Analog Devices, Inc. (NASDAQ:ADI) Holdings Trimmed by Catalina Capital Group LLC

Catalina Capital Group LLC trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 52.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,526 shares of the semiconductor company's stock after selling 1,707 shares during the period. Catalina Capital Group LLC's holdings in Analog Devices were worth $308,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Broderick Brian C grew its holdings in shares of Analog Devices by 2.6% during the 4th quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock valued at $16,831,000 after acquiring an additional 2,017 shares in the last quarter. Freestone Grove Partners LP purchased a new position in shares of Analog Devices during the 4th quarter valued at $10,212,000. Two Sigma Investments LP purchased a new position in shares of Analog Devices during the 4th quarter valued at $906,000. Dynamic Advisor Solutions LLC grew its holdings in shares of Analog Devices by 4.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,072 shares of the semiconductor company's stock valued at $1,224,000 after acquiring an additional 251 shares in the last quarter. Finally, AXA S.A. grew its holdings in shares of Analog Devices by 32.1% during the 4th quarter. AXA S.A. now owns 93,608 shares of the semiconductor company's stock valued at $19,888,000 after acquiring an additional 22,726 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the transaction, the director now owns 180,071 shares of the company's stock, valued at $35,265,104.64. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the completion of the transaction, the chief executive officer now directly owns 142,996 shares of the company's stock, valued at $28,147,332.64. This trade represents a 6.54% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,934 shares of company stock valued at $5,807,196. Insiders own 0.33% of the company's stock.

Analog Devices Stock Up 1.0%

ADI stock opened at $229.65 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The company has a 50-day moving average of $207.54 and a two-hundred day moving average of $211.05. The stock has a market capitalization of $113.96 billion, a price-to-earnings ratio of 62.58, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.15. The company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.50 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The business's quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 earnings per share. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio is currently 107.90%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ADI shares. Citigroup boosted their price target on shares of Analog Devices from $235.00 to $260.00 and gave the company a "buy" rating in a report on Monday, May 19th. Oppenheimer lifted their price objective on shares of Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Williams Trading set a $260.00 price objective on shares of Analog Devices in a research note on Friday, May 23rd. Keefe, Bruyette & Woods raised shares of Analog Devices to an "outperform" rating in a research note on Wednesday. Finally, Benchmark reaffirmed a "buy" rating and issued a $260.00 price objective (down previously from $275.00) on shares of Analog Devices in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Analog Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $251.75.

About Analog Devices

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.

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