Trust Co. of Vermont Reduces Position in Analog Devices, Inc. (NASDAQ:ADI)

Trust Co. of Vermont decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,925 shares of the semiconductor company's stock after selling 1,109 shares during the quarter. Trust Co. of Vermont's holdings in Analog Devices were worth $13,900,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Midwest Professional Planners LTD. increased its stake in Analog Devices by 0.6% in the 4th quarter. Midwest Professional Planners LTD. now owns 9,296 shares of the semiconductor company's stock worth $1,975,000 after purchasing an additional 53 shares in the last quarter. Portland Global Advisors LLC lifted its stake in Analog Devices by 1.3% during the fourth quarter. Portland Global Advisors LLC now owns 4,014 shares of the semiconductor company's stock valued at $853,000 after buying an additional 53 shares in the last quarter. Cassady Schiller Wealth Management LLC boosted its holdings in shares of Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after buying an additional 55 shares during the period. Continuum Advisory LLC boosted its holdings in shares of Analog Devices by 14.8% in the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock worth $89,000 after buying an additional 57 shares during the period. Finally, Keystone Financial Services increased its position in shares of Analog Devices by 1.6% in the first quarter. Keystone Financial Services now owns 3,791 shares of the semiconductor company's stock worth $765,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Wall Street Analyst Weigh In

ADI has been the subject of several research analyst reports. Wells Fargo & Company set a $235.00 price target on shares of Analog Devices and gave the company an "equal weight" rating in a research report on Monday, June 16th. Stifel Nicolaus increased their target price on Analog Devices from $225.00 to $248.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Williams Trading set a $260.00 price target on Analog Devices in a report on Friday, May 23rd. Cowen reissued a "buy" rating on shares of Analog Devices in a research report on Friday, May 23rd. Finally, Benchmark restated a "buy" rating and set a $260.00 price objective (down from $275.00) on shares of Analog Devices in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $251.75.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the 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 sale, the chief executive officer now directly owns 142,996 shares of the company's stock, valued at $28,147,332.64. This represents a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the sale, the director now owns 186,321 shares of the company's stock, valued at approximately $33,576,907.41. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,250 shares of company stock worth $3,143,556. 0.33% of the stock is owned by insiders.

Analog Devices Stock Performance

Shares of ADI opened at $237.30 on Friday. The firm has a market cap of $117.76 billion, a price-to-earnings ratio of 64.66, a price-to-earnings-growth ratio of 2.17 and a beta of 1.00. The company's fifty day moving average is $214.10 and its 200-day moving average is $211.61. 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 12 month low of $158.65 and a 12 month high of $247.10.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the company posted $1.40 earnings per share. Analog Devices's revenue for the quarter was up 22.3% on a year-over-year basis. Equities analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio is 107.90%.

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.

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