Bartlett & CO. Wealth Management LLC Sells 15,002 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Bartlett & CO. Wealth Management LLC decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 330,085 shares of the semiconductor company's stock after selling 15,002 shares during the quarter. Bartlett & CO. Wealth Management LLC owned 0.07% of Analog Devices worth $66,568,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Orion Capital Management LLC purchased a new stake in shares of Analog Devices in the fourth quarter valued at about $27,000. Menard Financial Group LLC bought a new stake in Analog Devices in the 4th quarter worth about $27,000. Alpine Bank Wealth Management purchased a new stake in Analog Devices in the 1st quarter valued at about $27,000. Mainstream Capital Management LLC bought a new position in shares of Analog Devices during the 4th quarter worth approximately $30,000. Finally, Hopwood Financial Services Inc. bought a new position in shares of Analog Devices during the 4th quarter worth approximately $30,000. Institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

NASDAQ ADI opened at $237.30 on Friday. The company's 50 day simple moving average is $214.10 and its two-hundred day simple moving average is $211.61. 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 1 year low of $158.65 and a 1 year high of $247.10. The stock has a market capitalization of $117.76 billion, a PE ratio of 64.66, a P/E/G ratio of 2.17 and a beta of 1.00.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $1.40 earnings per share. The firm's revenue was up 22.3% compared to the same quarter last year. Analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal 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 issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Wednesday, June 4th. Analog Devices's payout ratio is 107.90%.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the transaction, the director now directly owns 186,321 shares in the company, valued at approximately $33,576,907.41. This represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $196.84, for a total value of $1,968,400.00. Following the transaction, the chief executive officer now directly owns 142,996 shares in the company, valued at approximately $28,147,332.64. This represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,250 shares of company stock valued at $3,143,556 in the last quarter. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ADI shares. Noble Financial raised Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Cowen reiterated a "buy" rating on shares of Analog Devices in a research note on Friday, May 23rd. Cantor Fitzgerald upgraded shares of Analog Devices from a "neutral" rating to an "overweight" rating and increased their price target for the company from $250.00 to $270.00 in a research report on Wednesday, June 18th. Finally, Citigroup lifted their price objective on shares of Analog Devices from $235.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $251.75.

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.

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