Livforsakringsbolaget Skandia Omsesidigt Trims Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Livforsakringsbolaget Skandia Omsesidigt lowered its position in Analog Devices, Inc. (NASDAQ:ADI) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,331 shares of the semiconductor company’s stock after selling 739 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Analog Devices were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADI. Pinnacle Bancorp Inc. lifted its stake in Analog Devices by 101.6% in the fourth 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 position in shares of Analog Devices in the third quarter valued at approximately $29,000. Fortis Capital Advisors LLC acquired a new position in shares of Analog Devices in the first quarter valued at approximately $31,000. Quarry LP increased its holdings in shares of Analog Devices by 267.4% in the first quarter. Quarry LP now owns 169 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 123 shares during the period. Finally, Worth Asset Management LLC acquired a new position in shares of Analog Devices in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of recent research reports. Barclays boosted their target price on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective on the stock. in a report on Thursday, January 4th. The Goldman Sachs Group upped their price objective on Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Wolfe Research raised Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price objective on the stock in a report on Thursday, January 18th. Finally, Edward Jones raised Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $208.17.

Analog Devices Stock Down 1.3 %

Shares of NASDAQ:ADI opened at $186.91 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $204.20. The stock’s fifty day simple moving average is $193.18 and its 200-day simple moving average is $186.46. The company has a market capitalization of $92.69 billion, a P/E ratio of 33.89, a P/E/G ratio of 4.80 and a beta of 1.17.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the business earned $2.75 earnings per share. The business’s revenue was down 22.7% on a year-over-year basis. As a group, equities research analysts forecast that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently announced 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. The ex-dividend date was Monday, March 4th. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a yield of 1.97%. Analog Devices’s dividend payout ratio is 65.83%.

Insider Buying and Selling

In related news, Director James Champy sold 1,228 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now directly owns 6,371 shares in the company, valued at $1,259,164.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Vincent Roche sold 10,000 shares of the 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 transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at $10,075,098.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Champy sold 1,228 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the transaction, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,707 shares of company stock worth $4,825,113. 0.31% of the stock is owned by company insiders.

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.