Rehmann Capital Advisory Group Has $344,000 Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Rehmann Capital Advisory Group cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,740 shares of the semiconductor company’s stock after selling 77 shares during the period. Rehmann Capital Advisory Group’s holdings in Analog Devices were worth $344,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Amarillo National Bank grew its position in shares of Analog Devices by 3.7% in the fourth quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock valued at $300,000 after purchasing an additional 54 shares during the last quarter. Mcdonald Partners LLC grew its position in shares of Analog Devices by 0.7% in the first quarter. Mcdonald Partners LLC now owns 7,567 shares of the semiconductor company’s stock valued at $1,497,000 after purchasing an additional 54 shares during the last quarter. Keystone Financial Services grew its position in shares of Analog Devices by 1.8% in the fourth quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock valued at $623,000 after purchasing an additional 55 shares during the last quarter. Wealth Alliance grew its position in shares of Analog Devices by 3.6% in the fourth quarter. Wealth Alliance now owns 1,769 shares of the semiconductor company’s stock valued at $351,000 after purchasing an additional 61 shares during the last quarter. Finally, MCF Advisors LLC grew its position in Analog Devices by 15.8% during the fourth quarter. MCF Advisors LLC now owns 448 shares of the semiconductor company’s stock worth $89,000 after buying an additional 61 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Trading Up 0.1 %

NASDAQ:ADI traded up $0.22 during trading hours on Thursday, hitting $238.55. 115,164 shares of the company were exchanged, compared to its average volume of 3,255,981. The stock has a market capitalization of $118.37 billion, a price-to-earnings ratio of 55.77, a price-to-earnings-growth ratio of 3.94 and a beta of 1.08. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $241.88. The company has a fifty day simple moving average of $225.67 and a 200 day simple moving average of $204.57.

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 business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. Analog Devices’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same period last year, the company earned $2.83 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 6.24 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.54%. Analog Devices’s payout ratio is currently 85.98%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ADI. Stifel Nicolaus increased their price target on Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, May 20th. Jefferies Financial Group began coverage on Analog Devices in a research report on Monday, May 13th. They set a “buy” rating and a $250.00 price target on the stock. Morgan Stanley increased their price target on Analog Devices from $221.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. KeyCorp increased their price target on Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Finally, Citigroup raised their target price on Analog Devices from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $243.23.

Insiders Place Their Bets

In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the completion of the sale, the executive vice president now directly owns 69,241 shares in the company, valued at approximately $16,198,239.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the completion of the sale, the executive vice president now directly owns 69,241 shares in the company, valued at approximately $16,198,239.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Champy sold 4,200 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $233.55, for a total value of $980,910.00. Following the sale, the director now owns 6,371 shares of the company’s stock, valued at $1,487,947.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,642 shares of company stock worth $10,481,343. Company insiders own 0.31% of the company’s stock.

Analog Devices Company 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.