Phillips Wealth Planners LLC Has $262,000 Stake in Analog Devices, Inc. (NASDAQ:ADI)

Phillips Wealth Planners LLC trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 42.4% during the first quarter, Holdings Channel.com reports. The firm owned 1,297 shares of the semiconductor company’s stock after selling 954 shares during the period. Phillips Wealth Planners LLC’s holdings in Analog Devices were worth $262,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in Analog Devices in the 4th quarter valued at $27,000. Menard Financial Group LLC purchased a new stake in Analog Devices in the 4th quarter valued at $27,000. Alpine Bank Wealth Management purchased a new stake in Analog Devices in the 1st quarter valued at $27,000. Mainstream Capital Management LLC purchased a new stake in Analog Devices in the 4th quarter valued at $30,000. Finally, Hopwood Financial Services Inc. purchased a new stake in Analog Devices in the 4th quarter valued at $30,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Down 0.1%

ADI stock opened at $234.68 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. The company has a market capitalization of $116.46 billion, a price-to-earnings ratio of 63.95, a PEG ratio of 2.17 and a beta of 1.00. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The stock has a fifty day moving average of $212.88 and a 200-day moving average of $211.48.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.15. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.40 EPS. As a group, equities research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.69%. Analog Devices’s payout ratio is 107.90%.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $196.84, for a total value of $1,968,400.00. Following the completion of the transaction, the chief executive officer now directly owns 142,996 shares in the company, valued at approximately $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the transaction, the director now owns 180,071 shares of the company’s stock, valued at $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,250 shares of company stock worth $3,143,556. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wells Fargo & Company set a $235.00 price target on Analog Devices and gave the company an “equal weight” rating in a research report on Monday, June 16th. Noble Financial raised Analog Devices to an “outperform” rating in a research report on Wednesday, June 18th. Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. UBS Group decreased their target price on Analog Devices from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Finally, Benchmark reaffirmed a “buy” rating and set a $260.00 target price (down from $275.00) on shares of Analog Devices in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $251.75.

Analog Devices Company Profile

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.