LMR Partners LLP lowered its position in Analog Devices, Inc. (NASDAQ:ADI) by 47.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,480 shares of the semiconductor company’s stock after selling 5,834 shares during the period. LMR Partners LLP’s holdings in Analog Devices were worth $558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Analog Devices during the second quarter valued at approximately $119,000. WFG Advisors LP raised its stake in Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after buying an additional 330 shares in the last quarter. NEXT Financial Group Inc raised its stake in Analog Devices by 64.4% in the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after buying an additional 600 shares in the last quarter. Crow Point Partners LLC bought a new position in Analog Devices in the third quarter worth approximately $140,000. Finally, Archford Capital Strategies LLC raised its stake in Analog Devices by 3,590.9% in the second quarter. Archford Capital Strategies LLC now owns 4,466 shares of the semiconductor company’s stock worth $158,000 after buying an additional 4,345 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

ADI has been the subject of a number of recent research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $92.00 price objective on shares of Analog Devices in a research note on Friday, August 4th. Drexel Hamilton reissued a “buy” rating and issued a $105.00 price objective on shares of Analog Devices in a research note on Wednesday, August 30th. B. Riley reissued a “buy” rating and issued a $110.00 price objective on shares of Analog Devices in a research note on Sunday, August 27th. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $97.00 price objective on shares of Analog Devices in a research note on Monday, September 25th. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $96.04.

In related news, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total transaction of $369,995.65. Following the completion of the transaction, the senior vice president now directly owns 13,531 shares in the company, valued at $1,111,301.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray Stata sold 25,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the transaction, the director now owns 234,481 shares of the company’s stock, valued at $19,579,163.50. The disclosure for this sale can be found here. Insiders have sold 132,994 shares of company stock worth $11,370,618 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Shares of Analog Devices, Inc. (ADI) opened at $89.15 on Monday. The firm has a market cap of $32,863.90, a price-to-earnings ratio of 19.05, a PEG ratio of 1.68 and a beta of 1.32. The company has a current ratio of 1.47, a quick ratio of 1.52 and a debt-to-equity ratio of 0.74. Analog Devices, Inc. has a 1-year low of $68.42 and a 1-year high of $93.99.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The business’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. analysts predict that Analog Devices, Inc. will post 5.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, November 30th. Analog Devices’s dividend payout ratio (DPR) is presently 86.96%.

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About Analog Devices

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

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

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