Bryn Mawr Capital Management LLC Decreases Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Bryn Mawr Capital Management LLC lessened its stake in Analog Devices, Inc. (NASDAQ:ADI) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,575 shares of the semiconductor company’s stock after selling 1,025 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Analog Devices were worth $7,578,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in Analog Devices in the 4th quarter valued at about $27,000. Menard Financial Group LLC acquired a new position in shares of Analog Devices during the fourth quarter valued at approximately $27,000. Alpine Bank Wealth Management acquired a new position in Analog Devices in the first quarter worth approximately $27,000. Cassady Schiller Wealth Management LLC boosted its stake in shares of 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 buying an additional 55 shares during the period. Finally, North Capital Inc. acquired a new stake in shares of Analog Devices in the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Analog Devices stock opened at $245.01 on Tuesday. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. The business has a fifty day moving average of $226.94 and a two-hundred day moving average of $213.90. The company has a market cap of $121.59 billion, a P/E ratio of 66.47, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business posted $1.40 EPS. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. As a group, analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.62%. Analog Devices’s payout ratio is currently 107.90%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ADI shares. Evercore ISI boosted their price objective on shares of Analog Devices from $231.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. Seaport Res Ptn upgraded shares of Analog Devices to a “strong sell” rating in a report on Wednesday, April 30th. Raymond James Financial raised shares of Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a research report on Wednesday, June 18th. Cowen reiterated a “buy” rating on shares of Analog Devices in a research note on Friday, May 23rd. Finally, Morgan Stanley reduced their target price on shares of Analog Devices from $214.00 to $212.00 and set an “overweight” rating on the stock in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and a consensus target price of $257.67.

Insiders Place Their Bets

In related news, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total transaction of $612,000.00. Following the transaction, the director directly owned 180,071 shares of the company’s stock, valued at approximately $35,265,104.64. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $196.84, for a total value of $1,968,400.00. Following the transaction, the chief executive officer directly owned 142,996 shares in the company, valued at approximately $28,147,332.64. This represents a 6.54% decrease in their position. The disclosure for this sale can be found here. 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.