Shelton Capital Management Has $14.32 Million Stock Holdings in Analog Devices, Inc. $ADI

Shelton Capital Management trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,153 shares of the semiconductor company’s stock after selling 504 shares during the period. Shelton Capital Management’s holdings in Analog Devices were worth $14,318,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ADI. Baader Bank Aktiengesellschaft increased its position in shares of Analog Devices by 3.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock valued at $270,000 after purchasing an additional 43 shares during the period. Bennett Associates Wealth Management lifted its position in Analog Devices by 2.9% in the second quarter. Bennett Associates Wealth Management now owns 1,624 shares of the semiconductor company’s stock worth $387,000 after purchasing an additional 46 shares during the period. Solstein Capital LLC boosted its stake in Analog Devices by 2.0% during the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock worth $549,000 after buying an additional 46 shares in the last quarter. Keystone Financial Services increased its holdings in Analog Devices by 1.2% in the 2nd quarter. Keystone Financial Services now owns 3,837 shares of the semiconductor company’s stock valued at $913,000 after buying an additional 46 shares during the period. Finally, EFG Asset Management North America Corp. increased its holdings in Analog Devices by 0.3% in the 1st quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company’s stock valued at $2,866,000 after buying an additional 47 shares during the period. Institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $265.52 on Monday. The stock has a market capitalization of $130.01 billion, a price-to-earnings ratio of 67.73, a P/E/G ratio of 1.98 and a beta of 1.09. The firm’s 50-day moving average price is $239.64 and its two-hundred day moving average price is $236.35. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $265.75.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. Analog Devices’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. On average, equities analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Monday, December 8th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.5%. Analog Devices’s payout ratio is currently 86.84%.

Analyst Ratings Changes

A number of research firms have recently commented on ADI. JPMorgan Chase & Co. raised their price objective on shares of Analog Devices from $310.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Stifel Nicolaus set a $280.00 price target on shares of Analog Devices in a research report on Friday, November 21st. Truist Financial raised their price target on shares of Analog Devices from $249.00 to $258.00 and gave the stock a “hold” rating in a research note on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $300.00 price objective on shares of Analog Devices in a research note on Tuesday, November 25th. Finally, Morgan Stanley increased their target price on Analog Devices from $288.00 to $293.00 and gave the stock an “overweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $281.87.

Insiders Place Their Bets

In related news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total value of $719,406.25. Following the completion of the transaction, the director directly owned 142,571 shares of the company’s stock, valued at $32,821,269.91. The trade was a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $234.95, for a total transaction of $2,349,500.00. Following the transaction, the chief executive officer owned 163,640 shares in the company, valued at approximately $38,447,218. This trade represents a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 39,750 shares of company stock worth $9,598,496 in the last three months. Company insiders own 0.33% of the company’s stock.

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.