Mutual of America Capital Management LLC Sells 1,784 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Mutual of America Capital Management LLC reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 57,686 shares of the semiconductor company's stock after selling 1,784 shares during the period. Mutual of America Capital Management LLC's holdings in Analog Devices were worth $11,634,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ADI. Orion Capital Management LLC purchased a new position in shares of Analog Devices during the fourth quarter valued at about $27,000. Menard Financial Group LLC purchased a new stake in Analog Devices in the fourth quarter worth about $27,000. Alpine Bank Wealth Management bought a new position in shares of Analog Devices in the first quarter worth approximately $27,000. Cassady Schiller Wealth Management LLC lifted its position in Analog Devices by 63.2% during the fourth 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 period. Finally, North Capital Inc. bought a new position in Analog Devices during the first quarter valued at approximately $36,000. 86.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on ADI. Williams Trading set a $260.00 price objective on shares of Analog Devices in a research report on Friday, May 23rd. TD Cowen raised their target price on shares of Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Evercore ISI raised their target price on shares of Analog Devices from $231.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Noble Financial raised shares of Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $257.67.

Analog Devices Price Performance

Analog Devices stock traded down $3.04 during mid-day trading on Tuesday, hitting $240.42. The company's stock had a trading volume of 3,001,714 shares, compared to its average volume of 3,601,974. 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 stock has a market capitalization of $119.31 billion, a P/E ratio of 65.51, a P/E/G ratio of 2.24 and a beta of 1.02. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $247.73. The stock's fifty day moving average price is $226.94 and its two-hundred day moving average price is $213.90.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.15. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the business earned $1.40 EPS. The company's revenue was up 22.3% on a year-over-year basis. Research analysts forecast 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. Investors of record on Wednesday, June 4th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio is presently 107.90%.

Insiders Place Their Bets

In related news, Director Ray Stata sold 3,125 shares of the 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 completion of the sale, the director owned 180,071 shares in the company, valued at approximately $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

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.