Vanguard Personalized Indexing Management LLC Lowers Holdings in Analog Devices, Inc. $ADI

Vanguard Personalized Indexing Management LLC reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,214 shares of the semiconductor company’s stock after selling 2,866 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Analog Devices were worth $16,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Solstein Capital LLC boosted its position in shares of Analog Devices by 2.0% during the 2nd quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock valued at $549,000 after acquiring an additional 46 shares during the last quarter. SG Americas Securities LLC raised its stake in Analog Devices by 684.6% during the third quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock valued at $211,871,000 after purchasing an additional 752,411 shares in the last quarter. Voya Investment Management LLC lifted its position in Analog Devices by 22.3% during the third quarter. Voya Investment Management LLC now owns 1,293,403 shares of the semiconductor company’s stock valued at $317,789,000 after purchasing an additional 236,211 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Analog Devices by 55.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,204,226 shares of the semiconductor company’s stock worth $295,878,000 after buying an additional 427,467 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Analog Devices by 15.5% in the 3rd quarter. Cerity Partners LLC now owns 303,069 shares of the semiconductor company’s stock worth $74,463,000 after buying an additional 40,738 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ADI shares. Benchmark reaffirmed a “buy” rating and issued a $285.00 price target on shares of Analog Devices in a report on Wednesday, November 26th. Barclays set a $315.00 price objective on Analog Devices in a research note on Thursday, January 15th. Zacks Research raised Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Cfra restated a “buy” rating and set a $280.00 price target 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 note on Friday, January 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.04.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $275.07, for a total transaction of $2,750,700.00. Following the completion of the sale, the chief executive officer owned 155,688 shares of the company’s stock, valued at $42,825,098.16. This represents a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total value of $719,406.25. Following the transaction, the director owned 142,571 shares in the company, valued at approximately $32,821,269.91. This trade represents a 2.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,544 shares of company stock worth $14,328,561 over the last 90 days. 0.33% of the stock is currently owned by insiders.

Analog Devices Stock Performance

Shares of ADI stock opened at $305.60 on Monday. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. The firm has a market cap of $149.64 billion, a price-to-earnings ratio of 67.02, a PEG ratio of 1.65 and a beta of 1.03. The company’s 50 day moving average is $275.97 and its 200 day moving average is $252.16. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $313.54.

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

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were given 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 1.3%. Analog Devices’s payout ratio is presently 86.84%.

Analog Devices 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.