Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Coastline Trust Co

Coastline Trust Co decreased its position in Analog Devices, Inc. (NASDAQ:ADIFree Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,460 shares of the semiconductor company’s stock after selling 96 shares during the period. Coastline Trust Co’s holdings in Analog Devices were worth $2,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Halpern Financial Inc. lifted its holdings in shares of Analog Devices by 331.4% during the third quarter. Halpern Financial Inc. now owns 151 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 116 shares during the period. Fortis Capital Advisors LLC purchased a new position in Analog Devices during the first quarter valued at approximately $31,000. Silver Oak Securities Incorporated purchased a new position in Analog Devices during the third quarter valued at approximately $29,000. West Tower Group LLC purchased a new position in Analog Devices during the second quarter valued at approximately $32,000. Finally, Quarry LP raised its position in Analog Devices by 267.4% during the first quarter. Quarry LP now owns 169 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Edward Jones upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Wolfe Research upgraded Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price objective for the company in a research report on Thursday, January 18th. The Goldman Sachs Group boosted their price objective on Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Sanford C. Bernstein downgraded shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective on the stock. in a report on Thursday, January 4th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $212.00 target price (down previously from $219.00) on shares of Analog Devices in a research report on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $206.26.

Get Our Latest Stock Report on ADI

Analog Devices Stock Down 0.9 %

Shares of ADI stock traded down $1.74 during trading on Tuesday, reaching $194.88. The company’s stock had a trading volume of 2,495,800 shares, compared to its average volume of 3,404,978. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98. The company has a market capitalization of $96.64 billion, a price-to-earnings ratio of 34.86, a P/E/G ratio of 4.96 and a beta of 1.17. The stock’s 50-day moving average price is $193.13 and its 200 day moving average price is $184.95. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $202.77.

Analog Devices (NASDAQ:ADIGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business posted $2.75 earnings per share. The business’s quarterly revenue was down 22.7% compared to the same quarter last year. On average, research analysts anticipate that Analog Devices, Inc. will post 5.86 EPS for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were given a $0.92 dividend. The ex-dividend date was Monday, March 4th. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.89%. Analog Devices’s dividend payout ratio is currently 65.83%.

Insider Buying and Selling at Analog Devices

In other news, Director James Champy sold 1,228 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the transaction, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director James Champy sold 1,228 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $10,075,098.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,228 shares of company stock valued at $4,137,802. Insiders own 0.31% of the company’s stock.

Analog Devices Company Profile

(Free Report)

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.

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

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