Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,800 shares of the semiconductor company's stock after selling 1,600 shares during the period. Intact Investment Management Inc.'s holdings in Analog Devices were worth $6,615,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Midwest Professional Planners LTD. lifted its stake in shares of Analog Devices by 0.6% in the fourth quarter. Midwest Professional Planners LTD. now owns 9,296 shares of the semiconductor company's stock valued at $1,975,000 after purchasing an additional 53 shares during the period. Portland Global Advisors LLC lifted its position 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 valued at $853,000 after acquiring 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 acquiring an additional 55 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Analog Devices by 1.3% in the 4th quarter. Lindbrook Capital LLC now owns 5,243 shares of the semiconductor company's stock worth $1,114,000 after acquiring an additional 65 shares during the period. Finally, Missouri Trust & Investment Co grew its holdings in shares of Analog Devices by 33.0% in the 1st quarter. Missouri Trust & Investment Co now owns 266 shares of the semiconductor company's stock worth $54,000 after acquiring an additional 66 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ADI. Seaport Res Ptn upgraded Analog Devices to a "strong sell" rating in a research report on Wednesday, April 30th. Cantor Fitzgerald raised Analog Devices from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $250.00 to $270.00 in a research note on Wednesday, June 18th. Evercore ISI boosted their price objective on shares of Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Barclays increased 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 note on Friday, May 23rd. Finally, Williams Trading set a $260.00 target price on shares of Analog Devices in a research report on Friday, May 23rd. One 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $251.75.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 owns 180,071 shares in the company, valued at $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,250 shares of company stock valued at $3,143,556. Corporate insiders own 0.33% of the company's stock.

Analog Devices Trading Up 1.2%

Shares of Analog Devices stock traded up $2.63 during trading hours on Monday, reaching $230.98. 3,572,704 shares of the company's stock were exchanged, compared to its average volume of 3,565,529. The company has a fifty day moving average of $209.55 and a 200-day moving average of $211.06. The company has a current ratio of 2.08, a quick ratio of 1.51 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 firm has a market capitalization of $114.62 billion, a price-to-earnings ratio of 62.94, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.15. The company had revenue of $2.64 billion during 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%. Analog Devices's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 earnings per share. Sell-side analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.71%. Analog Devices's payout ratio is currently 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.