Sabal Trust CO Purchases 1,537 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Sabal Trust CO boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 12.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,621 shares of the semiconductor company's stock after buying an additional 1,537 shares during the period. Sabal Trust CO's holdings in Analog Devices were worth $2,747,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock valued at $397,000 after purchasing an additional 529 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Analog Devices in the 4th quarter valued at $1,068,000. IFP Advisors Inc boosted its stake in shares of Analog Devices by 9.6% in the 4th quarter. IFP Advisors Inc now owns 2,469 shares of the semiconductor company's stock valued at $525,000 after purchasing an additional 216 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Analog Devices by 12.0% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 8,603 shares of the semiconductor company's stock valued at $1,828,000 after purchasing an additional 923 shares in the last quarter. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Analog Devices in the 4th quarter valued at $595,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Trading Down 0.1%

Shares of ADI stock traded down $0.34 on Friday, reaching $236.96. The company had a trading volume of 3,617,735 shares, compared to its average volume of 3,584,581. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19. The stock has a market cap of $117.59 billion, a PE ratio of 64.57, a PEG ratio of 2.19 and a beta of 1.00. The company has a 50-day moving average of $215.31 and a 200-day moving average of $211.75. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 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 return on equity of 9.56% and a net margin of 18.65%. Analog Devices's revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 EPS. On average, equities analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.67%. Analog Devices's dividend payout ratio (DPR) is presently 107.90%.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total value 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 approximately $28,147,332.64. The trade was a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $563,156.25. Following the completion of the transaction, the director now owns 186,321 shares of the company's stock, valued at $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 valued at $3,143,556 in the last ninety days. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ADI. Noble Financial raised Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Evercore ISI lifted their price target on Analog Devices from $231.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Keefe, Bruyette & Woods raised Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Citigroup lifted their price target on Analog Devices from $235.00 to $260.00 and gave the company a "buy" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company set a $235.00 price target on Analog Devices and gave the company an "equal weight" rating in a report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $251.75.

Analog Devices 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.