Donaldson Capital Management LLC Trims Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Donaldson Capital Management LLC decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 14.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,090 shares of the semiconductor company’s stock after selling 367 shares during the period. Donaldson Capital Management LLC’s holdings in Analog Devices were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its stake in shares of Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 65 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Analog Devices during the 3rd quarter valued at about $29,000. Fortis Capital Advisors LLC acquired a new stake in shares of Analog Devices during the 1st quarter valued at about $31,000. Quarry LP grew its position in shares of Analog Devices by 267.4% during the 1st quarter. Quarry LP now owns 169 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 123 shares during the period. Finally, Worth Asset Management LLC acquired a new stake in shares of Analog Devices during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In related news, Director James Champy sold 1,228 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Analog Devices news, Director James Champy sold 1,228 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were 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 in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $10,075,098.60. The disclosure for this sale can be found here. Insiders sold a total of 24,707 shares of company stock valued at $4,825,113 in the last quarter. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ADI. Oppenheimer reiterated an “outperform” rating and issued a $215.00 price objective on shares of Analog Devices in a report on Thursday, February 22nd. KeyCorp boosted their target price on Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Morgan Stanley restated an “overweight” rating and set a $212.00 target price on shares of Analog Devices in a report on Thursday, April 11th. The Goldman Sachs Group boosted their target price on Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Edward Jones upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $208.17.

Analog Devices Stock Up 0.6 %

ADI stock traded up $1.14 during trading on Tuesday, reaching $191.43. The stock had a trading volume of 300,521 shares, compared to its average volume of 3,322,104. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $204.20. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $94.93 billion, a P/E ratio of 34.04, a PEG ratio of 4.82 and a beta of 1.17. The firm has a fifty day moving average price of $193.20 and a 200 day moving average price of $186.33.

Analog Devices (NASDAQ:ADI) last released its earnings results 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 the consensus estimate of $2.50 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company’s revenue was down 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.75 EPS. On average, equities analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The firm 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. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Monday, March 4th. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s dividend payout ratio is currently 65.83%.

Analog Devices 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.