Analog Devices, Inc. $ADI Shares Sold by Glenview Trust Co

Glenview Trust Co trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,857 shares of the semiconductor company’s stock after selling 4,709 shares during the quarter. Glenview Trust Co’s holdings in Analog Devices were worth $37,311,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Howard Hughes Medical Institute purchased a new stake in Analog Devices in the 2nd quarter valued at $25,000. Clayton Financial Group LLC acquired a new position in shares of Analog Devices during the 3rd quarter valued at about $31,000. LFA Lugano Financial Advisors SA grew its holdings in shares of Analog Devices by 92.9% in the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 65 shares during the period. Valley Wealth Managers Inc. acquired a new stake in Analog Devices during the third quarter worth about $38,000. Finally, Sound Income Strategies LLC raised its stake in Analog Devices by 141.8% during the third quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 95 shares during the period. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADI. Cfra restated a “buy” rating and set a $280.00 price target on shares of Analog Devices in a report on Tuesday, November 25th. Barclays raised Analog Devices from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $315.00 to $375.00 in a research note on Thursday, February 12th. Citigroup upped their price target on Analog Devices from $290.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. UBS Group reiterated a “buy” rating and set a $400.00 price target on shares of Analog Devices in a report on Monday, February 9th. Finally, Benchmark restated a “buy” rating and issued a $285.00 price objective on shares of Analog Devices in a report on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $314.87.

Insider Transactions at Analog Devices

In other Analog Devices news, SVP Katsufumi Nakamura sold 500 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $301.46, for a total value of $150,730.00. Following the sale, the senior vice president directly owned 12,710 shares of the company’s stock, valued at approximately $3,831,556.60. This represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Martin Cotter sold 10,000 shares of Analog Devices stock in a transaction on Monday, January 5th. The stock was sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the sale, the senior vice president directly owned 49,664 shares of the company’s stock, valued at approximately $13,828,444.16. This trade represents a 16.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,544 shares of company stock valued at $15,320,417 over the last quarter. Insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

NASDAQ:ADI opened at $337.10 on Tuesday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $343.96. The company has a fifty day simple moving average of $297.14 and a two-hundred day simple moving average of $261.77. 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 company has a market cap of $164.72 billion, a price-to-earnings ratio of 73.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the firm earned $1.67 earnings per share. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal 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 paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, December 8th. Analog Devices’s dividend 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.