Analog Devices, Inc. Stock (NASDAQ:ADI) sold by Assetmark Inc.

According to its latest Form 13F filed with the Securities and Exchange Commission (SEC), Assetmark Inc. decreased its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) up 33.8% in the fourth quarter. The fund owned 52,464 shares of the semiconductor company after selling 26,797 shares during the quarter. At the end of the last reporting period, the value of shares of Assetmark Inc. at Analog Devices was $10,417,000.

A number of other hedge funds have also recently made changes to their positions in ADI. MGO One Seven LLC increased its holdings in Analog Devices by 14.6% during the third quarter. MGO One Seven LLC now owns 2,865 shares of the semiconductor company’s stock valued at $502,000 after purchasing an additional 366 shares in the last quarter. Syon Capital LLC acquired a new position in Analog Devices during the third quarter worth approximately $498,000. In the third quarter, NBC Securities Inc. purchased a new position in Analog Devices worth approximately $123,000. Pinnacle Financial Partners Inc increased its holdings in Analog Devices by 606.5% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 2,282 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 1,959 shares in the last quarter. Finally, Centric Wealth Management increased its holdings in Analog Devices by 3.2% in the third quarter. Centric Wealth Management now owns 11,447 shares of the semiconductor company’s stock valued at $2,004,000 after purchasing an additional 351 shares in the last quarter. 86.81% of the shares are currently owned by institutional investors and hedge funds.

Confidential transactions in analog devices

In related news, Director James Champy sold 1,228 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction amount of $242,701.92. Following the completion of the sale, the director now directly owns 6,371 shares of the company’s stock valued at $1,259,164.44. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed at this link. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on 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 transaction, the CEO now owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The sale was disclosed in a letter filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction amount of $242,701.92. Following the transaction, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The announcement of this sale can be found here. Over the last three months, insiders sold 24,707 shares of company stock worth $4,874,613. Currently, company insiders own 0.31% of the shares.

Analogue device stocks decreased by 2.0%

During trading hours on Thursday, NASDAQ ADI fell $4.84 to $235.32. A total of 2,584,292 shares of the company’s stock traded, compared to average volume of 3,340,356. Analog Devices, Inc. it has a 52-week low of $154.99 and a 52-week high of $241.88. The company has a market capitalization of $116.70 billion, a PE ratio of 42.03, a PEG ratio of 5.44 and a beta of 1.14. The company has a 50-day simple moving average of $199.12 and a 200-day simple moving average of $192.74. The company has a debt to equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98.

Analog Devices ( NASDAQ:ADI – Get Free Report ) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, which topped the consensus estimate of $1.26 by $0.14. The company had revenue of $2.16 billion for the quarter, compared to analyst expectations of $2.11 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same period last year, the company earned $2.83 per share. Sell-side analysts predict that Analog Devices, Inc. will report 5.85 EPS for the current financial year.

Dividend announcement for analog devices

Recently, the company also declared a quarterly dividend, which will be paid on Monday, June 17. Shareholders who hit record highs on Tuesday, June 4 will receive a dividend of $0.92. The ex-dividend date is Tuesday, June 4. This represents a dividend of $3.68 on an annualized basis and a dividend yield of 1.56%. Analog Devices’ dividend payout ratio is currently 65.83%.

A Wall Street analyst weighs in

Several analysts commented on the stock. UBS Group raised their price target on Analog Devices from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen raised their price target on shares of Analog Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald increased their price target on shares of Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. On Tuesday, April 16, Evercore ISI’s research report included stock in Analog Devices. They issued an “outperform” rating and a $254.00 price target for the stock. Finally, Susquehanna raised their price target on shares of Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a research report on Thursday. Seven equity analysts rated the company with a hold rating, and seventeen gave the company a buy rating. Based on data from MarketBeat.com, Analog Devices has an average rating of Moderate Buy and an average price target of $235.67.

Get our latest analysis for 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.

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