Measured Wealth Private Client Group LLC Reduces Position in Analog Devices, Inc. (NASDAQ:ADI)

Measured Wealth Private Client Group LLC reduced its holdings in Analog Devices, Inc. (NASDAQ:ADI – Free Report ) by 9.8% in the 1st quarter, according to the company’s latest 13F filing with the Securities & Exchange Commission. The institutional investor holds 1,607 shares of the semiconductor company after selling 174 shares during the period. Measured Wealth Private Client Group LLC’s stake in Analog Devices was worth $318,000, according to the company’s latest 13F filing with the Securities & Exchange Commission.

Several other major investors also recently bought and sold shares of ADI. Norges Bank acquired a new position in shares of Analog Devices in the fourth quarter worth approximately $1,225,227,000. Massachusetts Financial Services Co. MA increased its holdings in Analog Devices by 8.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,065,652 shares of the semiconductor company’s stock worth $2,991,436,000 after acquiring an additional 1,197,215 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Analog Devices by 20,527.8% in the fourth quarter. International Assets Investment Management LLC now owns 935,266 shares of the semiconductor company’s stock worth $1,857,060,000 after acquiring an additional 930,732 shares in the last quarter. Alecta Tjanstepension Omsesidigt increased its holdings in Analog Devices by 193.8% during the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 1,175,000 shares of the semiconductor company’s stock valued at $233,308,000 after acquiring an additional 775,000 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new position in Analog Devices during the first quarter valued at approximately $138,800,000. 86.81% of the stock is now owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

Shares of ADI opened at $228.24 on Wednesday. The stock’s 50 day moving average is $220.91, and its two-hundred day moving average is $202.90. The company has a market capitalization of $113.26 billion, a price-to-earnings ratio of 53.33, a PEG ratio of 3.85 and a beta of 1.08. Analog Devices, Inc. has a one-year low of $154.99 and a one-year high of $241.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a current ratio of 1.58.

Analog Devices (NASDAQ:ADI – Get Free Report) last announced its financial results on Wednesday, May 22. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.14. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company’s revenue for the quarter was $2.16 billion, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the company earned $2.83 earnings per share. The company’s quarterly revenue fell 33.8% compared to the same quarter last year. Analysts predict that Analog Devices, Inc. will report earnings per share of $6.24 for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17. Shareholders of record on Tuesday, June 4, received a dividend of $0.92 per share. The ex-dividend date was Tuesday, June 4. This represents an annual dividend of $3.68 and a dividend yield of 1.61%. Analog Devices has a Dividend Payout Ratio (DPR) of 85.98%.

Analyst ratings upgrades and downgrades

ADI has been the subject of numerous research reports. Morgan Stanley raised their price objective for Analog Devices from $221.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23. Barclays raised their price objective for Analog Devices from $185.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, May 20. Robert W. Baird raised his price objective for Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 24. TD Cowen raised their price objective for Analog Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 23. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research report on Thursday, May 23. Seven analysts have rated the stock a “hold” and eighteen have issued a buy rating to the company. According to MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $243.23.

Check out our latest stock analysis on ADI

Internal Transactions at Analog Devices

In other news, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction dated Thursday, April 4. The shares were sold at an average price of $197.56, for a total transaction value of $687,311.24. Following the completion of the sale, the executive vice president now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The sale was disclosed in legal documents filed with the Securities & Exchange Commission, which can be accessed at this link . In related news, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction dated Thursday, April 4. The shares were sold at an average price of $197.56, for a total transaction value of $687,311.24. Following the completion of the sale, the executive vice president now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The sale was disclosed in legal documents filed with the SEC, which are available on the SEC’s website. Additionally, Director James Champy sold 4,200 shares of the company’s stock in a transaction dated Tuesday, May 28. The shares were sold at an average price of $233.55, for a total transaction value of $980,910.00. Following the completion of the sale, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,487,947.05. Disclosure of this sale can be found here. In the last quarter, insiders sold 50,121 shares of the company’s stock valued at $11,168,654. Company insiders own 0.31% of the company’s stock.

About Analog Devices

(Free report)

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

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