Zevin Asset Management LLC Sells 256 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Zevin Asset Management LLC reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.3% during the third quarter, Holdings Channel.com reports. The fund owned 92,988 shares of the semiconductor company’s stock after selling 256 shares during the quarter. Analog Devices accounts for approximately 3.3% of Zevin Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Zevin Asset Management LLC’s holdings in Analog Devices were worth $21,403,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADI. Ontario Teachers Pension Plan Board purchased a new stake in Analog Devices during the first quarter valued at about $469,000. Trustmark National Bank Trust Department lifted its position in shares of Analog Devices by 7.0% in the first quarter. Trustmark National Bank Trust Department now owns 5,155 shares of the semiconductor company’s stock worth $1,020,000 after purchasing an additional 336 shares in the last quarter. Rockport Wealth LLC purchased a new stake in shares of Analog Devices in the first quarter worth approximately $343,000. O Shaughnessy Asset Management LLC lifted its position in shares of Analog Devices by 13.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 31,056 shares of the semiconductor company’s stock worth $6,143,000 after purchasing an additional 3,604 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in shares of Analog Devices in the first quarter worth approximately $9,494,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Edward H. Frank sold 995 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the completion of the sale, the director now directly owns 3,753 shares in the company, valued at $879,365.43. This represents a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gregory M. Bryant sold 20,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total value of $4,477,400.00. Following the sale, the executive vice president now owns 59,093 shares of the company’s stock, valued at $13,229,149.91. This represents a 25.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,495 shares of company stock worth $25,229,958 in the last ninety days. 0.31% of the stock is currently owned by insiders.

Analog Devices Trading Down 2.8 %

Shares of Analog Devices stock opened at $206.35 on Monday. The stock has a fifty day simple moving average of $225.88 and a 200 day simple moving average of $225.34. Analog Devices, Inc. has a 12-month low of $178.66 and a 12-month high of $244.14. The company has a market capitalization of $102.45 billion, a P/E ratio of 61.97, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the firm earned $2.49 EPS. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 6.34 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 1.78%. Analog Devices’s dividend payout ratio is currently 110.51%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and issued a $245.00 price target on shares of Analog Devices in a research report on Thursday, August 22nd. Bank of America lowered their price objective on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Morgan Stanley lifted their price target on shares of Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $249.80.

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.