Dupont Capital Management Corp Decreases Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Dupont Capital Management Corp trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADIFree Report) by 5.3% during the fourth quarter, HoldingsChannel reports. The firm owned 52,624 shares of the semiconductor company’s stock after selling 2,961 shares during the period. Dupont Capital Management Corp’s holdings in Analog Devices were worth $10,449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Analog Devices in the 4th quarter valued at approximately $1,040,194,000. Moneta Group Investment Advisors LLC grew its stake in shares of Analog Devices by 101,479.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,111,943 shares of the semiconductor company’s stock worth $674,482,000 after acquiring an additional 4,107,895 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Analog Devices by 22.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 13,868,437 shares of the semiconductor company’s stock worth $2,428,225,000 after acquiring an additional 2,497,696 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Analog Devices by 236.6% in the second quarter. Alliancebernstein L.P. now owns 2,312,235 shares of the semiconductor company’s stock worth $450,446,000 after acquiring an additional 1,625,377 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Analog Devices by 639.7% in the third quarter. Nordea Investment Management AB now owns 1,718,502 shares of the semiconductor company’s stock worth $303,591,000 after acquiring an additional 1,486,180 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the transaction, the chief executive officer now directly owns 5,713 shares in the company, valued at approximately $1,097,524.43. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director James Champy sold 1,228 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the transaction, the director now owns 6,371 shares of the company’s stock, valued at $1,259,164.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the transaction, the chief executive officer now directly owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The disclosure for this sale can be found here. Insiders sold a total of 21,228 shares of company stock worth $4,137,802 in the last three months. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADI. The Goldman Sachs Group lifted their price objective on shares of Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $205.00 price objective on shares of Analog Devices in a research report on Monday, March 4th. Truist Financial decreased their price objective on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. KeyCorp lifted their price objective on shares of Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Analog Devices in a research report on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $206.26.

Get Our Latest Stock Analysis on Analog Devices

Analog Devices Price Performance

Shares of ADI stock opened at $194.88 on Wednesday. The firm has a market cap of $96.64 billion, a P/E ratio of 34.86, a P/E/G ratio of 4.96 and a beta of 1.17. 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, Inc. has a 1-year low of $154.99 and a 1-year high of $202.77. The firm has a fifty day moving average of $193.13 and a two-hundred day moving average of $184.95.

Analog Devices (NASDAQ:ADIGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.02. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The firm’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same period last year, the business earned $2.75 EPS. As a group, research analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.89%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s payout ratio is currently 65.83%.

About Analog Devices

(Free Report)

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

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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