Nisa Investment Advisors LLC Lowers Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Nisa Investment Advisors LLC cut its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 12.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,861 shares of the semiconductor company's stock after selling 26,036 shares during the quarter. Nisa Investment Advisors LLC's holdings in Analog Devices were worth $36,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Analog Devices during the 4th quarter valued at $1,755,958,000. GAMMA Investing LLC lifted its holdings in Analog Devices by 25,460.1% during the 1st quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock valued at $446,037,000 after purchasing an additional 2,203,062 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Analog Devices by 301.1% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company's stock valued at $335,933,000 after purchasing an additional 1,186,981 shares during the last quarter. Deutsche Bank AG lifted its holdings in Analog Devices by 71.0% during the 4th quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company's stock valued at $458,683,000 after purchasing an additional 896,694 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Analog Devices by 25.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock valued at $708,260,000 after purchasing an additional 668,023 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Price Performance

ADI stock traded down $2.43 during trading on Wednesday, reaching $242.72. 3,338,962 shares of the company were exchanged, compared to its average volume of 3,613,140. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $247.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. The company has a market capitalization of $120.45 billion, a price-to-earnings ratio of 66.14, a P/E/G ratio of 2.23 and a beta of 1.02. The company has a 50-day moving average of $223.12 and a two-hundred day moving average of $213.18.

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 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 for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the firm posted $1.40 EPS. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, equities analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Wednesday, June 4th. Analog Devices's dividend payout ratio is currently 107.90%.

Insiders Place Their Bets

In related news, 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 directly owned 180,071 shares of the company's stock, valued at $35,265,104.64. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the transaction, the chief executive officer directly owned 142,996 shares in the company, valued at approximately $28,147,332.64. This represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,250 shares of company stock worth $3,143,556. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Noble Financial raised Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Keefe, Bruyette & Woods raised Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Barclays upped their price objective on shares of Analog Devices from $170.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Finally, Piper Sandler decreased their target price on shares of Analog Devices from $240.00 to $215.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Analog Devices presently has an average rating of "Moderate Buy" and an average target price of $256.06.

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.