Employees Retirement System of Texas reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 25.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 21,017 shares of the semiconductor company’s stock after selling 7,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Analog Devices were worth $1,871,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Sit Investment Associates Inc. raised its holdings in Analog Devices by 381.1% in the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,010 shares during the period. Cerebellum GP LLC bought a new position in Analog Devices in the 4th quarter worth $130,000. Fieldpoint Private Securities LLC raised its holdings in Analog Devices by 91.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 705 shares during the period. Clear Perspective Advisors LLC raised its holdings in Analog Devices by 3,884.2% in the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 1,476 shares during the period. Finally, NEXT Financial Group Inc raised its holdings in Analog Devices by 64.4% in the 3rd quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 600 shares during the period. 85.82% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. BidaskClub raised Analog Devices from a “sell” rating to a “hold” rating in a report on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $103.00 target price (up from $98.00) on shares of Analog Devices in a report on Wednesday, November 22nd. Stifel Nicolaus decreased their target price on Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. Drexel Hamilton reaffirmed a “buy” rating and issued a $105.00 target price on shares of Analog Devices in a report on Tuesday, November 21st. Finally, Piper Jaffray Companies assumed coverage on Analog Devices in a report on Monday, December 18th. They issued a “neutral” rating and a $92.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Analog Devices has a consensus rating of “Buy” and a consensus target price of $97.52.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th will be given a dividend of $0.48 per share. This is a positive change from Analog Devices’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.08%. Analog Devices’s dividend payout ratio (DPR) is presently 86.96%.
In other news, CEO Vincent Roche sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $85.17, for a total transaction of $8,517,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joseph Hassett sold 18,400 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $85.06, for a total value of $1,565,104.00. Following the transaction, the senior vice president now owns 30,139 shares of the company’s stock, valued at approximately $2,563,623.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,618 shares of company stock valued at $15,142,228. Company insiders own 0.70% of the company’s stock.
About Analog Devices
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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