Bryn Mawr Capital Management LLC Sells 1,025 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Bryn Mawr Capital Management LLC lowered 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 SEC. The institutional investor owned 37,575 shares of the semiconductor company's stock after selling 1,025 shares during the period. Bryn Mawr Capital Management LLC's holdings in Analog Devices were worth $7,578,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock valued at $397,000 after acquiring an additional 529 shares during the period. Proficio Capital Partners LLC grew its position in Analog Devices by 4.0% during the 4th quarter. Proficio Capital Partners LLC now owns 14,465 shares of the semiconductor company's stock worth $3,073,000 after purchasing an additional 562 shares in the last quarter. Harbour Investments Inc. raised its position in Analog Devices by 9.2% during the fourth quarter. Harbour Investments Inc. now owns 1,128 shares of the semiconductor company's stock valued at $240,000 after buying an additional 95 shares during the period. Cibc World Markets Corp increased its holdings in shares of Analog Devices by 14.3% in the 4th quarter. Cibc World Markets Corp now owns 89,341 shares of the semiconductor company's stock valued at $18,981,000 after purchasing an additional 11,150 shares during the period. Finally, TCTC Holdings LLC lifted its position in Analog Devices by 0.7% in the 4th quarter. TCTC Holdings LLC now owns 54,063 shares of the semiconductor company's stock worth $11,486,000 after buying an additional 350 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Buying and Selling

In other Analog Devices news, Director Ray Stata sold 3,125 shares of Analog Devices 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 completion of the transaction, the director directly owned 180,071 shares of the company's stock, valued at approximately $35,265,104.64. This trade represents a 1.71% 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 link. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the completion of the sale, the chief executive officer directly owned 142,996 shares in the company, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ADI shares. Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Williams Trading set a $260.00 target price on Analog Devices in a research report on Friday, May 23rd. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. UBS Group reduced their price objective on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a research note on Monday, July 7th. Finally, The Goldman Sachs Group began coverage on shares of Analog Devices in a research note on Thursday, July 10th. They issued a "buy" rating and a $285.00 target price on the stock. 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, the company currently has an average rating of "Moderate Buy" and an average target price of $257.67.

Analog Devices Stock Performance

ADI stock traded up $0.19 during midday trading on Wednesday, hitting $240.61. The stock had a trading volume of 2,842,002 shares, compared to its average volume of 3,605,486. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.73. 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 50-day simple moving average of $228.63 and a 200 day simple moving average of $214.27. The firm has a market capitalization of $119.40 billion, a price-to-earnings ratio of 65.56, a P/E/G ratio of 2.22 and a beta of 1.02.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) 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 company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the company posted $1.40 EPS. The business's revenue was up 22.3% on a year-over-year basis. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed 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 was Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.65%. Analog Devices's dividend payout ratio is currently 107.90%.

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.