Brown Advisory Inc. Sells 15,482 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Brown Advisory Inc. decreased its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 565,310 shares of the semiconductor company's stock after selling 15,482 shares during the quarter. Brown Advisory Inc. owned 0.11% of Analog Devices worth $114,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in shares of Analog Devices in the fourth quarter worth about $27,000. Menard Financial Group LLC acquired a new position in shares of Analog Devices in the 4th quarter valued at approximately $27,000. Alpine Bank Wealth Management bought a new stake in Analog Devices during the 1st quarter worth approximately $27,000. Hopwood Financial Services Inc. acquired a new stake in Analog Devices during the 4th quarter worth approximately $30,000. Finally, Cassady Schiller Wealth Management LLC lifted its stake in Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after buying an additional 55 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

Analog Devices stock traded down $0.45 during midday trading on Friday, reaching $244.68. 2,035,790 shares of the company's stock were exchanged, compared to its average volume of 3,602,041. 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 stock's 50-day simple moving average is $226.02 and its 200 day simple moving average is $213.78. The firm has a market cap of $121.42 billion, a price-to-earnings ratio of 66.67, a P/E/G ratio of 2.26 and a beta of 1.02. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $253.18.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its 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. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the firm earned $1.40 EPS. The firm's revenue was up 22.3% compared to the same quarter last year. On average, analysts expect 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. Investors of record on Wednesday, June 4th were paid a $0.99 dividend. 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 currently 107.90%.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 180,071 shares in the company, valued at $35,265,104.64. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices 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 sale, the chief executive officer directly owned 142,996 shares of the company's stock, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,250 shares of company stock worth $3,143,556. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. TD Cowen increased their target price on Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Benchmark reissued a "buy" rating and issued a $260.00 price target (down previously from $275.00) on shares of Analog Devices in a research note on Friday, May 23rd. Williams Trading set a $260.00 price target on Analog Devices in a report on Friday, May 23rd. Finally, Barclays increased their price objective on Analog Devices from $170.00 to $185.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.67.

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.