Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,446 shares of the semiconductor company’s stock after selling 808 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Analog Devices were worth $1,677,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ADI. CTC Alternative Strategies Ltd. acquired a new stake in Analog Devices in the 4th quarter valued at about $1,152,000. Sequoia Financial Advisors LLC boosted its stake in Analog Devices by 107.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 12,667 shares of the semiconductor company’s stock worth $2,515,000 after buying an additional 6,564 shares during the last quarter. Prime Capital Investment Advisors LLC grew its holdings in Analog Devices by 37.5% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 8,118 shares of the semiconductor company’s stock valued at $1,612,000 after buying an additional 2,215 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Analog Devices by 4.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 100,451 shares of the semiconductor company’s stock worth $19,946,000 after acquiring an additional 4,516 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Analog Devices by 31.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 373,625 shares of the semiconductor company’s stock worth $74,187,000 after acquiring an additional 89,504 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Activity

In other news, Director James Champy sold 1,228 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the transaction, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director James Champy sold 1,228 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $197.40, for a total value of $1,974,000.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $10,075,098.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,707 shares of company stock worth $4,874,613. 0.31% of the stock is currently owned by corporate insiders.

Analog Devices Stock Down 0.0 %

NASDAQ:ADI traded down $0.07 during midday trading on Thursday, reaching $204.79. The company had a trading volume of 2,941,773 shares, compared to its average volume of 3,326,513. The stock’s fifty day simple moving average is $195.19 and its 200-day simple moving average is $189.00. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $205.77. The firm has a market capitalization of $101.56 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 5.01 and a beta of 1.14.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the business posted $2.75 EPS. The business’s quarterly revenue was down 22.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were given a $0.92 dividend. The ex-dividend date was Monday, March 4th. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.80%. Analog Devices’s dividend payout ratio is currently 65.83%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADI. Oppenheimer restated an “outperform” rating and set a $215.00 price objective on shares of Analog Devices in a research report on Thursday, February 22nd. KeyCorp upped their price objective on Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Wolfe Research raised Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 target price for the company in a research note on Thursday, January 18th. Barclays lifted their target price on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $205.00 price target on shares of Analog Devices in a report on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $208.17.

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.