Mutual of America Capital Management LLC Lowers Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Mutual of America Capital Management LLC trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 62,539 shares of the semiconductor company’s stock after selling 2,470 shares during the period. Mutual of America Capital Management LLC’s holdings in Analog Devices were worth $14,275,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. New Millennium Group LLC purchased a new position in shares of Analog Devices during the second quarter valued at approximately $29,000. Riverview Trust Co purchased a new position in shares of Analog Devices during the first quarter valued at approximately $30,000. ORG Partners LLC lifted its holdings in shares of Analog Devices by 675.0% during the second quarter. ORG Partners LLC now owns 155 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Analog Devices by 40.2% during the second quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 45 shares during the last quarter. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Analog Devices during the second quarter valued at approximately $37,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Trading Up 0.9 %

Shares of Analog Devices stock opened at $225.35 on Wednesday. The company has a market capitalization of $111.82 billion, a P/E ratio of 52.65, a P/E/G ratio of 3.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.24 and a current ratio of 1.69. The company has a fifty day moving average of $224.35 and a 200 day moving average of $215.68. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $244.14.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.08. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. Analog Devices’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 6.33 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Tuesday, September 3rd. Analog Devices’s dividend payout ratio (DPR) is presently 85.98%.

Wall Street Analyst Weigh In

ADI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. KeyCorp boosted their price objective on shares of Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Truist Financial decreased their price objective on shares of Analog Devices from $275.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $250.00 price objective on shares of Analog Devices in a report on Tuesday, July 16th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $251.45.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Edward H. Frank sold 500 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the completion of the transaction, the director now owns 4,748 shares of the company’s stock, valued at approximately $1,078,935.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Analog Devices news, Director Edward H. Frank sold 500 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the completion of the transaction, the director now owns 4,748 shares of the company’s stock, valued at approximately $1,078,935.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the sale, the chief executive officer now owns 51,039 shares in the company, valued at $11,570,541.30. The disclosure for this sale can be found here. Insiders sold 31,495 shares of company stock valued at $7,181,458 in the last 90 days. Insiders own 0.31% of the company’s stock.

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.