ProShare Advisors LLC Sells 159,301 Shares of Analog Devices, Inc. $ADI

ProShare Advisors LLC cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 18.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 712,476 shares of the semiconductor company’s stock after selling 159,301 shares during the quarter. ProShare Advisors LLC owned 0.14% of Analog Devices worth $175,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ADI. Quent Capital LLC increased its stake in Analog Devices by 2.4% in the third quarter. Quent Capital LLC now owns 1,810 shares of the semiconductor company’s stock valued at $445,000 after acquiring an additional 42 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Analog Devices by 2.5% in the 3rd quarter. Sivia Capital Partners LLC now owns 1,796 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 44 shares in the last quarter. Klingman & Associates LLC increased its position in shares of Analog Devices by 3.7% during the 3rd quarter. Klingman & Associates LLC now owns 1,274 shares of the semiconductor company’s stock valued at $313,000 after purchasing an additional 45 shares during the last quarter. Solstein Capital LLC raised its holdings 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 buying an additional 46 shares in the last quarter. Finally, Keystone Financial Services lifted its position in Analog Devices by 1.2% in the 2nd quarter. Keystone Financial Services now owns 3,837 shares of the semiconductor company’s stock worth $913,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

Analog Devices stock opened at $320.45 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The firm has a market cap of $156.58 billion, a P/E ratio of 70.27, a P/E/G ratio of 1.74 and a beta of 1.03. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $327.75. The firm has a 50-day moving average of $290.44 and a 200-day moving average of $257.41.

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 analysts’ consensus estimates of $2.22 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.Analog Devices’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.67 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were paid a dividend of $0.99 per share. 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 1.2%. Analog Devices’s payout ratio is presently 86.84%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ADI shares. UBS Group set a $350.00 price target on shares of Analog Devices in a research report on Wednesday, January 21st. KeyCorp lifted their target price on shares of Analog Devices from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. BNP Paribas Exane started coverage on shares of Analog Devices in a research report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price target for the company. Robert W. Baird lifted their price objective on Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Finally, Benchmark reissued a “buy” rating and issued a $285.00 target price on shares of Analog Devices in a research note on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.04.

Insider Activity

In related news, SVP Katsufumi Nakamura sold 500 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $301.46, for a total transaction of $150,730.00. Following the transaction, the senior vice president owned 12,710 shares in the company, valued at $3,831,556.60. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the completion of the sale, the chief executive officer owned 155,688 shares of the company’s stock, valued at $47,783,760.96. This trade represents a 6.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 53,544 shares of company stock worth $15,320,417. 0.36% of the stock is owned by company insiders.

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.