that Analog Devices, Inc. will post 6.34 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.61%. Analog Devices’s payout ratio is currently 85.98%.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays raised their target price on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Morgan Stanley increased their target price on shares of Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Bank of America dropped their price target on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $249.80.

Analog Devices 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.