California Public Employees Retirement System Sells 48,205 Shares of Analog Devices, Inc. (NASDAQ:ADI)

California Public Employees Retirement System trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 753,201 shares of the semiconductor company’s stock after selling 48,205 shares during the period. California Public Employees Retirement System owned about 0.20% of Analog Devices worth $68,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of ADI. Strs Ohio grew its holdings in Analog Devices by 55.4% during the 4th quarter. Strs Ohio now owns 7,656 shares of the semiconductor company’s stock worth $681,000 after acquiring an additional 2,728 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Analog Devices by 32.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,442 shares of the semiconductor company’s stock valued at $3,066,000 after buying an additional 8,522 shares during the last quarter. BB&T Corp lifted its position in shares of Analog Devices by 471.0% during the fourth quarter. BB&T Corp now owns 58,938 shares of the semiconductor company’s stock valued at $5,248,000 after buying an additional 48,616 shares during the last quarter. IFG Advisory LLC purchased a new stake in shares of Analog Devices during the fourth quarter valued at about $444,000. Finally, Conning Inc. lifted its position in shares of Analog Devices by 31.8% during the fourth quarter. Conning Inc. now owns 13,792 shares of the semiconductor company’s stock valued at $1,228,000 after buying an additional 3,330 shares during the last quarter. Institutional investors own 87.49% of the company’s stock.

Shares of ADI opened at $101.70 on Friday. The stock has a market capitalization of $37.61 billion, a P/E ratio of 21.55, a P/E/G ratio of 1.46 and a beta of 1.26. Analog Devices, Inc. has a 12-month low of $76.07 and a 12-month high of $103.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.14 and a current ratio of 1.53.



Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 30th. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.08. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. Analog Devices had a net margin of 17.72% and a return on equity of 20.34%. Analog Devices’s revenue was up 31.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. analysts expect that Analog Devices, Inc. will post 5.8 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Friday, June 8th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.92 annualized dividend and a yield of 1.89%. Analog Devices’s dividend payout ratio (DPR) is currently 40.68%.

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $90.47, for a total value of $904,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Champy sold 2,455 shares of the business’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $92.18, for a total value of $226,301.90. Following the transaction, the director now directly owns 13,220 shares of the company’s stock, valued at $1,218,619.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,642 shares of company stock worth $7,621,959. 0.70% of the stock is owned by insiders.

Several analysts have commented on the stock. Deutsche Bank increased their price target on shares of Analog Devices from $87.00 to $93.00 and gave the company a “hold” rating in a research report on Thursday, May 31st. Zacks Investment Research lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Monday, May 21st. Stifel Nicolaus increased their price target on shares of Analog Devices from $105.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, May 31st. JPMorgan Chase & Co. increased their price objective on shares of Analog Devices from $95.00 to $101.00 and gave the company a “neutral” rating in a research report on Thursday, May 31st. Finally, Credit Suisse Group raised their price target on shares of Analog Devices from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, May 31st. Eight research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Analog Devices has an average rating of “Buy” and an average target price of $103.78.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It 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 ICs to support cellular infrastructure.

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

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