Private Wealth Partners LLC Has $5.29 Million Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Private Wealth Partners LLC lowered its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,220 shares of the semiconductor company's stock after selling 1,255 shares during the quarter. Private Wealth Partners LLC's holdings in Analog Devices were worth $5,288,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADI. Norges Bank acquired a new position in Analog Devices during the fourth quarter worth approximately $1,755,958,000. Raymond James Financial Inc. acquired a new position in Analog Devices during the fourth quarter worth approximately $833,386,000. Proficio Capital Partners LLC increased its position in Analog Devices by 22,005.0% during the fourth quarter. Proficio Capital Partners LLC now owns 3,073,252 shares of the semiconductor company's stock worth $652,943,000 after buying an additional 3,059,349 shares during the last quarter. GAMMA Investing LLC increased its position in Analog Devices by 25,460.1% during the first quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock worth $446,037,000 after buying an additional 2,203,062 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in Analog Devices by 301.1% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company's stock worth $335,933,000 after buying an additional 1,186,981 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business'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 in the company, valued at $28,147,332.64. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the transaction, the director now owns 186,321 shares of the company's stock, valued at approximately $33,576,907.41. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,250 shares of company stock worth $3,143,556 over the last three months. Corporate insiders own 0.33% of the company's stock.

Analyst Ratings Changes

ADI has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Oppenheimer boosted their price target on Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. TD Cowen boosted their price objective on Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, UBS Group reduced their price objective on Analog Devices from $295.00 to $285.00 and set a "buy" rating for the company in a report on Friday, May 23rd. One equities research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $251.75.

Analog Devices Price Performance

Shares of ADI stock traded up $2.63 during trading on Monday, hitting $230.98. The company had a trading volume of 3,572,704 shares, compared to its average volume of 3,565,529. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. The firm has a market capitalization of $114.62 billion, a P/E ratio of 62.94, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. The stock's 50-day moving average price is $210.60 and its 200 day moving average price is $211.15. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.10.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly 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 business had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.50 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The firm's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 earnings per share. Equities analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is currently 107.90%.

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.