Analog Devices, Inc. (NASDAQ:ADI) Stock Position Trimmed by First Pacific Advisors LP

First Pacific Advisors LP lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,105,456 shares of the semiconductor company's stock after selling 5,311 shares during the quarter. Analog Devices comprises 6.8% of First Pacific Advisors LP's portfolio, making the stock its 2nd biggest holding. First Pacific Advisors LP owned 0.42% of Analog Devices worth $424,607,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADI. Norges Bank bought a new stake in Analog Devices during the 4th quarter valued at approximately $1,755,958,000. GAMMA Investing LLC raised its stake in Analog Devices by 25,460.1% during the 1st quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock valued at $446,037,000 after purchasing an additional 2,203,062 shares during the period. Kovitz Investment Group Partners LLC raised its stake in Analog Devices by 301.1% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company's stock valued at $335,933,000 after purchasing an additional 1,186,981 shares during the period. Deutsche Bank AG raised its stake in Analog Devices by 71.0% during the 4th quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company's stock valued at $458,683,000 after purchasing an additional 896,694 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Analog Devices by 25.1% during the 4th 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 purchasing an additional 668,023 shares during the period. Institutional investors own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Thursday, May 1st. The stock was 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 directly owned 142,996 shares of the company's stock, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the transaction, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,250 shares of company stock valued at $3,327,994. Corporate insiders own 0.33% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on ADI shares. Evercore ISI lifted 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. KGI Securities started coverage on Analog Devices in a research note on Friday, May 23rd. They issued a "buy" rating on the stock. Stifel Nicolaus lifted their price objective on Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Williams Trading set a $260.00 price objective on Analog Devices in a research note on Friday, May 23rd. Finally, Barclays lifted their price objective on Analog Devices from $170.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Six analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Analog Devices presently has a consensus rating of "Moderate Buy" and an average target price of $258.89.

Analog Devices Stock Up 0.6%

Shares of ADI stock traded up $1.45 during mid-day trading on Friday, hitting $227.82. The stock had a trading volume of 2,695,595 shares, compared to its average volume of 3,271,526. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.73. The firm has a market capitalization of $113.06 billion, a P/E ratio of 62.08, a price-to-earnings-growth ratio of 2.09 and a beta of 1.02. The firm's 50-day moving average is $230.63 and its two-hundred day moving average is $215.26. 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 (NASDAQ:ADI - Get Free Report) last issued its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the business earned $1.40 EPS. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. On average, analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Wednesday, June 4th. Analog Devices's payout ratio is 107.90%.

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.