Analog Devices, Inc. $ADI Shares Sold by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 59.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,833 shares of the semiconductor company’s stock after selling 11,300 shares during the period. BLI Banque de Luxembourg Investments’ holdings in Analog Devices were worth $1,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management increased its stake in Analog Devices by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock worth $26,000 after buying an additional 127 shares in the last quarter. RMG Wealth Management LLC purchased a new position in shares of Analog Devices in the second quarter valued at approximately $26,000. Saudi Central Bank acquired a new stake in shares of Analog Devices in the first quarter worth approximately $39,000. Nova Wealth Management Inc. purchased a new stake in shares of Analog Devices during the first quarter worth approximately $42,000. Finally, Access Investment Management LLC purchased a new stake in shares of Analog Devices during the second quarter worth approximately $45,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

NASDAQ:ADI opened at $265.52 on Monday. The company’s 50-day moving average is $239.64 and its two-hundred day moving average is $236.35. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $265.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The firm has a market capitalization of $130.01 billion, a price-to-earnings ratio of 67.73, a PEG ratio of 1.98 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.22 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 EPS. Analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Monday, December 8th will be issued a dividend of $0.99 per share. The ex-dividend date is Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.5%. Analog Devices’s dividend payout ratio is currently 86.84%.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on Analog Devices from $250.00 to $265.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. BNP Paribas assumed coverage on shares of Analog Devices in a research report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 target price for the company. Benchmark restated a “buy” rating and set a $285.00 price target on shares of Analog Devices in a research report on Wednesday, November 26th. Stifel Nicolaus set a $280.00 price objective on shares of Analog Devices in a research note on Friday, November 21st. Finally, Cantor Fitzgerald increased their price objective on shares of Analog Devices from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $281.87.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $234.95, for a total transaction of $2,349,500.00. Following the completion of the sale, the chief executive officer directly owned 163,640 shares in the company, valued at $38,447,218. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $242.74, for a total transaction of $242,740.00. Following the completion of the sale, the director directly owned 5,118 shares in the company, valued at $1,242,343.32. This trade represents a 16.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 39,750 shares of company stock valued at $9,598,496 over the last 90 days. Company insiders own 0.33% of the company’s stock.

Analog Devices Company Profile

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.