Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. lowered its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 51.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,485 shares of the semiconductor company's stock after selling 3,660 shares during the period. Cidel Asset Management Inc.'s holdings in Analog Devices were worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Broderick Brian C lifted its stake in Analog Devices by 2.6% in the fourth quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock worth $16,831,000 after purchasing an additional 2,017 shares during the last quarter. Freestone Grove Partners LP bought a new stake in shares of Analog Devices during the fourth quarter valued at approximately $10,212,000. Sowell Financial Services LLC bought a new stake in shares of Analog Devices during the first quarter valued at approximately $296,000. Dynamic Advisor Solutions LLC raised its stake in shares of Analog Devices by 4.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 6,072 shares of the semiconductor company's stock valued at $1,224,000 after acquiring an additional 251 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of Analog Devices by 282.9% during the first quarter. Golden State Wealth Management LLC now owns 1,099 shares of the semiconductor company's stock valued at $222,000 after acquiring an additional 812 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Analyst Upgrades and Downgrades

ADI has been the subject of several research analyst reports. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Morgan Stanley decreased their price target on shares of Analog Devices from $214.00 to $212.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Barclays lifted their price target on shares of Analog Devices from $170.00 to $185.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. KGI Securities initiated coverage on shares of Analog Devices in a research note on Friday, May 23rd. They set a "buy" rating for the company. Finally, Cowen reaffirmed a "buy" rating on shares of Analog Devices in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $251.75.

Analog Devices Stock Up 0.4%

NASDAQ ADI traded up $0.93 on Thursday, hitting $246.08. The stock had a trading volume of 1,837,392 shares, compared to its average volume of 3,593,981. The business's fifty day moving average price is $219.06 and its 200 day moving average price is $212.25. 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 52-week low of $158.65 and a 52-week high of $247.10. The stock has a market cap of $122.12 billion, a price-to-earnings ratio of 67.05, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02.

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 (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company earned $1.40 earnings per share. The business's revenue for the quarter was up 22.3% on a year-over-year basis. Equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current 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 issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.61%. The ex-dividend date was Wednesday, June 4th. Analog Devices's dividend payout ratio is currently 107.90%.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the business's 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 sale, the director directly owned 180,071 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business's 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 sale, the chief executive officer directly owned 142,996 shares in the company, valued at $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,250 shares of company stock worth $3,143,556 over the last ninety days. Corporate insiders own 0.33% of the company's stock.

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.