Fiera Capital Corp Sells 283,294 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Fiera Capital Corp cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 22.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 991,046 shares of the semiconductor company’s stock after selling 283,294 shares during the quarter. Fiera Capital Corp’s holdings in Analog Devices were worth $196,782,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. M. Kulyk & Associates LLC acquired a new position in Analog Devices in the fourth quarter valued at about $328,000. EFG Asset Management North America Corp. increased its holdings in Analog Devices by 105.7% during the 4th quarter. EFG Asset Management North America Corp. now owns 9,949 shares of the semiconductor company’s stock valued at $1,976,000 after purchasing an additional 5,112 shares in the last quarter. Quadrant Capital Group LLC raised its position in Analog Devices by 2.4% in the 4th quarter. Quadrant Capital Group LLC now owns 4,854 shares of the semiconductor company’s stock valued at $964,000 after purchasing an additional 114 shares during the last quarter. Apexium Financial LP acquired a new position in Analog Devices in the fourth quarter worth $248,000. Finally, Curi Wealth Management LLC acquired a new stake in shares of Analog Devices in the fourth quarter valued at $220,000. Institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the sale, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the sale, the chief executive officer now owns 51,039 shares in the company, valued at $10,057,745.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Champy sold 1,228 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the transaction, the director now owns 6,371 shares of the company’s stock, valued at $1,259,164.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,707 shares of company stock worth $4,874,613. Corporate insiders own 0.31% of the company’s stock.

Analog Devices Trading Down 0.0 %

Shares of ADI stock traded down $0.04 on Friday, hitting $214.08. The stock had a trading volume of 2,373,763 shares, compared to its average volume of 3,291,647. The firm has a market cap of $106.16 billion, a P/E ratio of 38.30, a PEG ratio of 5.42 and a beta of 1.14. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $216.00. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $197.55 and a two-hundred day moving average price of $191.23.

Analog Devices (NASDAQ:ADIGet Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company earned $2.75 earnings per share. The company’s revenue for the quarter was down 22.7% compared to the same quarter last year. As a group, analysts forecast that Analog Devices, Inc. will post 5.85 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were given a $0.92 dividend. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s payout ratio is currently 65.83%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and set a $212.00 price target on shares of Analog Devices in a research report on Thursday, April 11th. Wolfe Research raised shares of 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. Cantor Fitzgerald boosted their price objective on shares of Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday. Evercore ISI began coverage on Analog Devices in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 target price for the company. Finally, KeyCorp boosted their target price on Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $212.63.

Check Out Our Latest Report on ADI

About Analog Devices

(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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