Community Financial Services Group LLC Increases Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Community Financial Services Group LLC grew its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 16.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,872 shares of the semiconductor company's stock after acquiring an additional 1,420 shares during the period. Community Financial Services Group LLC's holdings in Analog Devices were worth $1,991,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in ADI. Vanguard Group Inc. increased its holdings in shares of Analog Devices by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 49,105,529 shares of the semiconductor company's stock worth $10,432,961,000 after purchasing an additional 413,084 shares during the last quarter. Geode Capital Management LLC increased its stake in Analog Devices by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 10,612,183 shares of the semiconductor company's stock worth $2,248,971,000 after acquiring an additional 247,737 shares during the last quarter. Norges Bank bought a new stake in Analog Devices during the fourth quarter worth approximately $1,755,958,000. FMR LLC increased its stake in Analog Devices by 0.8% during the fourth quarter. FMR LLC now owns 7,450,018 shares of the semiconductor company's stock worth $1,582,831,000 after acquiring an additional 61,390 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Analog Devices by 8.4% during the fourth quarter. Northern Trust Corp now owns 5,521,162 shares of the semiconductor company's stock worth $1,173,026,000 after acquiring an additional 427,328 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Stock Up 1.2%

Shares of NASDAQ ADI opened at $230.98 on Tuesday. The firm has a market cap of $114.62 billion, a price-to-earnings ratio of 62.94, a PEG ratio of 2.11 and a beta of 1.00. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The business's 50 day moving average is $210.60 and its two-hundred day moving average is $211.15.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data 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 quarter in the prior year, the company earned $1.40 earnings per share. The company's revenue was up 22.3% on a year-over-year basis. Research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 yield of 1.71%. Analog Devices's dividend payout ratio is presently 107.90%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 142,996 shares of the company's stock, valued at approximately $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the transaction, the director now directly owns 186,321 shares of the company's stock, valued at approximately $33,576,907.41. This trade represents a 1.65% 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 90 days. Corporate insiders own 0.33% of the company's stock.

Analyst Ratings Changes

ADI has been the topic of several analyst reports. Cfra Research cut Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 22nd. Noble Financial raised Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Wells Fargo & Company set a $235.00 price objective on Analog Devices and gave the stock an "equal weight" rating in a research note on Monday, June 16th. Evercore ISI boosted their price objective on Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Finally, Cantor Fitzgerald raised Analog Devices from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $250.00 to $270.00 in a research note on Wednesday, June 18th. One equities 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently 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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