Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lowered its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,325 shares of the semiconductor company's stock after selling 2,123 shares during the quarter. Kintegral Advisory LLC's holdings in Analog Devices were worth $872,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ADI. Orion Capital Management LLC bought a new position in Analog Devices during the 4th quarter valued at about $27,000. Menard Financial Group LLC bought a new position in Analog Devices during the 4th quarter valued at about $27,000. Alpine Bank Wealth Management bought a new position in Analog Devices during the 1st quarter valued at about $27,000. Hopwood Financial Services Inc. bought a new position in Analog Devices during the 4th quarter valued at about $30,000. Finally, Cassady Schiller Wealth Management LLC grew its holdings in 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 purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, May 1st. The shares were 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of Analog Devices 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 completion of the transaction, the director directly owned 180,071 shares of the company's stock, valued at $35,265,104.64. The trade was a 1.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,250 shares of company stock valued at $3,143,556. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded up $0.93 during midday trading on Friday, reaching $246.08. The company had a trading volume of 1,837,392 shares, compared to its average volume of 3,599,370. The business's 50-day simple moving average is $221.10 and its 200 day simple moving average is $212.71. The stock has a market cap of $122.12 billion, a P/E ratio of 67.05, a P/E/G ratio of 2.27 and a beta of 1.02. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10. 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 (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the company posted $1.40 earnings per share. The business's quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a dividend of $0.99 per share. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.61%. Analog Devices's dividend payout ratio (DPR) is presently 107.90%.

Wall Street Analysts Forecast Growth

ADI has been the topic of several analyst reports. Seaport Res Ptn upgraded shares of Analog Devices to a "strong sell" rating in a report on Wednesday, April 30th. Morgan Stanley cut their price target on shares of Analog Devices from $214.00 to $212.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. Keefe, Bruyette & Woods upgraded shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Finally, Piper Sandler dropped their target price on shares of Analog Devices from $240.00 to $215.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Analog Devices presently has an average rating of "Moderate Buy" and an average target price of $251.75.

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.