Stonehage Fleming Financial Services Holdings Ltd Sells 1,913 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Stonehage Fleming Financial Services Holdings Ltd decreased its position in Analog Devices, Inc. (NASDAQ:ADIFree Report) by 21.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,817 shares of the semiconductor company’s stock after selling 1,913 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Analog Devices were worth $1,354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. increased its stake in shares of Analog Devices by 101.6% in 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 last quarter. USA Financial Formulas boosted its position in shares of Analog Devices by 87.8% during the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 65 shares in the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of Analog Devices in the 3rd quarter valued at $29,000. Cetera Trust Company N.A bought a new stake in shares of Analog Devices in the 4th quarter valued at $29,000. Finally, Private Wealth Management Group LLC acquired a new stake in Analog Devices during the 4th quarter worth $29,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ADI shares. Stifel Nicolaus lifted their price target on shares of Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, May 20th. Sanford C. Bernstein lifted their price target on Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a research note on Thursday, May 23rd. Evercore ISI initiated coverage on Analog Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price objective for the company. Jefferies Financial Group began coverage on Analog Devices in a research report on Monday, May 13th. They issued a “buy” rating and a $250.00 target price on the stock. Finally, Cantor Fitzgerald upped their price target on Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $243.23.

Check Out Our Latest Stock Report on ADI

Analog Devices Price Performance

Shares of Analog Devices stock traded down $2.64 during trading on Friday, reaching $234.77. 2,208,155 shares of the company’s stock were exchanged, compared to its average volume of 3,487,814. The firm’s 50-day moving average price is $208.59 and its 200 day moving average price is $197.49. The company has a market cap of $116.50 billion, a P/E ratio of 54.85, a PEG ratio of 4.02 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $241.88.

Analog Devices (NASDAQ:ADIGet Free Report) last posted its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.14. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the firm posted $2.83 earnings per share. The company’s revenue was down 33.8% on a year-over-year basis. As a group, research analysts anticipate that Analog Devices, Inc. will post 6.22 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Tuesday, June 4th. Analog Devices’s dividend payout ratio is presently 85.98%.

Insiders Place Their Bets

In other Analog Devices news, Director James Champy sold 4,200 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $233.55, for a total transaction of $980,910.00. Following the sale, the director now owns 6,371 shares of the company’s stock, valued at $1,487,947.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at $10,075,098.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Champy sold 4,200 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $233.55, for a total transaction of $980,910.00. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $1,487,947.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,737 shares of company stock worth $6,998,205. 0.31% of the stock is currently owned by insiders.

Analog Devices Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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