Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC cut its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 40.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,092 shares of the semiconductor company's stock after selling 9,619 shares during the period. Daymark Wealth Partners LLC's holdings in Analog Devices were worth $2,842,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Midwest Professional Planners LTD. boosted its stake in shares of Analog Devices by 0.6% during the 4th quarter. Midwest Professional Planners LTD. now owns 9,296 shares of the semiconductor company's stock worth $1,975,000 after purchasing an additional 53 shares during the period. Portland Global Advisors LLC boosted its stake in shares of Analog Devices by 1.3% during the 4th quarter. Portland Global Advisors LLC now owns 4,014 shares of the semiconductor company's stock worth $853,000 after purchasing an additional 53 shares during the period. Cassady Schiller Wealth Management LLC boosted its stake in shares of Analog Devices by 63.2% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 55 shares during the period. Continuum Advisory LLC boosted its stake in shares of Analog Devices by 14.8% during the 1st quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock worth $89,000 after purchasing an additional 57 shares during the period. Finally, Keystone Financial Services boosted its stake in shares of Analog Devices by 1.6% during the 1st quarter. Keystone Financial Services now owns 3,791 shares of the semiconductor company's stock worth $765,000 after purchasing an additional 61 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Stock Performance

Analog Devices stock traded down $0.34 during mid-day trading on Friday, reaching $236.96. 3,617,735 shares of the company traded hands, compared to its average volume of 3,584,382. 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 fifty-two week low of $158.65 and a fifty-two week high of $247.10. The company has a market capitalization of $117.59 billion, a price-to-earnings ratio of 64.57, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. The firm's fifty day moving average is $215.31 and its two-hundred day moving average is $211.67.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results 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 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 business posted $1.40 EPS. Analog Devices's revenue for the quarter was up 22.3% compared to the same quarter last year. On average, equities research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm 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 of this dividend was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.67%. Analog Devices's payout ratio is currently 107.90%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ADI shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. Noble Financial raised shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Cowen reaffirmed a "buy" rating on shares of Analog Devices in a research note on Friday, May 23rd. Stifel Nicolaus boosted their price objective on shares of Analog Devices from $225.00 to $248.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, 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 research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Analog Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $251.75.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the 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 now directly owns 142,996 shares of the company's stock, valued at approximately $28,147,332.64. This represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ray Stata sold 3,125 shares of the 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 transaction, the director now directly owns 180,071 shares in the company, valued at approximately $35,265,104.64. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,250 shares of company stock worth $3,143,556 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

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.