Cerity Partners LLC Sells 33,238 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Cerity Partners LLC decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 233,971 shares of the semiconductor company's stock after selling 33,238 shares during the quarter. Cerity Partners LLC's holdings in Analog Devices were worth $46,458,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Halpern Financial Inc. lifted its position in shares of Analog Devices by 331.4% during the 3rd quarter. Halpern Financial Inc. now owns 151 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 116 shares during the period. Pinnacle Bancorp Inc. lifted its position in shares of Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 65 shares during the period. Silver Oak Securities Incorporated acquired a new position in shares of Analog Devices during the 3rd quarter valued at $29,000. Fortis Capital Advisors LLC acquired a new position in shares of Analog Devices during the 1st quarter valued at $31,000. Finally, Quarry LP lifted its position in shares of Analog Devices by 267.4% during the 1st quarter. Quarry LP now owns 169 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 123 shares during the period. Institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

NASDAQ ADI traded down $6.37 during trading on Friday, hitting $192.27. 3,335,863 shares of the company's stock traded hands, compared to its average volume of 3,377,410. The stock has a market capitalization of $95.35 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 4.93 and a beta of 1.17. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $204.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The business has a 50 day moving average of $193.24 and a 200-day moving average of $186.04.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.71 by $0.02. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company's revenue was down 22.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.75 earnings per share. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, March 4th. This is an increase from Analog Devices's previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a yield of 1.91%. Analog Devices's dividend payout ratio is 65.83%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ADI shares. The Goldman Sachs Group boosted their price target on shares of Analog Devices from $191.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Sanford C. Bernstein lowered shares of Analog Devices from an "outperform" rating to a "market perform" rating and set a $200.00 price target for the company. in a research note on Thursday, January 4th. Barclays boosted their price target on shares of Analog Devices from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 16th. Oppenheimer restated an "outperform" rating and set a $215.00 price target on shares of Analog Devices in a research note on Thursday, February 22nd. Finally, Morgan Stanley restated an "overweight" rating and set a $212.00 price target on shares of Analog Devices in a research note on Thursday. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $206.26.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00. Following the sale, the chief executive officer now directly owns 5,713 shares of the company's stock, valued at $1,097,524.43. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Vivek Jain sold 3,479 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares of the company's stock, valued at $1,134,982.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now directly owns 5,713 shares in the company, valued at $1,097,524.43. The disclosure for this sale can be found here. Insiders have sold a total of 24,707 shares of company stock valued at $4,825,113 over the last three months. 0.31% of the stock is currently owned by insiders.

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.