Employees Retirement System of Texas cut its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,017 shares of the semiconductor company’s stock after selling 1,000 shares during the period. Employees Retirement System of Texas’ holdings in Analog Devices were worth $2,258,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its holdings in Analog Devices by 3,292.7% during the 1st quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock valued at $1,888,562,000 after purchasing an additional 22,366,040 shares during the last quarter. Vanguard Group Inc. grew its holdings in Analog Devices by 24.3% during the 1st quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock valued at $2,311,428,000 after purchasing an additional 5,506,925 shares during the last quarter. Franklin Resources Inc. grew its holdings in Analog Devices by 54.1% during the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after purchasing an additional 3,248,336 shares during the last quarter. FMR LLC grew its holdings in Analog Devices by 52.2% during the 1st quarter. FMR LLC now owns 7,757,023 shares of the semiconductor company’s stock valued at $635,689,000 after purchasing an additional 2,661,277 shares during the last quarter. Finally, State Street Corp grew its holdings in Analog Devices by 20.0% during the 1st quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock valued at $1,225,852,000 after purchasing an additional 2,493,568 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Several research firms have issued reports on ADI. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Drexel Hamilton reissued a “buy” rating and issued a $105.00 price objective on shares of Analog Devices in a research report on Wednesday, August 30th. Jefferies Group LLC reissued a “buy” rating on shares of Analog Devices in a research report on Monday, July 10th. Citigroup Inc. reissued a “neutral” rating and issued a $88.00 price objective (down from $91.00) on shares of Analog Devices in a research report on Friday, September 1st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $100.00 price objective (up from $96.00) on shares of Analog Devices in a research report on Tuesday, August 29th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Analog Devices currently has a consensus rating of “Buy” and an average price target of $92.35.

Shares of Analog Devices, Inc. (ADI) opened at 87.99 on Wednesday. The stock has a market cap of $32.35 billion, a PE ratio of 43.80 and a beta of 1.30. Analog Devices, Inc. has a 12 month low of $59.54 and a 12 month high of $90.49. The stock has a 50 day moving average of $83.57 and a 200 day moving average of $80.49.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The business’s quarterly revenue was up 64.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. On average, equities analysts anticipate that Analog Devices, Inc. will post $4.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Friday, September 8th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Thursday, September 7th. Analog Devices’s dividend payout ratio (DPR) is currently 86.12%.

In related news, Director James Champy sold 10,000 shares of Analog Devices stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $85.00, for a total value of $850,000.00. Following the completion of the transaction, the director now owns 20,185 shares in the company, valued at $1,715,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray Stata sold 25,000 shares of Analog Devices stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the completion of the transaction, the director now owns 234,481 shares of the company’s stock, valued at approximately $19,579,163.50. The disclosure for this sale can be found here. Insiders sold 126,494 shares of company stock valued at $10,677,931 in the last 90 days. Company insiders own 1.10% of the company’s stock.

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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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