Signaturefd LLC cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 70.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,115 shares of the semiconductor company’s stock after selling 10,036 shares during the period. Signaturefd LLC’s holdings in Analog Devices were worth $395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ADI. BlackRock Inc. boosted its position in shares of Analog Devices by 2.0% during the first quarter. BlackRock Inc. now owns 24,409,546 shares of the semiconductor company’s stock valued at $2,224,443,000 after purchasing an additional 475,934 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Analog Devices by 17.7% during the first quarter. JPMorgan Chase & Co. now owns 22,229,063 shares of the semiconductor company’s stock valued at $2,025,734,000 after purchasing an additional 3,344,969 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Analog Devices by 23.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,929,042 shares of the semiconductor company’s stock valued at $1,623,835,000 after purchasing an additional 3,199,255 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Analog Devices by 7.0% during the first quarter. Franklin Resources Inc. now owns 11,238,318 shares of the semiconductor company’s stock valued at $1,024,150,000 after purchasing an additional 739,365 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Analog Devices by 3.9% during the second quarter. FMR LLC now owns 9,175,704 shares of the semiconductor company’s stock valued at $880,133,000 after purchasing an additional 348,581 shares in the last quarter. 88.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:ADI opened at $92.40 on Friday. The firm has a market cap of $33.83 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.25 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.16 and a current ratio of 1.58. Analog Devices, Inc. has a 1 year low of $80.95 and a 1 year high of $103.59.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 22nd. The semiconductor company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Analog Devices had a return on equity of 20.89% and a net margin of 22.94%. Analog Devices’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. research analysts predict that Analog Devices, Inc. will post 5.89 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 12th. Investors of record on Friday, August 31st were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Thursday, August 30th. Analog Devices’s dividend payout ratio (DPR) is presently 40.68%.

Analog Devices announced that its Board of Directors has approved a share repurchase program on Tuesday, August 21st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 5.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Several equities research analysts recently weighed in on ADI shares. Morgan Stanley lifted their price target on Analog Devices from $108.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 31st. BidaskClub lowered Analog Devices from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 30th. Zacks Investment Research downgraded Analog Devices from a “buy” rating to a “hold” rating in a report on Friday, August 24th. B. Riley dropped their target price on Analog Devices from $120.00 to $117.00 and set a “buy” rating on the stock in a report on Thursday, August 23rd. Finally, Stifel Nicolaus boosted their target price on Analog Devices from $108.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Analog Devices presently has an average rating of “Buy” and a consensus target price of $107.00.

In related news, SVP Joseph Hassett sold 12,000 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $100.40, for a total transaction of $1,204,800.00. Following the completion of the sale, the senior vice president now owns 26,711 shares in the company, valued at $2,681,784.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ray Stata sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $100.30, for a total value of $2,006,000.00. Following the sale, the director now owns 171,936 shares of the company’s stock, valued at approximately $17,245,180.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,655 shares of company stock valued at $10,425,833. 1.10% of the stock is owned by company insiders.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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

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