Paradiem LLC Lowers Stake in Analog Devices, Inc. (NASDAQ:ADI)

Paradiem LLC cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 5.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,947 shares of the semiconductor company's stock after selling 3,166 shares during the quarter. Analog Devices makes up about 2.9% of Paradiem LLC's investment portfolio, making the stock its 18th biggest position. Paradiem LLC's holdings in Analog Devices were worth $10,678,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ADI. Orion Capital Management LLC purchased a new position in Analog Devices during the fourth quarter valued at $27,000. Menard Financial Group LLC purchased a new stake in Analog Devices in the 4th quarter worth $27,000. Mainstream Capital Management LLC purchased a new stake in Analog Devices in the 4th quarter worth $30,000. Hopwood Financial Services Inc. bought a new position in shares of Analog Devices during the 4th quarter valued at about $30,000. Finally, Cassady Schiller Wealth Management LLC grew its position in shares of Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. Keefe, Bruyette & Woods raised shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Wells Fargo & Company set a $235.00 price objective on shares of Analog Devices and gave the stock an "equal weight" rating in a research note on Monday, June 16th. UBS Group decreased their target price on shares of Analog Devices from $295.00 to $285.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $251.75.

Analog Devices Stock Up 1.2%

Shares of Analog Devices stock traded up $2.63 on Monday, reaching $230.98. The stock had a trading volume of 3,572,704 shares, compared to its average volume of 3,565,529. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10. The company has a 50 day moving average price of $209.55 and a 200 day moving average price of $211.06. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $114.62 billion, a P/E ratio of 62.94, a P/E/G ratio of 2.11 and a beta of 1.00.

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

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is presently 107.90%.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were 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 approximately $28,147,332.64. This trade represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the sale, the director now directly owns 180,071 shares in the company, valued at $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,250 shares of company stock valued at $3,143,556. Insiders own 0.33% of the company's stock.

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.