Analog Devices, Inc. (ADI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 930,800 shares of the semiconductor company’s stock after selling 39,401 shares during the quarter. New York State Common Retirement Fund owned about 0.25% of Analog Devices worth $72,416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Columbia Partners L L C Investment Management boosted its stake in Analog Devices by 3.8% in the second quarter. Columbia Partners L L C Investment Management now owns 20,478 shares of the semiconductor company’s stock valued at $1,593,000 after acquiring an additional 748 shares during the last quarter. BRYN MAWR TRUST Co boosted its stake in Analog Devices by 0.8% in the second quarter. BRYN MAWR TRUST Co now owns 89,029 shares of the semiconductor company’s stock valued at $6,927,000 after acquiring an additional 676 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Analog Devices by 869.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,100,991 shares of the semiconductor company’s stock valued at $85,658,000 after acquiring an additional 987,365 shares during the last quarter. ProShare Advisors LLC boosted its stake in Analog Devices by 53.7% in the second quarter. ProShare Advisors LLC now owns 187,233 shares of the semiconductor company’s stock valued at $14,567,000 after acquiring an additional 65,386 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in Analog Devices by 19.7% in the second quarter. Profund Advisors LLC now owns 103,990 shares of the semiconductor company’s stock valued at $8,090,000 after acquiring an additional 17,137 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $77.81, for a total transaction of $233,430.00. Following the transaction, the senior vice president now owns 20,404 shares in the company, valued at $1,587,635.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce R. Evans acquired 14,000 shares of the stock in a transaction on Friday, July 7th. The shares were acquired at an average price of $78.28 per share, for a total transaction of $1,095,920.00. Following the acquisition, the director now owns 67,540 shares of the company’s stock, valued at approximately $5,287,031.20. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 67,686 shares of company stock worth $5,626,942. 1.10% of the stock is owned by insiders.

Shares of Analog Devices, Inc. (NASDAQ ADI) traded down 0.47% during midday trading on Wednesday, reaching $84.84. 91,525 shares of the company’s stock traded hands. The firm has a market cap of $31.19 billion, a PE ratio of 42.23 and a beta of 1.29. Analog Devices, Inc. has a 52-week low of $59.54 and a 52-week high of $90.49. The company has a 50 day moving average of $80.41 and a 200 day moving average of $80.16.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. Analog Devices’s revenue was up 64.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. On average, equities analysts predict that Analog Devices, Inc. will post $4.62 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Friday, September 8th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.11%. The ex-dividend date was Thursday, September 7th. Analog Devices’s dividend payout ratio is presently 86.12%.

ADI has been the topic of a number of recent research reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of Analog Devices in a research note on Monday, July 10th. BidaskClub cut shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $88.00 price objective (down from $91.00) on shares of Analog Devices in a research note on Friday, September 1st. Raymond James Financial, Inc. initiated coverage on shares of Analog Devices in a research note on Friday, June 16th. They issued a “market perform” rating on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Analog Devices in a research note on Friday, August 4th. Twelve analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $91.85.

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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.

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

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