First Financial Corp IN Sells 325 Shares of Analog Devices, Inc. (NASDAQ:ADI)

First Financial Corp IN reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 52.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 298 shares of the semiconductor company’s stock after selling 325 shares during the period. First Financial Corp IN’s holdings in Analog Devices were worth $59,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADI. Amarillo National Bank boosted its holdings in Analog Devices by 3.7% in the 4th quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock worth $300,000 after buying an additional 54 shares during the period. Keystone Financial Services boosted its holdings in Analog Devices by 1.8% in the 4th quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock worth $623,000 after buying an additional 55 shares during the period. Ancora Advisors LLC boosted its holdings in Analog Devices by 2.1% in the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock worth $480,000 after buying an additional 57 shares during the period. Legacy Advisors LLC lifted its stake in Analog Devices by 2.3% in the 3rd quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock worth $465,000 after purchasing an additional 59 shares in the last quarter. Finally, Wealth Alliance lifted its stake in Analog Devices by 3.6% in the 4th quarter. Wealth Alliance now owns 1,769 shares of the semiconductor company’s stock worth $351,000 after purchasing an additional 61 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Trading Up 0.8 %

Shares of ADI traded up $1.88 during trading hours on Tuesday, reaching $230.34. 2,015,148 shares of the company traded hands, compared to its average volume of 3,354,418. The company’s fifty day moving average price is $216.90 and its two-hundred day moving average price is $201.63. The company has a market capitalization of $114.30 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 3.90 and a beta of 1.12. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $241.88.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.26 by $0.14. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the firm posted $2.83 earnings per share. Analog Devices’s quarterly revenue was down 33.8% on a year-over-year basis. Equities research analysts predict that Analog Devices, Inc. will post 6.24 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Insider Buying and Selling

In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the completion of the transaction, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total value of $1,970,600.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the completion of the transaction, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The disclosure for this sale can be found here. Insiders have sold 50,121 shares of company stock valued at $10,875,654 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ADI shares. Cantor Fitzgerald increased their target price on shares of Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Barclays increased their target price on shares of Analog Devices from $185.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, May 20th. Stifel Nicolaus increased their target price on shares of Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, May 20th. Citigroup increased their target price on shares of Analog Devices from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Susquehanna raised their price objective on shares of Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a research report on Thursday, May 23rd. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.23.

Analog Devices Company Profile

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.