Artisan Partners Limited Partnership reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,766,400 shares of the semiconductor company’s stock after selling 52,946 shares during the period. Artisan Partners Limited Partnership owned approximately 0.48% of Analog Devices worth $137,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC increased its stake in Analog Devices by 0.3% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 3,753 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 11 shares during the period. Pitcairn Co. increased its stake in Analog Devices by 0.6% during the 2nd quarter. Pitcairn Co. now owns 4,719 shares of the semiconductor company’s stock worth $367,000 after acquiring an additional 30 shares during the period. King Luther Capital Management Corp increased its stake in Analog Devices by 0.9% during the 1st quarter. King Luther Capital Management Corp now owns 3,722 shares of the semiconductor company’s stock worth $305,000 after acquiring an additional 32 shares during the period. CENTRAL TRUST Co increased its stake in Analog Devices by 1.4% during the 2nd quarter. CENTRAL TRUST Co now owns 2,365 shares of the semiconductor company’s stock worth $184,000 after acquiring an additional 32 shares during the period. Finally, Osborn Williams & Donohoe LLC increased its stake in Analog Devices by 1.2% during the 2nd quarter. Osborn Williams & Donohoe LLC now owns 2,834 shares of the semiconductor company’s stock worth $220,000 after acquiring an additional 34 shares during the period. 86.67% of the stock is owned by institutional investors and hedge funds.

Shares of Analog Devices, Inc. (NASDAQ ADI) traded down 0.25% on Tuesday, reaching $84.96. The company’s stock had a trading volume of 202,553 shares. Analog Devices, Inc. has a 12 month low of $59.54 and a 12 month high of $90.49. The firm has a market cap of $31.24 billion, a price-to-earnings ratio of 42.29 and a beta of 1.29. The stock has a 50 day moving average of $80.23 and a 200-day moving average of $80.14.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The firm’s revenue was up 64.9% on a year-over-year basis. On average, analysts anticipate that Analog Devices, Inc. will post $4.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.11%. Analog Devices’s dividend payout ratio (DPR) is currently 86.12%.

ADI has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price objective on Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 31st. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Drexel Hamilton restated a “buy” rating and set a $105.00 price objective on shares of Analog Devices in a research note on Wednesday, August 30th. Morgan Stanley restated an “overweight” rating and set a $96.00 price objective on shares of Analog Devices in a research note on Thursday, August 31st. Finally, Nomura upgraded Analog Devices from a “reduce” rating to a “neutral” rating and raised their price objective for the stock from $72.50 to $80.00 in a research note on Thursday, August 31st. Twelve research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Analog Devices has a consensus rating of “Buy” and an average price target of $91.85.

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In related news, Director Bruce R. Evans acquired 14,000 shares of Analog Devices stock in a transaction dated Friday, July 7th. The shares were purchased at an average cost of $78.28 per share, with a total value of $1,095,920.00. Following the completion of the purchase, the director now owns 67,540 shares of the company’s stock, valued at $5,287,031.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ray Stata sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $83.50, for a total value of $2,087,500.00. Following the transaction, the director now directly owns 234,481 shares in the company, valued at $19,579,163.50. The disclosure for this sale can be found here. Insiders have sold 67,686 shares of company stock worth $5,626,942 over the last ninety days. Insiders own 1.10% of the company’s stock.

Analog Devices Profile

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.

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

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