Nisa Investment Advisors LLC decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 8.1% during the second quarter, Holdings Channel reports. The fund owned 161,315 shares of the semiconductor company’s stock after selling 14,269 shares during the period. Nisa Investment Advisors LLC’s holdings in Analog Devices were worth $12,779,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Analog Devices by 24.3% in the first quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock worth $2,311,428,000 after buying an additional 5,506,925 shares during the last quarter. BlackRock Inc. boosted its stake in Analog Devices by 3,292.7% in the first quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock worth $1,888,562,000 after buying an additional 22,366,040 shares during the last quarter. Wellington Management Group LLP boosted its stake in Analog Devices by 14.4% in the first quarter. Wellington Management Group LLP now owns 18,479,225 shares of the semiconductor company’s stock worth $1,514,372,000 after buying an additional 2,319,193 shares during the last quarter. State Street Corp boosted its stake in Analog Devices by 20.0% in the first quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock worth $1,225,852,000 after buying an additional 2,493,568 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Analog Devices by 8.4% in the first quarter. Wells Fargo & Company MN now owns 7,957,053 shares of the semiconductor company’s stock worth $652,081,000 after buying an additional 614,150 shares during the last quarter. Institutional investors own 87.33% of the company’s stock.
Shares of Analog Devices, Inc. (NASDAQ:ADI) traded down 0.16% during mid-day trading on Thursday, reaching $80.24. The company’s stock had a trading volume of 147,118 shares. The company’s 50-day moving average price is $80.01 and its 200-day moving average price is $79.04. The stock has a market capitalization of $29.45 billion, a P/E ratio of 30.73 and a beta of 1.30. Analog Devices, Inc. has a 12-month low of $59.01 and a 12-month high of $90.49.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.18. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The company’s quarterly revenue was up 41.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. On average, equities research analysts forecast that Analog Devices, Inc. will post $4.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Friday, June 9th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Wednesday, June 7th. Analog Devices’s dividend payout ratio (DPR) is 67.92%.
A number of brokerages recently issued reports on ADI. BMO Capital Markets restated a “buy” rating and issued a $96.00 price objective on shares of Analog Devices in a research note on Friday, March 31st. Jefferies Group LLC restated a “buy” rating on shares of Analog Devices in a research note on Monday, July 10th. Raymond James Financial, Inc. began coverage on Analog Devices in a research note on Friday, June 16th. They issued a “market perform” rating on the stock. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $90.00 price objective (up from $87.00) on shares of Analog Devices in a research note on Thursday, June 1st. Finally, B. Riley restated a “buy” rating and issued a $103.00 price objective on shares of Analog Devices in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Analog Devices currently has an average rating of “Buy” and an average target price of $88.86.
In other news, Director Bruce R. Evans bought 14,000 shares of the firm’s stock in a transaction on Friday, July 7th. The stock was acquired at an average cost of $78.28 per share, with a total value of $1,095,920.00. Following the transaction, the director now directly owns 67,540 shares in the company, valued at approximately $5,287,031.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $80.28, for a total value of $240,840.00. Following the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at $1,638,033.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,581 shares of company stock valued at $4,840,748. Company insiders own 1.10% of the company’s stock.
About Analog Devices
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI).
Receive News & Ratings for Analog Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
