Fiera Capital Corp Has $171.09 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Fiera Capital Corp trimmed its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 743,332 shares of the semiconductor company’s stock after selling 45,247 shares during the quarter. Fiera Capital Corp owned 0.15% of Analog Devices worth $171,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in Analog Devices in the third quarter valued at about $28,000. Comprehensive Financial Consultants Institutional Inc. raised its position in Analog Devices by 166.6% in the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 15,371 shares of the semiconductor company’s stock worth $3,538,000 after purchasing an additional 9,605 shares during the last quarter. Summit Global Investments acquired a new position in shares of Analog Devices during the third quarter valued at $867,000. Consolidated Planning Corp grew its position in shares of Analog Devices by 59.9% during the 3rd quarter. Consolidated Planning Corp now owns 2,763 shares of the semiconductor company’s stock worth $636,000 after buying an additional 1,035 shares during the period. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of Analog Devices in the 3rd quarter valued at $4,219,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 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 $2,238,700.00. Following the completion of the transaction, the chief executive officer now owns 21,983 shares of the company’s stock, valued at approximately $4,921,334.21. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 value of $233,138.45. Following the completion of the sale, the director now owns 3,753 shares of the company’s stock, valued at approximately $879,365.43. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the transaction, the chief executive officer now owns 21,983 shares of the company’s stock, valued at approximately $4,921,334.21. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 111,495 shares of company stock worth $25,229,958 over the last three months. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ADI shares. Oppenheimer restated an “outperform” rating and issued a $245.00 price objective on shares of Analog Devices in a research report on Thursday, August 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Analog Devices in a research report on Tuesday, October 8th. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research report on Thursday, August 22nd. Barclays upped their price target on Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and an average price target of $249.80.

Analog Devices Stock Performance

Analog Devices stock traded down $1.42 during trading hours on Friday, hitting $226.35. The company had a trading volume of 851,355 shares, compared to its average volume of 3,199,599. The firm has a 50-day moving average of $226.85 and a 200 day moving average of $224.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24. The firm has a market cap of $112.38 billion, a PE ratio of 68.40, a PEG ratio of 3.14 and a beta of 1.08. Analog Devices, Inc. has a one year low of $166.78 and a one year high of $244.14.

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

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.63%. Analog Devices’s dividend payout ratio is currently 110.51%.

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.