Boston Trust Walden Corp Decreases Position in Analog Devices, Inc. (NASDAQ:ADI)

Boston Trust Walden Corp cut its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 8.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 278,421 shares of the semiconductor company's stock after selling 25,888 shares during the period. Boston Trust Walden Corp owned approximately 0.06% of Analog Devices worth $56,149,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ADI. Norges Bank purchased a new position in Analog Devices in the fourth quarter worth about $1,755,958,000. Raymond James Financial Inc. purchased a new position in Analog Devices in the fourth quarter worth about $833,386,000. Proficio Capital Partners LLC raised its holdings in Analog Devices by 22,005.0% in 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 raised its holdings in Analog Devices by 25,460.1% in 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 raised its holdings in shares of 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 valued at $335,933,000 after purchasing an additional 1,186,981 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

ADI opened at $229.65 on Thursday. The firm has a market cap of $113.96 billion, a P/E ratio of 62.58, a PEG ratio of 2.10 and a beta of 1.00. 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 simple moving average of $207.54 and a two-hundred day simple moving average of $211.05. 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 posted its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The company'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 earnings per share. Equities analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a $0.99 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.72%. Analog Devices's payout ratio is currently 107.90%.

Insiders Place Their Bets

In related news, EVP Vivek Jain sold 12,684 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the completion of the transaction, the executive vice president now owns 43,175 shares in the company, valued at approximately $9,066,750. This represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total transaction of $612,000.00. Following the transaction, the director now owns 180,071 shares of the company's stock, valued at approximately $35,265,104.64. This represents a 1.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,934 shares of company stock worth $5,807,196 over the last three months. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Williams Trading set a $260.00 price objective on shares of Analog Devices in a report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Analog Devices from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Wells Fargo & Company boosted their price objective on shares of Analog Devices from $205.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday. Barclays boosted their price objective on shares of Analog Devices from $170.00 to $185.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Finally, Raymond James Financial raised shares of Analog Devices from an "outperform" rating to a "strong-buy" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $251.75.

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.

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