Mutual of America Capital Management LLC Sells 3,086 Shares of Analog Devices, Inc. $ADI

Mutual of America Capital Management LLC decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 5.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 53,785 shares of the semiconductor company’s stock after selling 3,086 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Analog Devices were worth $13,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC lifted its stake in shares of Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 529 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Analog Devices by 36.0% in the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after purchasing an additional 464 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of Analog Devices by 12.7% during the second quarter. Perigon Wealth Management LLC now owns 3,712 shares of the semiconductor company’s stock valued at $884,000 after buying an additional 419 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its holdings in shares of Analog Devices by 26.9% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 2,879 shares of the semiconductor company’s stock valued at $685,000 after buying an additional 610 shares in the last quarter. Finally, Scott & Selber Inc. bought a new position in shares of Analog Devices during the 2nd quarter worth approximately $1,904,000. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other news, CAO Michael Sondel sold 8,169 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total value of $2,271,227.07. Following the completion of the transaction, the chief accounting officer owned 18,913 shares of the company’s stock, valued at $5,258,381.39. The trade was a 30.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Martin Cotter sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $278.44, for a total value of $2,784,400.00. Following the sale, the senior vice president directly owned 49,664 shares in the company, valued at approximately $13,828,444.16. This trade represents a 16.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 53,544 shares of company stock worth $14,328,561. Insiders own 0.33% of the company’s stock.

Analog Devices Trading Down 0.5%

Shares of NASDAQ:ADI opened at $304.01 on Tuesday. The business has a 50-day moving average price of $277.45 and a 200-day moving average price of $252.57. The stock has a market cap of $148.86 billion, a price-to-earnings ratio of 66.67, a PEG ratio of 1.65 and a beta of 1.03. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $313.54. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the company earned $1.67 EPS. Analog Devices’s quarterly revenue was up 25.9% on a year-over-year basis. Equities analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s dividend payout ratio is presently 86.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ADI shares. Sanford C. Bernstein restated a “market perform” rating and issued a $270.00 target price on shares of Analog Devices in a research note on Wednesday, November 26th. Weiss Ratings cut Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Susquehanna upped their target price on Analog Devices from $350.00 to $360.00 and gave the company a “positive” rating in a research report on Thursday. Robert W. Baird raised their price target on Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Finally, KeyCorp upped their price objective on shares of Analog Devices from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $312.04.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.