Analog Devices, Inc. (NASDAQ:ADI) shares sold by Diversified Trust Co

Diversified Trust Co. reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 1.7% in the 1st quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The firm now owns 3,773 shares of the semiconductor company after selling 67 shares during the period. Diversified Trust Co.’s stake in Analog Devices was worth $746,000, according to the company’s latest SEC filing.

Several other hedge funds and other institutional investors also recently changed their positions in ADI. Pinnacle Bancorp Inc. increased its position in Analog Devices by 101.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 65 shares in the last quarter. USA Financial Formulas increased its holdings in Analog Devices by 87.8% in the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 65 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in Analog Devices in the third quarter worth approximately $29,000. Cetera Trust Company NA acquired a new stake in Analog Devices in the fourth quarter worth approximately $29,000. Finally, Private Wealth Management Group LLC acquired a new position in shares of Analog Devices in the fourth quarter worth $29,000. Institutional investors now own 86.81% of the shares.

Analyst ratings upgrades and downgrades

ADI has been the subject of several research reports. Bank of America raised their price target for Analog Devices from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, May 23. Robert W. Baird raised their price target for shares of Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 24. Goldman Sachs Group raised their price target for shares of Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, May 23. Evercore ISI covered Analog Devices in a research report on Tuesday, April 16. They issued an “outperform” rating and a $254.00 price target for the company. Finally, KeyCorp raised their price objective for Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23. Seven investment analysts have rated the stock a “hold,” while eighteen have given it a “buy” rating. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.23.

See our latest stock analysis on ADI

Analog Devices shares rose 1.4%

ADI opened at $228.24 on Wednesday. The company has a 50-day moving average of $220.91 and a 200-day moving average of $202.90. The stock has a market capitalization of $113.26 billion, a price-to-earnings ratio of 53.33, a P/E/G ratio of 3.85 and a beta of 1.08. The company has a current ratio of 1.58, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a one-year low of $154.99 and a one-year high of $241.88.

Analog Devices (NASDAQ:ADI – Get Free Report) last posted its earnings results on Wednesday, May 22. The semiconductor company reported $1.40 earnings per share for the quarter, beating 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 analysts’ expectations of $2.11 billion. During the same quarter last year, the company earned $2.83 per share. The company’s revenue was down 33.8% year-over-year. Sell-side analysts predict that Analog Devices, Inc. will report earnings of $6.24 per share 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. This represents an annual dividend of $3.68 and a yield of 1.61%. The ex-dividend date was Tuesday, June 4. Analog Devices’ Dividend Payout Ratio (DPR) is currently 85.98%.

Internal activity

In related news, CAO Michael Sondel sold 4,830 shares of the company’s stock in a transaction dated Friday, May 24. The shares were sold at an average price of $236.58, for a total value of $1,142,681.40. Following the sale, the chief financial officer now directly owns 10,547 shares of the company’s stock, valued at $2,495,209.26. The transaction was disclosed in legal documents filed with the SEC, which can be accessed through this hyperlink . In other Analog Devices news, CAO Michael Sondel sold 4,830 shares of the company’s stock in a transaction dated Friday, May 24. The shares were sold at an average price of $236.58, for a total value of $1,142,681.40. Following the sale, the chief financial officer now directly owns 10,547 shares of the company’s stock, valued at $2,495,209.26. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink . Additionally, Executive Vice President Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction on Thursday, April 4. The shares were sold at an average price of $197.56, for a total of $687,311.24. Following the transaction, the Executive Vice President now directly owns 5,745 shares of the company’s stock, valued at $1,134,982.20. Disclosure of this sale can be found here . Over the last 90 days, insiders have sold 50,121 shares of the company’s stock, valued at $11,168,654. 0.31% of the stock is currently owned by corporate insiders.

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 supply ICs, which include performance simulation, integration, and software design tools for accurate power supply design.

Analyst ratings upgrades and downgrades

Analog Devices shares rose 1.4%

Analog Devices Announces Dividend

Internal activity

About Analog Devices

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