Analog Devices, Inc. stock value (NASDAQ:ADI) reduced by Wellington Management Group LLP

Wellington Management Group LLP has reduced its stake in Analog Devices, Inc., according to its latest 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:ADI – Free Report) up 74.6% in the fourth quarter. The institutional investor owned 1,366,337 shares of the semiconductor company after selling 4,011,352 shares during the period. Wellington Management Group LLP owned approximately 0.28% of Analog Equipment worth $271,300,000 as of its most recent SEC filing.

Several other hedge funds have also recently increased or decreased their stakes in the business. Amarillo National Bank increased its holdings in Analog Devices by 3.7% during the fourth quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock worth $300,000 after acquiring an additional 54 shares in the last quarter. Keystone Financial Services increased its holdings in Analog Devices by 1.8% during the fourth quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock valued at $623,000 after acquiring an additional 55 shares in the last quarter. Ancora Advisors LLC increased its holdings in Analog Devices by 2.1% during the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock valued at $480,000 after acquiring an additional 57 shares in the last quarter. Legacy Advisors LLC increased its holdings in Analog Devices by 2.3% during the 3rd quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock valued at $465,000 after acquiring an additional 59 shares in the last quarter. Finally, Wealth Alliance increased its holdings in shares of Analog Devices by 3.6% during the fourth quarter. Wealth Alliance now owns 1,769 shares of the semiconductor company’s stock valued at $351,000 after purchasing an additional 61 shares in the last quarter. Institutional investors hold 86.81% of the company’s shares.

Insiders buying and selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction amount of $1,970,600.00. Following the completion of the sale, the CEO now owns 51,039 shares of the company’s stock, valued at approximately $10,057,745.34. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In related news, CAO Michael Sondel sold 4,830 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $236.58, for a total transaction amount of $1,142,681.40. Following the completion of the transaction, the chief accounting officer now owns 10,547 shares of the company’s stock, valued at approximately $2,495,209.26. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total value of $1,970,600.00. Following the transaction, the CEO now directly owns 51,039 shares of the company’s stock, valued at approximately $10,057,745.34. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 51,349 shares of company stock worth $11,118,356. Currently, corporate insiders own 0.31% of the shares.

Analog equipment inventory performance

NASDAQ ADI shares opened at $232.39 on Tuesday. The company’s 50-day moving average price is $213.34 and its two-hundred-day moving average price is $199.89. The company has a debt to equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13. Analog Devices, Inc. it has a 1-year low of $154.99 and a 1-year high of $241.88. The company has a market capitalization of $115.32 billion, a P/E ratio of 54.30, a price-to-earnings ratio of 3.90 and a beta of 1.12.

Analog Devices ( NASDAQ:ADI – Get Free Report ) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported EPS of $1.40 for the quarter, $0.14 above analysts’ consensus estimates of $1.26. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The company’s revenue for the quarter was $2.16 billion, compared to the consensus estimate of $2.11 billion. In the same quarter last year, the company reported earnings per share of $2.83. The company’s quarterly revenue dropped 33.8% compared to the same quarter last year. Analysts predict that Analog Devices, Inc. will be profitable in the current fiscal year. will see 6.24 earnings per share.

Dividend announcement for analog devices

The company also recently announced a quarterly dividend, which was paid on Monday, June 17. Shareholders of record received a dividend of $0.92 on Tuesday, June 4. The dividend payment date was Tuesday, June 4. This represents a dividend of $3.68 on an annualized basis and a yield of 1.58%. Analog Devices’ dividend payout ratio (DPR) is currently 85.98%.

The Wall Street analyst concludes

Many analysts have recently commented on the company. Bank of America raised their price target on Analog Devices from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Oppenheimer increased their price target on Analog Devices from $215.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Cantor Fitzgerald increased their price target on Analog from $205.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. On Tuesday, April 16, Evercore ISI’s research note focused on analog devices. They issued an outperform rating and a $254.00 price target for the stock. Finally, Robert W. Baird increased their price target on Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Seven analysts have rated the company with a hold rating and eighteen analysts have rated the company with a buy rating. Based on data from MarketBeat, the consensus rating for Analog Devices is “Moderate Buy” with an average price target of $243.23.

Download our latest report on analog devices

Analog device profile

(free report)

Analog Devices, Inc designs, manufactures, tests and sells integrated circuits (ICs), software and subsystems in the United States, the rest of North and South America, Europe, Japan, China and the rest of Asia. The company provides data conversion products that translate real analog signals into digital data, and also translate digital data into analog signals; power management products and reference products for power conversion, controller monitoring, sequencing and energy management in the automotive, telecommunications, industrial and consumer markets; and power ICs, which include performance simulation, integration, and software design tools to achieve accurate power supply designs.

See also

Get analog news and ratings every day – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for analog and related companies with MarketBeat.com’s FREE daily email newsletter.