Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Taurus Asset Management LLC

Taurus Asset Management LLC reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 30.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,733 shares of the semiconductor company’s stock after selling 1,200 shares during the period. Taurus Asset Management LLC’s holdings in Analog Devices were worth $543,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. acquired a new stake in shares of Analog Devices during the third quarter worth about $123,000. PFG Investments LLC grew its holdings in Analog Devices by 17.4% during the third quarter. PFG Investments LLC now owns 1,331 shares of the semiconductor company’s stock worth $233,000 after acquiring an additional 197 shares during the period. Sigma Planning Corp increased its holdings in shares of Analog Devices by 18.9% in the 3rd quarter. Sigma Planning Corp now owns 2,540 shares of the semiconductor company’s stock valued at $445,000 after purchasing an additional 404 shares in the last quarter. Wealthspire Advisors LLC lifted its position in shares of Analog Devices by 448.2% during the 3rd quarter. Wealthspire Advisors LLC now owns 6,260 shares of the semiconductor company’s stock valued at $1,096,000 after acquiring an additional 5,118 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Analog Devices by 7.4% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 499,916 shares of the semiconductor company’s stock worth $87,530,000 after purchasing an additional 34,658 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Cantor Fitzgerald lifted their target price on shares of Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Sanford C. Bernstein raised their price target on Analog Devices from $200.00 to $220.00 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group boosted their price target on Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Thursday, May 23rd. Finally, Evercore ISI assumed coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $243.23.

Check Out Our Latest Research Report on Analog Devices

Insider Transactions at Analog Devices

In other Analog Devices news, Director James Champy sold 1,228 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction dated 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 directly owns 5,745 shares in the company, valued at $1,134,982.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Champy sold 1,228 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,737 shares of company stock valued at $6,998,205. 0.31% of the stock is currently owned by insiders.

Analog Devices Stock Up 0.8 %

Analog Devices stock traded up $1.85 during midday trading on Thursday, hitting $230.00. 2,884,682 shares of the company were exchanged, compared to its average volume of 3,367,326. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $241.88. The company’s fifty day moving average price is $203.03 and its 200-day moving average price is $194.96. The company has a market cap of $114.13 billion, a PE ratio of 53.74, a price-to-earnings-growth ratio of 3.98 and a beta of 1.14.

Analog Devices (NASDAQ:ADIGet Free Report) last posted its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.14. The business had revenue of $2.16 billion for 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 business’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.83 earnings per share. On average, research analysts predict that Analog Devices, Inc. will post 6.18 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th will be paid a dividend of $0.92 per share. The ex-dividend date is Tuesday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.60%. Analog Devices’s dividend payout ratio is presently 85.98%.

Analog Devices Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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