Delaney Dennis R Sells 265 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Delaney Dennis R reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 0.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 30,749 shares of the semiconductor company’s stock after selling 265 shares during the quarter. Analog Devices comprises about 3.3% of Delaney Dennis R’s portfolio, making the stock its 15th largest holding. Delaney Dennis R’s holdings in Analog Devices were worth $6,082,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ADI. Amarillo National Bank lifted its position in shares of Analog Devices by 3.7% during the 4th quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock valued at $300,000 after acquiring an additional 54 shares during the period. Mcdonald Partners LLC lifted its position in shares of Analog Devices by 0.7% during the 1st quarter. Mcdonald Partners LLC now owns 7,567 shares of the semiconductor company’s stock valued at $1,497,000 after acquiring an additional 54 shares during the period. Keystone Financial Services lifted its position in shares of Analog Devices by 1.8% during the 4th quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock valued at $623,000 after acquiring an additional 55 shares during the period. Signaturefd LLC lifted its position in shares of Analog Devices by 0.5% during the 1st quarter. Signaturefd LLC now owns 11,003 shares of the semiconductor company’s stock valued at $2,176,000 after acquiring an additional 59 shares during the period. Finally, Wealth Alliance lifted its position in shares of Analog Devices by 3.6% during the 4th quarter. Wealth Alliance now owns 1,769 shares of the semiconductor company’s stock valued at $351,000 after acquiring an additional 61 shares during the period. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Performance

ADI traded down $4.59 during trading on Thursday, hitting $233.74. 3,103,682 shares of the company traded hands, compared to its average volume of 3,278,600. The firm has a market cap of $115.99 billion, a P/E ratio of 54.61, a price-to-earnings-growth ratio of 3.94 and a beta of 1.08. The stock’s fifty day moving average is $226.41 and its 200 day moving average is $204.77. 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 one year low of $154.99 and a one year high of $241.88.

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

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.57%. Analog Devices’s payout ratio is currently 85.98%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the sale, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Gregory M. Bryant sold 17,612 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $16,198,239.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The disclosure for this sale can be found here. Insiders have sold a total of 46,642 shares of company stock valued at $10,481,343 over the last three months. 0.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Analog Devices from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Oppenheimer boosted their price target on shares of Analog Devices from $215.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Morgan Stanley boosted their price target on shares of Analog Devices from $221.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Barclays boosted their price target on shares of Analog Devices from $185.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, May 20th. Finally, KeyCorp boosted their price target on shares of Analog Devices from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Analog Devices currently 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.