Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 21.6% in the first quarter, Holdings Channel.com reports. The firm owned 3,681 shares of the semiconductor company’s stock after acquiring an additional 655 shares during the period. Blue Trust Inc.’s holdings in Analog Devices were worth $742,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Midwest Professional Planners LTD. grew its holdings in Analog Devices by 0.6% during the 4th quarter. Midwest Professional Planners LTD. now owns 9,296 shares of the semiconductor company’s stock valued at $1,975,000 after purchasing an additional 53 shares in the last quarter. Portland Global Advisors LLC boosted its stake in Analog Devices by 1.3% during the 4th quarter. Portland Global Advisors LLC now owns 4,014 shares of the semiconductor company’s stock valued at $853,000 after acquiring an additional 53 shares during the last quarter. Cassady Schiller Wealth Management LLC boosted its stake in Analog Devices by 63.2% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Analog Devices by 1.3% during the 4th quarter. Lindbrook Capital LLC now owns 5,243 shares of the semiconductor company’s stock valued at $1,114,000 after acquiring an additional 65 shares during the last quarter. Finally, Missouri Trust & Investment Co boosted its stake in Analog Devices by 33.0% during the 1st quarter. Missouri Trust & Investment Co now owns 266 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 66 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADI has been the topic of a number of research analyst reports. KGI Securities initiated coverage on shares of Analog Devices in a research note on Friday, May 23rd. They set a “buy” rating on the stock. Cowen reiterated a “buy” rating on shares of Analog Devices in a research note on Friday, May 23rd. Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. UBS Group reduced their price objective on shares of Analog Devices from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. Finally, Barclays raised their price target on shares of Analog Devices from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $251.75.

Analog Devices Stock Down 0.6%

ADI stock opened at $228.35 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The firm’s 50-day simple moving average is $209.55 and its 200 day simple moving average is $211.14. The stock has a market cap of $113.32 billion, a PE ratio of 62.22, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.15. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the company earned $1.40 EPS. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, sell-side analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.73%. Analog Devices’s dividend payout ratio (DPR) is 107.90%.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the sale, the director now directly owns 180,071 shares in the company, valued at approximately $35,265,104.64. The trade was a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Vivek Jain sold 12,684 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the sale, the executive vice president now owns 43,175 shares in the company, valued at $9,066,750. This trade represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,934 shares of company stock worth $5,807,196. 0.33% of the stock is owned by corporate insiders.

About Analog Devices

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.