California State Teachers Retirement System lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 612,446 shares of the semiconductor company’s stock after selling 6,230 shares during the quarter. California State Teachers Retirement System’s holdings in Analog Devices were worth $54,526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ADI. Sit Investment Associates Inc. grew its stake in Analog Devices by 381.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 1,010 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in Analog Devices during the 4th quarter valued at approximately $121,000. Fieldpoint Private Securities LLC grew its stake in Analog Devices by 91.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 705 shares in the last quarter. Clear Perspective Advisors LLC grew its position in shares of Analog Devices by 3,884.2% in the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 1,476 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of Analog Devices in the 4th quarter worth approximately $130,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

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Shares of Analog Devices, Inc. (ADI) opened at $94.66 on Wednesday. The stock has a market capitalization of $35,327.34, a P/E ratio of 18.51, a P/E/G ratio of 1.43 and a beta of 1.25. Analog Devices, Inc. has a 1-year low of $74.65 and a 1-year high of $98.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.76 and a quick ratio of 1.31.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.13. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The firm’s revenue for the quarter was up 54.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. analysts forecast that Analog Devices, Inc. will post 5.57 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.92 annualized dividend and a yield of 2.03%. This is an increase from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s payout ratio is presently 91.87%.

ADI has been the subject of several research reports. Stifel Nicolaus lifted their target price on Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. B. Riley reiterated a “buy” rating and issued a $113.00 target price (up previously from $110.00) on shares of Analog Devices in a research report on Thursday, November 16th. Oppenheimer reiterated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Friday, November 17th. Drexel Hamilton reiterated a “buy” rating and issued a $105.00 target price on shares of Analog Devices in a research report on Tuesday, November 21st. Finally, Jefferies Group lifted their target price on Analog Devices to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Analog Devices has a consensus rating of “Buy” and a consensus target price of $100.57.

In other Analog Devices news, SVP Joseph Hassett sold 18,400 shares of Analog Devices stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $85.06, for a total transaction of $1,565,104.00. Following the sale, the senior vice president now owns 30,139 shares of the company’s stock, valued at approximately $2,563,623.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $91.25, for a total value of $912,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 84,618 shares of company stock worth $7,554,228 in the last ninety days. 0.70% of the stock is owned by company insiders.

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Analog Devices Company 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.

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

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