Citizens Financial Group Inc RI cut its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,115 shares of the semiconductor company’s stock after selling 912 shares during the period. Citizens Financial Group Inc RI’s holdings in Analog Devices were worth $6,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADI. Vanguard Group Inc. increased its holdings in shares of Analog Devices by 24.3% in the 1st quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock valued at $2,311,428,000 after acquiring an additional 5,506,925 shares during the period. BlackRock Inc. increased its holdings in shares of Analog Devices by 3,292.7% in the 1st quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock valued at $1,888,562,000 after acquiring an additional 22,366,040 shares during the period. Wellington Management Group LLP increased its holdings in shares of Analog Devices by 14.4% in the 1st quarter. Wellington Management Group LLP now owns 18,479,225 shares of the semiconductor company’s stock valued at $1,514,372,000 after acquiring an additional 2,319,193 shares during the period. State Street Corp increased its holdings in shares of Analog Devices by 20.0% in the 1st quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock valued at $1,225,852,000 after acquiring an additional 2,493,568 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Analog Devices by 54.1% in the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after acquiring an additional 3,248,336 shares during the period. 86.72% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on ADI shares. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $90.00 price target (up from $87.00) on shares of Analog Devices in a report on Thursday, June 1st. Credit Suisse Group reiterated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Friday, May 26th. Raymond James Financial, Inc. started coverage on Analog Devices in a report on Friday, June 16th. They issued a “market perform” rating on the stock. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $105.00 price target on shares of Analog Devices in a report on Wednesday, August 30th. Twelve equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Analog Devices has an average rating of “Buy” and a consensus price target of $91.85.

Shares of Analog Devices, Inc. (NASDAQ:ADI) traded down 0.19% during trading on Wednesday, hitting $81.99. The stock had a trading volume of 221,567 shares. The stock’s 50-day moving average is $79.73 and its 200-day moving average is $80.12. The stock has a market cap of $30.15 billion, a price-to-earnings ratio of 40.81 and a beta of 1.29. Analog Devices, Inc. has a 12-month low of $59.54 and a 12-month high of $90.49.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the company posted $0.82 earnings per share. The business’s revenue was up 64.9% on a year-over-year basis. On average, equities research analysts expect that Analog Devices, Inc. will post $4.62 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Thursday, September 7th. Analog Devices’s dividend payout ratio is presently 86.12%.

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In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $80.28, for a total value of $240,840.00. Following the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at approximately $1,638,033.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $80.07, for a total value of $360,715.35. Following the completion of the sale, the senior vice president now directly owns 13,531 shares in the company, valued at approximately $1,083,427.17. The disclosure for this sale can be found here. Insiders sold a total of 45,686 shares of company stock worth $3,780,282 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Analog Devices Profile

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

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

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