Capital International Investors Cuts Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Capital International Investors lowered its stake in Analog Devices, Inc. (NASDAQ:ADI) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,736,718 shares of the semiconductor company’s stock after selling 56,782 shares during the period. Capital International Investors owned approximately 1.02% of Analog Devices worth $321,993,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Financial Group Inc. bought a new stake in Analog Devices in the second quarter worth $119,000. WFG Advisors LP boosted its holdings in Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 330 shares in the last quarter. Clear Perspective Advisors LLC boosted its holdings in Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 1,476 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in Analog Devices by 64.4% in the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 600 shares in the last quarter. Finally, Crow Point Partners LLC bought a new stake in Analog Devices in the third quarter worth $140,000. 86.98% of the stock is currently owned by institutional investors.

ADI has been the subject of a number of recent analyst reports. Drexel Hamilton restated a “buy” rating and set a $105.00 price target on shares of Analog Devices in a report on Tuesday, November 21st. Oppenheimer restated a “buy” rating and set a $100.00 price target on shares of Analog Devices in a report on Friday, November 17th. Morgan Stanley restated an “overweight” rating and set a $103.00 price target (up from $98.00) on shares of Analog Devices in a report on Wednesday, November 22nd. B. Riley upped their price objective on shares of Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Finally, Jefferies Group upped their price objective on shares of Analog Devices to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Twelve investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $96.52.

In other Analog Devices news, Director James Champy sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $87.00, for a total value of $435,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenton J. Sicchitano sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $88.15, for a total transaction of $1,322,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 173,848 shares of company stock valued at $14,980,459 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Shares of Analog Devices, Inc. (ADI) traded up $1.25 during mid-day trading on Tuesday, reaching $90.28. 2,342,704 shares of the company’s stock traded hands, compared to its average volume of 3,040,000. Analog Devices, Inc. has a 12-month low of $71.00 and a 12-month high of $93.99. The firm has a market cap of $33,280.00, a price-to-earnings ratio of 45.60, a P/E/G ratio of 1.65 and a beta of 1.29. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm posted $1.05 EPS. The company’s quarterly revenue was up 53.4% on a year-over-year basis. equities analysts expect that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, November 30th. Analog Devices’s payout ratio is 90.91%.

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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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