Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Monumental Financial Group Inc.

Monumental Financial Group Inc. reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,745 shares of the semiconductor company’s stock after selling 171 shares during the period. Monumental Financial Group Inc.’s holdings in Analog Devices were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADI. Pinnacle Bancorp Inc. increased its position in shares of Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 65 shares during the period. USA Financial Formulas raised its stake in shares of Analog Devices by 87.8% in the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 65 shares during the last quarter. Cetera Trust Company N.A acquired a new stake in shares of Analog Devices during the fourth quarter worth about $29,000. Private Wealth Management Group LLC purchased a new stake in Analog Devices in the fourth quarter valued at approximately $29,000. Finally, Riverview Trust Co acquired a new position in Analog Devices in the 1st quarter worth approximately $30,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Analog Devices

In other news, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares in the company, valued at approximately $1,134,982.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $10,075,098.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the sale, the executive vice president now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,121 shares of company stock valued at $10,875,654. 0.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on ADI shares. Evercore ISI began coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price objective for the company. Sanford C. Bernstein upped their price target on shares of Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Morgan Stanley lifted their price objective on Analog Devices from $221.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday, May 23rd. Finally, Susquehanna lifted their price target on Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a research report on Thursday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and a consensus target price of $243.23.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded up $1.58 during trading on Friday, reaching $228.26. The stock had a trading volume of 3,634,130 shares, compared to its average volume of 3,017,578. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $241.88. The stock has a market cap of $113.27 billion, a PE ratio of 53.33, a PEG ratio of 3.82 and a beta of 1.12. The business has a fifty day moving average price of $220.13 and a 200-day moving average price of $202.57.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.14. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The firm’s quarterly revenue was down 33.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.83 EPS. On average, equities analysts forecast that Analog Devices, Inc. will post 6.24 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th were given a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.61%. Analog Devices’s dividend payout ratio (DPR) is presently 85.98%.

Analog Devices 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.