Mather Group LLC. Sells 556 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Mather Group LLC. lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 20.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,146 shares of the semiconductor company’s stock after selling 556 shares during the period. Mather Group LLC.’s holdings in Analog Devices were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after acquiring an additional 529 shares during the period. SRS Capital Advisors Inc. grew its holdings in Analog Devices by 28.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 393 shares of the semiconductor company’s stock valued at $83,000 after buying an additional 88 shares in the last quarter. Modera Wealth Management LLC purchased a new stake in shares of Analog Devices in the fourth quarter worth about $227,000. Exencial Wealth Advisors LLC boosted its position in shares of Analog Devices by 174.4% in the fourth quarter. Exencial Wealth Advisors LLC now owns 4,868 shares of the semiconductor company’s stock valued at $1,034,000 after acquiring an additional 3,094 shares during the period. Finally, Keybank National Association OH grew its stake in Analog Devices by 17.0% during the fourth quarter. Keybank National Association OH now owns 14,572 shares of the semiconductor company’s stock valued at $3,096,000 after acquiring an additional 2,113 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

NASDAQ ADI opened at $246.08 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. The stock’s fifty day moving average price is $220.07 and its 200 day moving average price is $212.46. The company has a market cap of $122.12 billion, a price-to-earnings ratio of 67.05, a PEG ratio of 2.26 and a beta of 1.02. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10.

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

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is presently 107.90%.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the transaction, the director directly owned 180,071 shares in the company, valued at approximately $35,265,104.64. The trade was a 1.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total value of $1,968,400.00. Following the completion of the transaction, the chief executive officer directly owned 142,996 shares in the company, valued at $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,250 shares of company stock worth $3,143,556. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ADI shares. Barclays boosted their price objective on Analog Devices from $170.00 to $185.00 and gave the stock an “equal weight” rating in a report on Friday, May 23rd. Raymond James Financial raised Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a research note on Wednesday, June 18th. Morgan Stanley dropped their target price on Analog Devices from $214.00 to $212.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. Oppenheimer increased their price target on shares of Analog Devices from $225.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company set a $235.00 price objective on shares of Analog Devices and gave the company an “equal weight” rating in a research report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $251.75.

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.