Nisa Investment Advisors LLC Sells 27,149 Shares of Analog Devices, Inc. $ADI

Nisa Investment Advisors LLC reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 13.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 176,137 shares of the semiconductor company’s stock after selling 27,149 shares during the period. Nisa Investment Advisors LLC’s holdings in Analog Devices were worth $43,277,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADI. Howard Hughes Medical Institute bought a new stake in Analog Devices in the second quarter valued at approximately $25,000. RMG Wealth Management LLC bought a new position in shares of Analog Devices during the 2nd quarter worth approximately $26,000. Clayton Financial Group LLC acquired a new position in shares of Analog Devices during the 3rd quarter worth approximately $31,000. Sound Income Strategies LLC raised its stake in Analog Devices by 141.8% in the 3rd quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 95 shares during the period. Finally, Access Investment Management LLC bought a new stake in Analog Devices in the 2nd quarter valued at $45,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $299.16 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $146.48 billion, a price-to-earnings ratio of 65.61, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $299.53. The company has a 50-day simple moving average of $261.31 and a two-hundred day simple moving average of $247.37.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the business posted $1.67 earnings per share. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s payout ratio is 86.84%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ADI shares. Benchmark reiterated a “buy” rating and issued a $285.00 price objective on shares of Analog Devices in a report on Wednesday, November 26th. Stifel Nicolaus set a $280.00 price target on shares of Analog Devices in a research note on Friday, November 21st. Evercore ISI lowered their price target on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price objective on shares of Analog Devices in a research report on Tuesday, December 16th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $270.00 price objective on shares of Analog Devices in a report on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $287.22.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $271.19, for a total transaction of $1,355,950.00. Following the completion of the sale, the senior vice president directly owned 59,664 shares in the company, valued at $16,180,280.16. This represents a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katsufumi Nakamura sold 500 shares of Analog Devices stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $289.17, for a total value of $144,585.00. Following the completion of the transaction, the senior vice president owned 13,210 shares in the company, valued at approximately $3,819,935.70. The trade was a 3.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,919 shares of company stock valued at $10,464,462 over the last three months. 0.33% of the stock is owned by insiders.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.