Dupont Capital Management Corp Has $10.45 Million Stake in Analog Devices, Inc. (NASDAQ:ADI)

Dupont Capital Management Corp decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,624 shares of the semiconductor company’s stock after selling 2,961 shares during the quarter. Dupont Capital Management Corp’s holdings in Analog Devices were worth $10,449,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Drive Wealth Management LLC raised its stake in Analog Devices by 9.3% during the fourth quarter. Drive Wealth Management LLC now owns 1,326 shares of the semiconductor company’s stock worth $263,000 after acquiring an additional 113 shares in the last quarter. Werba Rubin Papier Wealth Management acquired a new position in Analog Devices during the fourth quarter worth about $208,000. First Citizens Bank & Trust Co. increased its stake in shares of Analog Devices by 1.0% in the fourth quarter. First Citizens Bank & Trust Co. now owns 30,329 shares of the semiconductor company’s stock valued at $6,022,000 after buying an additional 301 shares during the period. Pinnacle Financial Partners Inc increased its stake in shares of Analog Devices by 9.1% in the fourth quarter. Pinnacle Financial Partners Inc now owns 2,489 shares of the semiconductor company’s stock valued at $494,000 after buying an additional 207 shares during the period. Finally, Prio Wealth Limited Partnership increased its stake in shares of Analog Devices by 34.6% in the fourth quarter. Prio Wealth Limited Partnership now owns 3,963 shares of the semiconductor company’s stock valued at $787,000 after buying an additional 1,019 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADI. KeyCorp upped their price objective on Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Barclays upped their target price on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Morgan Stanley reiterated an “overweight” rating and issued a $212.00 target price (down from $219.00) on shares of Analog Devices in a report on Thursday, February 22nd. Sanford C. Bernstein cut Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 target price on the stock. in a report on Thursday, January 4th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $215.00 target price on shares of Analog Devices in a report on Thursday, February 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.26.

View Our Latest Report on Analog Devices

Insider Transactions at Analog Devices

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 owns 51,039 shares in the company, valued at approximately $10,075,098.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director James Champy sold 1,228 shares of the company’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 completion of the transaction, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’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 transaction, 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 90 days, insiders sold 21,228 shares of company stock worth $4,137,802. 0.31% of the stock is owned by company insiders.

Analog Devices Trading Down 0.9 %

NASDAQ ADI opened at $194.88 on Wednesday. The firm has a market capitalization of $96.64 billion, a P/E ratio of 34.86, a PEG ratio of 4.96 and a beta of 1.17. The business has a fifty day simple moving average of $193.13 and a 200 day simple moving average of $184.95. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $202.77. 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 (NASDAQ:ADIGet Free Report) last announced its earnings results 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 firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm posted $2.75 EPS. The business’s revenue was down 22.7% compared to the same quarter last year. On average, analysts predict that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a dividend of $0.92 per share. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, March 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.89%. Analog Devices’s dividend payout ratio is presently 65.83%.

Analog Devices Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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