Analog Devices, Inc. $ADI Stock Position Trimmed by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in Analog Devices by 0.1%, holding 2,676,472 shares valued at approximately $539.70 million as of the latest reporting period.
• Several institutional investors increased their positions in Analog Devices, contributing to a total institutional ownership of 86.81% in the company.
• Analysts have positive outlooks on Analog Devices, with a consensus rating of "Moderate Buy" and an average target price of $258.89 following several upgrades in recent reports.

Dimensional Fund Advisors LP decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,676,472 shares of the semiconductor company's stock after selling 2,360 shares during the period. Dimensional Fund Advisors LP owned about 0.54% of Analog Devices worth $539,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of ADI. Vanguard Group Inc. boosted its stake in shares of Analog Devices by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company's stock worth $9,975,681,000 after buying an additional 359,841 shares during the last quarter. Northern Trust Corp boosted its stake in Analog Devices by 8.4% during the 4th quarter. Northern Trust Corp now owns 5,521,162 shares of the semiconductor company's stock valued at $1,173,026,000 after purchasing an additional 427,328 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Analog Devices by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,715,313 shares of the semiconductor company's stock worth $789,356,000 after purchasing an additional 181,309 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Analog Devices by 25.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock valued at $708,260,000 after buying an additional 668,023 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Analog Devices by 9.0% during the fourth quarter. Nuveen Asset Management LLC now owns 3,221,053 shares of the semiconductor company's stock worth $684,345,000 after acquiring an additional 266,532 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the transaction, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. The trade was a 1.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.33% of the company's stock.

Analog Devices Stock Down 1.9%

Shares of ADI traded down $4.58 during mid-day trading on Friday, hitting $231.63. 3,825,918 shares of the company traded hands, compared to its average volume of 3,670,975. The company has a market capitalization of $114.95 billion, a PE ratio of 63.11, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.73. The business has a 50 day moving average of $233.70 and a 200 day moving average of $216.31. 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 (NASDAQ:ADI - Get Free Report) last announced its 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 return on equity of 9.56% and a net margin of 18.65%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company posted $1.40 EPS. Analog Devices's quarterly revenue was up 22.3% on a year-over-year basis. Equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's payout ratio is 107.90%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley decreased their price target on Analog Devices from $214.00 to $212.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Evercore ISI upped their target price on shares of Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. UBS Group lowered 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. The Goldman Sachs Group started coverage on shares of Analog Devices in a report on Thursday, July 10th. They issued a "buy" rating and a $285.00 price objective on the stock. Finally, Raymond James Financial raised shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, June 18th. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $258.89.

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.