Rhumbline Advisers Has $223.96 Million Position in Analog Devices, Inc. $ADI

Rhumbline Advisers trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.1% in the third quarter, Holdings Channel reports. The institutional investor owned 911,517 shares of the semiconductor company’s stock after selling 10,296 shares during the period. Rhumbline Advisers’ holdings in Analog Devices were worth $223,960,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Krilogy Financial LLC acquired a new stake in shares of Analog Devices during the third quarter valued at about $310,000. Center for Financial Planning Inc. boosted its stake in Analog Devices by 37.5% in the third quarter. Center for Financial Planning Inc. now owns 2,437 shares of the semiconductor company’s stock valued at $599,000 after acquiring an additional 665 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in Analog Devices by 3.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,668 shares of the semiconductor company’s stock valued at $901,000 after buying an additional 127 shares in the last quarter. MQS Management LLC raised its holdings in shares of Analog Devices by 127.3% in the 3rd quarter. MQS Management LLC now owns 2,180 shares of the semiconductor company’s stock valued at $536,000 after acquiring an additional 1,221 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its stake in Analog Devices by 14.8% during the third quarter. Baader Bank Aktiengesellschaft now owns 1,327 shares of the semiconductor company’s stock worth $305,000 after purchasing an additional 171 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Katsufumi Nakamura sold 500 shares of the firm’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $301.46, for a total transaction of $150,730.00. Following the sale, the senior vice president owned 12,710 shares of the company’s stock, valued at approximately $3,831,556.60. This trade represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $306.92, for a total value of $3,069,200.00. Following the transaction, the chief executive officer directly owned 155,688 shares in the company, valued at approximately $47,783,760.96. This represents a 6.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 53,544 shares of company stock worth $15,320,417 in the last three months. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Stock Up 0.7%

ADI opened at $325.16 on Wednesday. The stock has a market cap of $158.88 billion, a price-to-earnings ratio of 71.31, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03. The firm’s fifty day moving average is $292.61 and its 200 day moving average is $258.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $327.74.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. On average, sell-side analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were issued a $0.99 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is currently 86.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price target on shares of Analog Devices in a report on Tuesday, December 16th. Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Bank of America boosted their price target on shares of Analog Devices from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Cfra restated a “buy” rating and issued a $280.00 price objective on shares of Analog Devices in a report on Tuesday, November 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $314.00 price objective on shares of Analog Devices in a research report on Friday, January 16th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $314.22.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.