Signal management

Fisher Asset Management LLC sells 527 shares of Analog Devices, Inc. (NASDAQ: ADI)


Fisher Asset Management LLC reduced its stake in Analog Devices, Inc. (NASDAQ: ADI – Get Rating) by 27.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund held 1,422 shares of the semiconductor company after selling 527 shares during the period. Fisher Asset Management LLC’s holdings in Analog Devices were worth $235,000 when it last filed with the Securities and Exchange Commission.

A number of other institutional investors have also recently changed their holdings in ADI. Hanson & Doremus Investment Management increased its stake in Analog Devices shares by 132.7% in the first quarter. Hanson & Doremus Investment Management now owns 228 shares of the semiconductor company worth $38,000 after buying 130 more shares in the last quarter. IronBridge Private Wealth LLC increased its holdings in Analog Devices by 516.7% during the fourth quarter. IronBridge Private Wealth LLC now owns 222 shares of the semiconductor company valued at $39,000 after purchasing an additional 186 shares during the period. Lloyd Advisory Services LLC. increased its holdings in Analog Devices by 14,400.0% in the first quarter. Lloyd Advisory Services LLC. now owns 290 shares of the semiconductor company valued at $48,000 after purchasing an additional 288 shares during the period. JFS Wealth Advisors LLC increased its holdings in Analog Devices by 97.0% in the first quarter. JFS Wealth Advisors LLC now owns 323 shares of the semiconductor company valued at $53,000 after purchasing an additional 159 shares during the period. Finally, Wagner Wealth Management LLC acquired a new position in Analog Devices during the fourth quarter worth approximately $60,000. 86.15% of the shares are held by institutional investors.

Analog devices are trading up 0.2%

ADI stock opened at $177.25 on Friday. The company has a debt ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.99. The company’s 50-day simple moving average is $157.13 and its 200-day simple moving average is $158.64. Analog Devices, Inc. has a 52-week low of $138.50 and a 52-week high of $191.95. The company has a market capitalization of $92.14 billion, a PE ratio of 50.21, a growth price-earnings ratio of 1.57 and a beta of 1.13.

Analog Devices (NASDAQ:ADI – Get Rating) last reported quarterly earnings data on Wednesday, May 18. The semiconductor company reported earnings per share (EPS) of $2.40 for the quarter, beating analysts’ consensus estimate of $2.12 by $0.28. The company posted revenue of $2.97 billion for the quarter, versus a consensus estimate of $2.84 billion. Analog Devices had a net margin of 16.84% and a return on equity of 12.11%. The company’s revenue for the quarter increased 78.9% year over year. In the same period a year earlier, the company posted earnings per share of $1.54. As a group, sell-side analysts expect Analog Devices, Inc. to post earnings per share of 9.23 for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 9. Shareholders of record on Tuesday, May 31 received a dividend of $0.76. The ex-dividend date was Friday, May 27. This represents a dividend of $3.04 on an annualized basis and a dividend yield of 1.72%. Analog Devices’ distribution rate is currently 86.12%.

Insider activity

Separately, director Tunc Doluca sold 2,400 shares of the company in a transaction that took place on Friday, July 8. The shares were sold at an average price of $150.00, for a total value of $360,000.00. As a result of the sale, the administrator now directly owns 86,357 shares of the company, valued at approximately $12,953,550. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Separately, CFO Prashanth Mahendra-Rajah sold 3,901 shares of the company in a deal that took place on Thursday, May 19. The shares were sold at an average price of $163.14, for a total value of $636,409.14. Following the completion of the transaction, the CFO now owns 16,108 shares of the company, valued at approximately $2,627,859.12. The sale was disclosed in a document filed with the SEC, accessible via this link. Additionally, director Tunc Doluca sold 2,400 shares of the company in a transaction that took place on Friday, July 8. The shares were sold at an average price of $150.00, for a total transaction of $360,000.00. Following completion of the transaction, the director now owns 86,357 shares of the company, valued at approximately $12,953,550. The disclosure of this sale can be found here. In the past three months, insiders have sold 26,236 shares of the company worth $4,360,291. Company insiders own 0.91% of the company’s shares.

Wall Street analysts predict growth

A number of brokerages have recently released reports on ADI. Oppenheimer restated an “outperform” rating and set a price target of $210.00 on Analog Devices stock in a Thursday, June 23 report. Goldman Sachs Group cut its price target on Analog Devices shares from $185.00 to $167.00 in a Friday, July 15 report. UBS Group cut its price target on Analog Devices shares to $210.00 and set a “hold” rating for the company in a Thursday, May 19 report. Morgan Stanley cut its price target on Analog Devices shares from $186.00 to $173.00 and set an “equal weight” rating for the company in a Friday, June 10 report. Finally, Sanford C. Bernstein raised its price target on Analog Devices stock to $200.00 and gave the company an “outperform” rating in a Thursday, May 19 report. Five analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.79.

Profile of analog devices

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Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data conversion products, which translate real-world analog signals into digital data, as well as digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing and power management applications in the automotive, communications, industrial and high-end consumption; and power supply ICs include performance simulation, integration, and software design tools for accurate power supply designs.

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Institutional ownership by quarter for analog devices (NASDAQ: ADI)



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