Disciplina Capital Management LLC Reduces Stake in Analog Devices, Inc. $ADI

Disciplina Capital Management LLC cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 55.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 221 shares of the semiconductor company’s stock after selling 272 shares during the quarter. Disciplina Capital Management LLC’s holdings in Analog Devices were worth $45,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ADI. Vanguard Group Inc. increased its holdings in shares of Analog Devices by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company’s stock valued at $9,975,681,000 after purchasing an additional 359,841 shares in the last quarter. Northern Trust Corp increased its stake in shares of Analog Devices by 8.4% during the fourth quarter. Northern Trust Corp now owns 5,521,162 shares of the semiconductor company’s stock worth $1,173,026,000 after purchasing an additional 427,328 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Analog Devices by 0.3% during the 1st quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company’s stock worth $793,616,000 after purchasing an additional 12,666 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Analog Devices by 5.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,715,313 shares of the semiconductor company’s stock valued at $789,356,000 after buying an additional 181,309 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Analog Devices by 25.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company’s stock worth $708,260,000 after buying an additional 668,023 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the transaction, the director owned 167,571 shares in the company, valued at $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Stock Down 1.9%

Shares of NASDAQ:ADI opened at $231.63 on Monday. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.73. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $233.70 and its 200-day simple moving average is $216.31. The company has a market cap of $114.95 billion, a price-to-earnings ratio of 63.11, a PEG ratio of 2.13 and a beta of 1.05.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.70 by $0.15. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm earned $1.40 EPS. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued 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 yield of 1.7%. Analog Devices’s payout ratio is currently 107.90%.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised Analog Devices to an “outperform” rating in a report on Wednesday, June 18th. KeyCorp upped their price target on Analog Devices from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Williams Trading set a $260.00 price objective on shares of Analog Devices in a research report on Friday, May 23rd. Morgan Stanley cut their target price on Analog Devices from $214.00 to $212.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. Finally, TD Cowen upped their price target on Analog Devices from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Six research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and an average target price of $258.89.

About Analog Devices

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.