Analog Devices, Inc. $ADI Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp trimmed its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,793 shares of the semiconductor company’s stock after selling 2,966 shares during the quarter. Analog Devices accounts for 1.2% of Dupont Capital Management Corp’s holdings, making the stock its 28th largest holding. Dupont Capital Management Corp’s holdings in Analog Devices were worth $11,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Analog Devices by 1.5% during the second quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock worth $11,955,086,000 after buying an additional 761,861 shares in the last quarter. State Street Corp raised its holdings in Analog Devices by 2.2% in the second quarter. State Street Corp now owns 23,317,256 shares of the semiconductor company’s stock valued at $5,549,973,000 after acquiring an additional 506,507 shares in the last quarter. Geode Capital Management LLC lifted its stake in Analog Devices by 5.7% in the second quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock worth $2,770,448,000 after acquiring an additional 633,425 shares during the last quarter. Norges Bank acquired a new position in Analog Devices during the 2nd quarter worth approximately $1,803,377,000. Finally, Ameriprise Financial Inc. grew its holdings in Analog Devices by 6.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,326,772 shares of the semiconductor company’s stock worth $1,506,448,000 after acquiring an additional 375,207 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Analog Devices from $280.00 to $320.00 and gave the company a “buy” rating in a report on Monday, December 8th. Bank of America increased their target price on Analog Devices from $275.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Morgan Stanley lifted their price target on Analog Devices from $288.00 to $293.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Analog Devices in a research report on Monday. Finally, Zacks Research downgraded Analog Devices from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $287.22.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $271.20 on Friday. The stock has a market cap of $132.79 billion, a P/E ratio of 59.47, a P/E/G ratio of 1.50 and a beta of 1.03. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $284.23. The stock has a 50 day moving average of $256.36 and a two-hundred day moving average of $245.36. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 EPS. On average, research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is 86.84%.

Insider Activity

In other news, CAO Michael Sondel sold 8,169 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the completion of the sale, the chief accounting officer owned 18,913 shares in the company, valued at $5,258,381.39. This represents a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on 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 transaction, the chief executive officer owned 163,640 shares in the company, valued at approximately $38,447,218. This trade represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 30,419 shares of company stock worth $7,811,917 over the last quarter. 0.33% of the stock is owned by insiders.

About Analog Devices

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.