Analog Devices, Inc. $ADI Shares Bought by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 15.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 303,069 shares of the semiconductor company’s stock after buying an additional 40,738 shares during the quarter. Cerity Partners LLC owned about 0.06% of Analog Devices worth $74,463,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADI. Robert W. Baird raised their target price on shares of Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. The Goldman Sachs Group restated a “buy” rating and set a $300.00 target price on shares of Analog Devices in a research report on Tuesday, November 25th. Wall Street Zen lowered Analog Devices from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Stifel Nicolaus set a $280.00 target price on Analog Devices in a research report on Friday, November 21st. Finally, BNP Paribas initiated coverage on Analog Devices in a research report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $287.22.

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $279.39, for a total value of $873,093.75. Following the transaction, the director owned 136,321 shares in the company, valued at approximately $38,086,724.19. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 155,688 shares in the company, valued at approximately $42,825,098.16. This represents a 6.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,419 shares of company stock worth $10,319,877 over the last ninety days. 0.33% of the stock is owned by insiders.

Analog Devices Trading Down 0.0%

Shares of Analog Devices stock opened at $292.89 on Thursday. The firm has a market cap of $143.41 billion, a PE ratio of 64.23, a P/E/G ratio of 1.62 and a beta of 1.03. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $294.15. The business’s fifty day moving average is $259.99 and its two-hundred day moving average is $247.01.

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

Analog Devices Announces Dividend

The company also recently announced 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 dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Analog Devices Company 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.