146 Shares in Analog Devices, Inc. (NASDAQ:ADI) Purchased by Cetera Trust Company N.A

Cetera Trust Company N.A purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 146 shares of the semiconductor company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its stake in Analog Devices by 22.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 13,868,437 shares of the semiconductor company’s stock worth $2,428,225,000 after purchasing an additional 2,497,696 shares during the period. Invesco Ltd. increased its holdings in shares of Analog Devices by 7.5% during the third quarter. Invesco Ltd. now owns 10,003,284 shares of the semiconductor company’s stock worth $1,751,475,000 after buying an additional 701,367 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of Analog Devices by 11.7% during the fourth quarter. Baillie Gifford & Co. now owns 3,794,215 shares of the semiconductor company’s stock worth $753,379,000 after buying an additional 397,753 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Analog Devices by 7.8% during the third quarter. The Manufacturers Life Insurance Company now owns 3,119,239 shares of the semiconductor company’s stock worth $546,148,000 after buying an additional 225,048 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Analog Devices by 2.8% during the third quarter. Van ECK Associates Corp now owns 2,532,127 shares of the semiconductor company’s stock worth $443,350,000 after buying an additional 69,181 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Up 1.9 %

ADI opened at $189.93 on Wednesday. The stock has a market capitalization of $94.19 billion, a P/E ratio of 33.98, a P/E/G ratio of 4.60 and a beta of 1.17. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $204.20. The firm’s fifty day simple moving average is $192.77 and its 200 day simple moving average is $186.93. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17.

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

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a $0.92 dividend. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s payout ratio is presently 65.83%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction 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 sale, the director now directly owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00. Following the sale, the chief executive officer now directly owns 5,713 shares in the company, valued at approximately $1,097,524.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,707 shares of company stock worth $4,825,113. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ADI. The Goldman Sachs Group raised their price objective on shares of Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. KeyCorp raised their price target on shares of Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Morgan Stanley reissued an “overweight” rating and issued a $212.00 price target on shares of Analog Devices in a report on Thursday, April 11th. Oppenheimer reissued an “outperform” rating and issued a $215.00 price target on shares of Analog Devices in a report on Thursday, February 22nd. Finally, Barclays raised their price target on shares of Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $208.17.

Analog Devices Profile

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.