Moody Lynn & Lieberson LLC Cuts Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Moody Lynn & Lieberson LLC lessened its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 34.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,269 shares of the semiconductor company's stock after selling 1,173 shares during the period. Moody Lynn & Lieberson LLC's holdings in Analog Devices were worth $458,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ADI. Orion Capital Management LLC acquired a new position in shares of Analog Devices in the 4th quarter valued at about $27,000. Menard Financial Group LLC bought a new stake in Analog Devices in the fourth quarter worth approximately $27,000. Alpine Bank Wealth Management acquired a new position in Analog Devices in the first quarter valued at approximately $27,000. Hopwood Financial Services Inc. acquired a new position in Analog Devices in the fourth quarter valued at approximately $30,000. Finally, Mainstream Capital Management LLC bought a new position in shares of Analog Devices during the 4th quarter worth approximately $30,000. 86.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ADI shares. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. Williams Trading set a $260.00 price objective on shares of Analog Devices in a report on Friday, May 23rd. Wells Fargo & Company set a $235.00 target price on Analog Devices and gave the company an "equal weight" rating in a research note on Monday, June 16th. KGI Securities started coverage on Analog Devices in a research note on Friday, May 23rd. They set a "buy" rating on the stock. Finally, Cantor Fitzgerald upgraded Analog Devices from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $250.00 to $270.00 in a report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $251.75.

Analog Devices Price Performance

Shares of NASDAQ ADI traded down $0.27 during trading hours on Thursday, reaching $244.88. 943,886 shares of the stock traded hands, compared to its average volume of 3,582,248. The company has a market capitalization of $121.52 billion, a P/E ratio of 67.03, a price-to-earnings-growth ratio of 2.22 and a beta of 1.02. The company's 50-day simple moving average is $219.06 and its two-hundred day simple moving average is $212.25. 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, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share 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 firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $1.40 EPS. The business's quarterly revenue was up 22.3% on a year-over-year basis. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.62%. Analog Devices's dividend payout ratio (DPR) is currently 107.90%.

Insider Activity

In related 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 transaction, the chief executive officer directly owned 142,996 shares of the company's stock, valued at $28,147,332.64. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ray Stata sold 3,125 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total value of $612,000.00. Following the transaction, the director owned 180,071 shares in the company, valued at approximately $35,265,104.64. This represents a 1.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,250 shares of company stock worth $3,143,556. Company insiders own 0.33% of the company's stock.

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.