United Capital Financial Advisers LLC raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,264 shares of the semiconductor company’s stock after buying an additional 7,733 shares during the quarter. United Capital Financial Advisers LLC owned about 0.05% of Analog Devices worth $21,814,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lenox Wealth Advisors LLC bought a new position in shares of Analog Devices during the 2nd quarter valued at about $28,000. Berman Capital Advisors LLC lifted its holdings in shares of Analog Devices by 43.8% during the 1st quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 91 shares in the last quarter. Tortoise Investment Management LLC bought a new position in shares of Analog Devices during the 2nd quarter valued at about $34,000. Mcmillion Capital Management Inc. bought a new position in shares of Analog Devices during the 2nd quarter valued at about $44,000. Finally, Hanson McClain Inc. lifted its holdings in shares of Analog Devices by 44.8% during the 1st quarter. Hanson McClain Inc. now owns 459 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 87.52% of the company’s stock.

Several equities analysts have recently weighed in on the company. ValuEngine upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Goldman Sachs Group upgraded Analog Devices from a “sell” rating to a “buy” rating and lifted their price objective for the company from $101.00 to $114.00 in a report on Monday, June 10th. Morgan Stanley lifted their price objective on Analog Devices from $97.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Barclays upgraded Analog Devices from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $105.00 to $130.00 in a report on Thursday. Finally, Royal Bank of Canada cut their price objective on Analog Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Analog Devices currently has an average rating of “Buy” and a consensus price target of $111.67.

In other news, CFO Prashanth Mahendra-Rajah sold 1,463 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $109.75, for a total transaction of $160,564.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward H. Frank sold 14,880 shares of the stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $110.51, for a total value of $1,644,388.80. Following the sale, the director now directly owns 16,520 shares in the company, valued at $1,825,625.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,862 shares of company stock worth $7,978,717. 0.50% of the stock is currently owned by insiders.

Shares of ADI stock traded up $0.42 during trading on Friday, reaching $116.63. 71,145 shares of the company’s stock were exchanged, compared to its average volume of 2,117,255. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $42.93 billion, a PE ratio of 19.66, a PEG ratio of 1.77 and a beta of 1.43. Analog Devices, Inc. has a twelve month low of $76.62 and a twelve month high of $124.79. The firm’s fifty day moving average price is $112.06 and its 200-day moving average price is $109.76.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Analog Devices had a return on equity of 17.87% and a net margin of 24.71%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm posted $1.53 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, analysts anticipate that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Thursday, August 29th. Analog Devices’s dividend payout ratio (DPR) is currently 36.36%.

Analog Devices Company Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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

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