Private Trust Co. NA trimmed its position in Analog Devices, Inc. (NASDAQ:ADI) by 8.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,005 shares of the semiconductor company’s stock after selling 1,514 shares during the quarter. Private Trust Co. NA’s holdings in Analog Devices were worth $2,482,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in ADI. United Bank acquired a new stake in shares of Analog Devices in the 3rd quarter valued at $251,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Analog Devices in the 3rd quarter valued at $563,000. Wealth Alliance raised its holdings in shares of Analog Devices by 5.0% in the 3rd quarter. Wealth Alliance now owns 1,794 shares of the semiconductor company’s stock valued at $209,000 after purchasing an additional 85 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Analog Devices during the 3rd quarter worth $1,351,000. Finally, CNH Partners LLC acquired a new stake in Analog Devices during the 3rd quarter worth $289,000. Institutional investors and hedge funds own 91.90% of the company’s stock.
ADI stock traded down $0.50 during trading on Friday, reaching $161.62. 20,058 shares of the company were exchanged, compared to its average volume of 3,060,507. The company has a market cap of $59.62 billion, a P/E ratio of 49.43, a PEG ratio of 2.26 and a beta of 1.31. Analog Devices, Inc. has a 52-week low of $96.05 and a 52-week high of $164.40. The stock’s 50 day moving average price is $154.62 and its 200 day moving average price is $142.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.40 and a current ratio of 1.84.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, February 16th. The semiconductor company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. Analog Devices had a net margin of 21.79% and a return on equity of 15.51%. During the same quarter in the previous year, the firm earned $1.03 earnings per share. As a group, equities research analysts forecast that Analog Devices, Inc. will post 5.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 9th. Investors of record on Friday, February 26th were issued a dividend of $0.69 per share. The ex-dividend date was Thursday, February 25th. This represents a $2.76 dividend on an annualized basis and a yield of 1.71%. This is an increase from Analog Devices’s previous quarterly dividend of $0.62. Analog Devices’s payout ratio is currently 56.21%.
Several equities research analysts recently commented on ADI shares. Argus lifted their price target on shares of Analog Devices from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Analog Devices from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Thursday, December 17th. Oppenheimer reiterated a “buy” rating and set a $175.00 price target on shares of Analog Devices in a research note on Thursday, February 11th. Raymond James lifted their price target on shares of Analog Devices from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. Finally, The Goldman Sachs Group raised their price objective on shares of Analog Devices from $156.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, December 14th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Analog Devices currently has a consensus rating of “Buy” and a consensus target price of $157.92.
In other Analog Devices news, CAO Michael Sondel sold 2,210 shares of Analog Devices stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $163.79, for a total transaction of $361,975.90. Also, SVP Gregory N. Henderson sold 14,557 shares of Analog Devices stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $154.60, for a total transaction of $2,250,512.20. Following the transaction, the senior vice president now owns 8,910 shares of the company’s stock, valued at approximately $1,377,486. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,958 shares of company stock worth $10,118,958. 0.42% of the stock is owned by insiders.
About Analog Devices
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.
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