Zevin Asset Management LLC Reduces Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Zevin Asset Management LLC reduced its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,073 shares of the semiconductor company's stock after selling 1,607 shares during the period. Analog Devices accounts for 3.2% of Zevin Asset Management LLC's holdings, making the stock its 9th biggest holding. Zevin Asset Management LLC's holdings in Analog Devices were worth $20,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in Analog Devices in the 4th quarter valued at $27,000. Menard Financial Group LLC purchased a new position in Analog Devices during the 4th quarter worth $27,000. Alpine Bank Wealth Management purchased a new position in Analog Devices during the 1st quarter worth $27,000. North Capital Inc. acquired a new stake in Analog Devices in the 1st quarter valued at about $36,000. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Analog Devices by 209.8% during the 1st quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 128 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on ADI. The Goldman Sachs Group assumed coverage on shares of Analog Devices in a research note on Thursday, July 10th. They set a "buy" rating and a $285.00 price objective on the stock. UBS Group cut their price objective on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research note on Monday, July 7th. KeyCorp lifted their target price on Analog Devices from $285.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. TD Cowen boosted their price target on Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, KGI Securities assumed coverage on Analog Devices in a report on Friday, May 23rd. They set a "buy" rating for the company. Six investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and a consensus price target of $258.89.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Thursday, May 1st. The stock was 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 directly owned 142,996 shares in the company, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,250 shares of company stock valued at $3,327,994 over the last ninety days. 0.33% of the stock is owned by company insiders.

Analog Devices Stock Down 1.9%

Shares of NASDAQ ADI traded down $4.58 during trading on Tuesday, reaching $235.90. The company had a trading volume of 1,743,838 shares, compared to its average volume of 3,588,633. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.73. The stock has a market cap of $117.06 billion, a PE ratio of 64.32, a P/E/G ratio of 2.23 and a beta of 1.02. The business's 50-day moving average is $230.08 and its 200 day moving average is $214.71. 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 (NASDAQ:ADI - Get Free Report) last announced its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.50 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The company's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. As a group, equities analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is 107.90%.

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.

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