Universal Beteiligungs und Servicegesellschaft mbH Trims Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Universal Beteiligungs und Servicegesellschaft mbH cut its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 20.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 482,075 shares of the semiconductor company's stock after selling 124,935 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Analog Devices worth $97,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. China Universal Asset Management Co. Ltd. grew its stake in shares of Analog Devices by 284.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock valued at $6,262,000 after buying an additional 22,973 shares in the last quarter. Broderick Brian C grew its stake in shares of Analog Devices by 2.6% in the fourth quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock valued at $16,831,000 after buying an additional 2,017 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in shares of Analog Devices in the fourth quarter valued at $10,212,000. Sowell Financial Services LLC acquired a new stake in shares of Analog Devices in the first quarter valued at $296,000. Finally, Keybank National Association OH grew its stake in shares of Analog Devices by 85.8% in the first quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock valued at $5,461,000 after buying an additional 12,505 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Down 0.7%

Shares of NASDAQ:ADI traded down $1.70 on Thursday, hitting $226.39. 3,058,928 shares of the company's stock were exchanged, compared to its average volume of 4,010,007. The firm's 50-day moving average is $230.63 and its 200 day moving average is $215.12. The company has a market capitalization of $112.34 billion, a PE ratio of 61.69, a P/E/G ratio of 2.17 and a beta of 1.02. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.73. 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 (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, beating the consensus estimate of $1.70 by $0.15. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The business had revenue of $2.64 billion during 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 business's quarterly revenue was up 22.3% on a year-over-year basis. Sell-side analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The company also recently announced 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 1.75%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's payout ratio is currently 107.90%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADI. Cfra Research cut Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 22nd. KeyCorp boosted their target price on Analog Devices from $285.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Morgan Stanley lowered their target price on Analog Devices from $214.00 to $212.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Oppenheimer boosted their target price on Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Evercore ISI boosted their target price on Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and an average price target of $258.89.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the sale, the director directly owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold a total of 16,250 shares of company stock valued at $3,327,994 over the last three months. Company 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.