Nations Financial Group Inc. IA ADV Cuts Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Nations Financial Group Inc. IA ADV reduced its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 32.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,679 shares of the semiconductor company's stock after selling 6,996 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Analog Devices were worth $2,903,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. FinTrust Capital Advisors LLC increased its holdings in Analog Devices by 77.5% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 474 shares of the semiconductor company's stock worth $83,000 after acquiring an additional 207 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Analog Devices by 3.6% during the third quarter. Stratos Wealth Partners LTD. now owns 8,437 shares of the semiconductor company's stock worth $1,477,000 after buying an additional 294 shares during the period. Sage Mountain Advisors LLC increased its stake in Analog Devices by 5.4% in the third quarter. Sage Mountain Advisors LLC now owns 1,227 shares of the semiconductor company's stock valued at $215,000 after purchasing an additional 63 shares during the last quarter. Oak Harvest Investment Services raised its holdings in Analog Devices by 84.5% during the third quarter. Oak Harvest Investment Services now owns 3,840 shares of the semiconductor company's stock worth $672,000 after purchasing an additional 1,759 shares in the last quarter. Finally, Concord Wealth Partners raised its holdings in Analog Devices by 960.3% during the third quarter. Concord Wealth Partners now owns 1,389 shares of the semiconductor company's stock worth $243,000 after purchasing an additional 1,258 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Price Performance

ADI stock traded up $3.14 during mid-day trading on Friday, reaching $199.63. 2,372,862 shares of the company's stock were exchanged, compared to its average volume of 3,339,473. The stock's 50 day moving average is $194.27 and its 200 day moving average is $188.15. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $204.20. The company has a market cap of $99.00 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 4.93 and a beta of 1.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business posted $2.75 earnings per share. The company's quarterly revenue was down 22.7% on a year-over-year basis. On average, research analysts expect that Analog Devices, Inc. will post 5.86 EPS for the current year.

Analog Devices Increases Dividend

The business also recently announced 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. This represents a $3.68 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Monday, March 4th. This is a boost from Analog Devices's previous quarterly dividend of $0.86. Analog Devices's dividend payout ratio is 65.83%.

Insider Buying and Selling at Analog Devices

In other news, Director James Champy sold 1,228 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now directly owns 6,371 shares in the company, valued at $1,259,164.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the sale, the director now owns 6,371 shares of the company's stock, valued at $1,259,164.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Vivek Jain sold 3,479 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The stock was 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 in the company, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,707 shares of company stock worth $4,874,613. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ADI has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of Analog Devices from $191.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Evercore ISI started coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They set an "outperform" rating and a $254.00 price objective for the company. Wolfe Research upgraded Analog Devices from a "peer perform" rating to an "outperform" rating and set a $225.00 target price for the company in a report on Thursday, January 18th. Oppenheimer restated an "outperform" rating and issued a $215.00 price target on shares of Analog Devices in a report on Thursday, February 22nd. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $205.00 target price on shares of Analog Devices in a research note on Monday, March 4th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and an average price target of $208.17.

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.

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