Vista Cima Wealth Management LLC cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 70.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 807 shares of the semiconductor company’s stock after selling 1,950 shares during the quarter. Vista Cima Wealth Management LLC’s holdings in Analog Devices were worth $219,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of ADI. Brighton Jones LLC boosted its stake in shares of Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 529 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Analog Devices by 36.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after acquiring an additional 464 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of Analog Devices by 38.0% during the 2nd quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company’s stock worth $10,610,000 after acquiring an additional 12,276 shares in the last quarter. HUB Investment Partners LLC bought a new stake in shares of Analog Devices during the 2nd quarter worth $644,000. Finally, Peapack Gladstone Financial Corp boosted its stake in shares of Analog Devices by 2.4% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company’s stock worth $14,322,000 after acquiring an additional 1,406 shares in the last quarter. 86.81% of the stock is owned by institutional investors.
Analog Devices Price Performance
Shares of NASDAQ:ADI opened at $428.93 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 1 year low of $217.02 and a 1 year high of $439.70. The business has a fifty day simple moving average of $380.81 and a 200 day simple moving average of $328.01. The firm has a market cap of $208.93 billion, a price-to-earnings ratio of 63.73, a P/E/G ratio of 1.23 and a beta of 1.18.
Analog Devices Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is currently 65.38%.
Insider Buying and Selling at Analog Devices
In related news, SVP Martin Cotter sold 17,594 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the sale, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their ownership of the stock. 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 30,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total value of $12,453,900.00. Following the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at approximately $57,096,149.94. This represents a 17.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 97,594 shares of company stock valued at $38,873,292. 0.36% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
ADI has been the subject of a number of research analyst reports. TD Cowen increased their target price on Analog Devices from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, May 21st. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 target price on shares of Analog Devices in a report on Wednesday, May 20th. Susquehanna increased their target price on Analog Devices from $360.00 to $400.00 and gave the company a “positive” rating in a report on Thursday, February 19th. Evercore restated an “outperform” rating and issued a $474.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Finally, Bank of America increased their target price on Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $432.71.
Read Our Latest Research Report on ADI
About Analog Devices
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.
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