Investment Partners LTD. Sells 151 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Investment Partners LTD. trimmed its stake in Analog Devices, Inc. (NASDAQ:ADI) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,691 shares of the semiconductor company’s stock after selling 151 shares during the period. Investment Partners LTD.’s holdings in Analog Devices were worth $336,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Pinnacle Bancorp Inc. grew its holdings in shares of Analog Devices by 101.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 65 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of Analog Devices during the third quarter worth $29,000. Cetera Trust Company N.A bought a new stake in shares of Analog Devices during the fourth quarter worth $29,000. Northwest Capital Management Inc grew its holdings in shares of Analog Devices by 519.2% during the fourth quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 135 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new stake in shares of Analog Devices during the fourth quarter worth $32,000. 86.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wolfe Research raised Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price target on the stock in a research note on Thursday, January 18th. Oppenheimer reaffirmed an “outperform” rating and set a $215.00 price target on shares of Analog Devices in a research note on Thursday, February 22nd. KeyCorp upped their price target on Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $212.00 price target on shares of Analog Devices in a research note on Thursday, April 11th. Finally, Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target on the stock. in a research note on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and a consensus target price of $208.17.

Analog Devices Stock Up 2.0 %

ADI stock traded up $4.03 during mid-day trading on Friday, reaching $201.97. The company had a trading volume of 3,136,261 shares, compared to its average volume of 3,090,032. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98. The stock has a 50 day simple moving average of $193.45 and a two-hundred day simple moving average of $187.28. The company has a market capitalization of $100.16 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 4.97 and a beta of 1.17. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $204.20.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business’s revenue was down 22.7% compared to the same quarter last year. During the same period last year, the company earned $2.75 earnings per share. As a group, equities analysts predict that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.82%. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s dividend payout ratio (DPR) is presently 65.83%.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the sale, the chief executive officer now directly owns 5,713 shares of the company’s stock, valued at $1,097,524.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now directly owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The disclosure for this sale can be found here. Insiders sold a total of 24,707 shares of company stock valued at $4,825,113 over the last three months. Insiders own 0.31% of the company’s stock.

About Analog Devices

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.