Axa trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 65.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,649 shares of the semiconductor company’s stock after selling 129,925 shares during the period. Axa’s holdings in Analog Devices were worth $5,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Lazard Asset Management LLC bought a new stake in shares of Analog Devices in the 1st quarter valued at about $100,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Analog Devices by 51.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 475 shares in the last quarter. Jacobus Wealth Management Inc. bought a new stake in shares of Analog Devices in the 1st quarter valued at about $113,000. Heritage Trust Co bought a new stake in shares of Analog Devices in the 1st quarter valued at about $114,000. Finally, Guardian Life Insurance Co. of America boosted its holdings in shares of Analog Devices by 18.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 223 shares in the last quarter. Institutional investors own 86.72% of the company’s stock.

ADI has been the topic of a number of recent analyst reports. Drexel Hamilton restated a “buy” rating and issued a $105.00 price target (up from $93.00) on shares of Analog Devices in a report on Wednesday, May 31st. B. Riley restated a “buy” rating and issued a $103.00 price target on shares of Analog Devices in a report on Tuesday, May 30th. Credit Suisse Group restated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Friday, May 26th. Jefferies Group LLC restated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Monday, May 22nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $97.00 price target (up from $95.00) on shares of Analog Devices in a report on Thursday, June 1st. Twelve analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $91.85.

In other news, Director Ray Stata sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the completion of the sale, the director now owns 234,481 shares in the company, valued at $19,579,163.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $80.28, for a total value of $240,840.00. Following the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at approximately $1,638,033.12. The disclosure for this sale can be found here. Insiders have sold 70,686 shares of company stock valued at $5,867,782 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Analog Devices, Inc. (ADI) opened at 83.84 on Friday. Analog Devices, Inc. has a 12-month low of $59.54 and a 12-month high of $90.49. The stock’s 50 day moving average is $80.06 and its 200 day moving average is $80.17. The stock has a market capitalization of $30.83 billion, a price-to-earnings ratio of 41.73 and a beta of 1.29.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The company’s revenue was up 64.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. Equities research analysts forecast that Analog Devices, Inc. will post $4.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, September 7th. Analog Devices’s dividend payout ratio (DPR) is presently 86.12%.

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Analog Devices Profile

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

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

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