Alliancebernstein L.P. decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 591,617 shares of the semiconductor company’s stock after selling 8,948 shares during the period. Alliancebernstein L.P.’s holdings in Analog Devices were worth $52,672,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of Analog Devices by 3.1% in the fourth quarter. Bank of New York Mellon Corp now owns 3,178,510 shares of the semiconductor company’s stock valued at $282,983,000 after buying an additional 94,402 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Analog Devices by 1.4% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 320,720 shares of the semiconductor company’s stock valued at $27,636,000 after purchasing an additional 4,416 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in Analog Devices during the 4th quarter valued at $19,757,000. San Francisco Sentry Investment Group CA raised its stake in Analog Devices by 62.3% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 3,474 shares of the semiconductor company’s stock valued at $300,000 after purchasing an additional 1,333 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in Analog Devices by 8.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 131,434 shares of the semiconductor company’s stock valued at $11,325,000 after purchasing an additional 10,673 shares during the period. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

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Several brokerages have issued reports on ADI. Zacks Investment Research downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Deutsche Bank boosted their target price on shares of Analog Devices from $85.00 to $87.00 and gave the company a “hold” rating in a research note on Thursday, March 1st. Nomura boosted their target price on shares of Analog Devices from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, March 1st. Argus boosted their target price on shares of Analog Devices from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. They noted that the move was a valuation call. Finally, KeyCorp boosted their target price on shares of Analog Devices from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, March 1st. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $100.57.

Shares of Analog Devices, Inc. (NASDAQ ADI) opened at $94.66 on Wednesday. The stock has a market cap of $35,010.00, a price-to-earnings ratio of 278.41, a P/E/G ratio of 1.42 and a beta of 1.25. Analog Devices, Inc. has a fifty-two week low of $74.65 and a fifty-two week high of $98.38. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.71.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.13. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. Analog Devices’s revenue for the quarter was up 54.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. analysts anticipate that Analog Devices, Inc. will post 5.57 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 9th will be issued a $0.48 dividend. The ex-dividend date is Thursday, March 8th. This is a boost from Analog Devices’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a yield of 2.03%. Analog Devices’s dividend payout ratio is currently 564.71%.

In other Analog Devices news, SVP Yusuf Jamal sold 718 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $90.89, for a total transaction of $65,259.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Margaret K. Seif sold 7,000 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $88.83, for a total transaction of $621,810.00. The disclosure for this sale can be found here. Insiders sold 84,618 shares of company stock valued at $7,554,228 over the last quarter. 0.70% of the stock is currently owned by corporate insiders.

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About Analog Devices

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.

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

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