Dupont Capital Management Corp Has $10.04 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Dupont Capital Management Corp boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,759 shares of the semiconductor company's stock after purchasing an additional 3,063 shares during the quarter. Dupont Capital Management Corp's holdings in Analog Devices were worth $10,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of Analog Devices during the 4th quarter valued at approximately $27,000. Menard Financial Group LLC acquired a new position in shares of Analog Devices in the 4th quarter worth approximately $27,000. Hopwood Financial Services Inc. acquired a new position in shares of Analog Devices in the 4th quarter worth approximately $30,000. Mainstream Capital Management LLC acquired a new position in shares of Analog Devices in the 4th quarter worth approximately $30,000. Finally, Cassady Schiller Wealth Management LLC lifted its position 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 valued at $30,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In other news, 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 value of $563,156.25. Following the sale, the director now directly owns 186,321 shares of the company's stock, valued at approximately $33,576,907.41. This represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Vivek Jain sold 12,684 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the completion of the sale, the executive vice president now directly owns 43,175 shares in the company, valued at approximately $9,066,750. The trade was a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,934 shares of company stock valued at $5,807,196 over the last three months. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ADI. Cantor Fitzgerald upgraded shares of Analog Devices from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $250.00 to $270.00 in a research note on Wednesday. Williams Trading set a $260.00 price target on shares of Analog Devices in a research note on Friday, May 23rd. Citigroup boosted their price target on shares of Analog Devices from $235.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods upgraded shares of Analog Devices to an "outperform" rating in a research note on Wednesday. Finally, TD Cowen boosted their price target on shares of Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $251.75.

Analog Devices Price Performance

NASDAQ ADI opened at $228.35 on Friday. The company has a market cap of $113.32 billion, a PE ratio of 62.22, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The firm's 50-day simple moving average is $209.55 and its two-hundred day simple moving average is $211.14.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.70 by $0.15. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The company's revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 earnings per share. Research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is presently 107.90%.

About Analog Devices

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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