Analog Devices, Inc. (NASDAQ:ADI) Stock Holdings Lifted by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,460 shares of the semiconductor company's stock after acquiring an additional 12,537 shares during the period. Cerity Partners LLC owned about 0.05% of Analog Devices worth $52,527,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ADI. Orion Capital Management LLC acquired a new position in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Menard Financial Group LLC purchased a new position in Analog Devices during the fourth quarter worth approximately $27,000. Alpine Bank Wealth Management purchased a new position in Analog Devices during the first quarter worth approximately $27,000. Cassady Schiller Wealth Management LLC raised its stake in Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 55 shares during the period. Finally, North Capital Inc. purchased a new position in Analog Devices during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Down 0.2%

ADI traded down $0.45 during trading hours on Friday, reaching $244.68. 2,035,790 shares of the stock traded hands, compared to its average volume of 3,602,437. The firm's fifty day simple moving average is $226.02 and its two-hundred day simple moving average is $213.78. The company has a market cap of $121.42 billion, a price-to-earnings ratio of 66.67, a PEG ratio of 2.26 and a beta of 1.02. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.73. 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 (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.15. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business earned $1.40 EPS. The business's revenue was up 22.3% on a year-over-year basis. As a group, analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.62%. Analog Devices's dividend payout ratio (DPR) is 107.90%.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 142,996 shares in the company, valued at $28,147,332.64. This represents a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ray Stata sold 3,125 shares of the 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 transaction, the director owned 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. Insiders have sold a total of 16,250 shares of company stock worth $3,143,556 over the last quarter. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Oppenheimer increased their price target on shares of Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Benchmark reaffirmed a "buy" rating and set a $260.00 price target (down previously from $275.00) on shares of Analog Devices in a research note on Friday, May 23rd. Raymond James Financial raised shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, June 18th. Wells Fargo & Company set a $235.00 price target on shares of Analog Devices and gave the stock an "equal weight" rating in a research note on Monday, June 16th. Finally, Evercore ISI increased their price objective on shares of Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $257.67.

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.