AMP Capital Investors Ltd cut its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,508 shares of the semiconductor company’s stock after selling 2,767 shares during the quarter. AMP Capital Investors Ltd’s holdings in Analog Devices were worth $8,804,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Moody National Bank Trust Division purchased a new position in shares of Analog Devices during the third quarter valued at approximately $105,000. Fort L.P. purchased a new position in shares of Analog Devices during the second quarter valued at approximately $117,000. Integrated Investment Consultants LLC purchased a new position in shares of Analog Devices during the second quarter valued at approximately $130,000. Atlas Capital Advisors LLC purchased a new position in shares of Analog Devices during the third quarter valued at approximately $146,000. Finally, Gamble Jones Investment Counsel purchased a new position in shares of Analog Devices during the second quarter valued at approximately $200,000. Institutional investors and hedge funds own 89.57% of the company’s stock.

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $85.00, for a total value of $850,000.00. Following the transaction, the chief executive officer now owns 27,376 shares of the company’s stock, valued at approximately $2,326,960. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Margaret K. Seif sold 2,700 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $93.34, for a total transaction of $252,018.00. Following the completion of the transaction, the senior vice president now directly owns 24,517 shares in the company, valued at approximately $2,288,416.78. The disclosure for this sale can be found here. In the last three months, insiders sold 50,800 shares of company stock worth $4,601,096. Insiders own 0.70% of the company’s stock.

NASDAQ:ADI opened at $90.44 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a market cap of $34.03 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 1.37 and a beta of 1.27. Analog Devices, Inc. has a fifty-two week low of $76.62 and a fifty-two week high of $103.59.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 20th. The semiconductor company reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.03. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. Analog Devices had a net margin of 24.12% and a return on equity of 20.88%. Analog Devices’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 earnings per share. On average, equities analysts predict that Analog Devices, Inc. will post 5.5 earnings per share for the current fiscal year.

Analog Devices declared that its Board of Directors has approved a share buyback plan on Tuesday, August 21st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 29th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Wednesday, November 28th. Analog Devices’s dividend payout ratio is presently 32.32%.

Several equities analysts recently issued reports on the stock. SunTrust Banks reduced their price objective on shares of Analog Devices to $106.00 and set a “buy” rating on the stock in a research note on Sunday, November 25th. Morgan Stanley reduced their price objective on shares of Analog Devices from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 21st. Nomura reduced their price objective on shares of Analog Devices from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 21st. Piper Jaffray Companies reduced their price objective on shares of Analog Devices from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 21st. Finally, Loop Capital reduced their price objective on shares of Analog Devices to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, November 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $100.52.

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Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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