Nisa Investment Advisors LLC Has $36.07 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Nisa Investment Advisors LLC trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 12.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,861 shares of the semiconductor company's stock after selling 26,036 shares during the period. Nisa Investment Advisors LLC's holdings in Analog Devices were worth $36,071,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Orion Capital Management LLC bought a new stake in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Menard Financial Group LLC bought a new stake in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Alpine Bank Wealth Management bought a new stake in Analog Devices in the 1st quarter valued at $27,000. Hopwood Financial Services Inc. bought a new stake in Analog Devices in the 4th quarter valued at $30,000. Finally, Cassady Schiller Wealth Management LLC boosted its holdings in Analog Devices by 63.2% in 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 period. Institutional investors own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ADI. TD Cowen increased their target price on shares of Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Evercore ISI raised their price objective on Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Noble Financial upgraded Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Seaport Res Ptn raised Analog Devices to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $257.67.

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 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 $28,147,332.64. The trade was a 6.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 completion of the transaction, the director directly owned 180,071 shares of the company's stock, valued at approximately $35,265,104.64. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,250 shares of company stock valued at $3,143,556 in the last three months. 0.33% of the stock is owned by company insiders.

Analog Devices Trading Up 1.0%

ADI traded up $2.41 during trading on Thursday, reaching $245.13. 2,428,082 shares of the company's stock were exchanged, compared to its average volume of 3,606,705. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.73. The company's fifty day moving average price is $225.10 and its 200-day moving average price is $213.59. The firm has a market capitalization of $121.65 billion, a PE ratio of 66.79, a P/E/G ratio of 2.24 and a beta of 1.02.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results 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 analyst estimates of $2.50 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 EPS. As a group, equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

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

About Analog Devices

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.