Patriot Investment Management Group Inc. Has $618,000 Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Patriot Investment Management Group Inc. trimmed its position in Analog Devices, Inc. (NASDAQ:ADIFree Report) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,911 shares of the semiconductor company’s stock after selling 391 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in Analog Devices were worth $618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Analog Devices by 9.8% during the second quarter. Thrivent Financial for Lutherans now owns 24,754 shares of the semiconductor company’s stock valued at $5,651,000 after acquiring an additional 2,216 shares during the period. Public Sector Pension Investment Board boosted its position in Analog Devices by 68.2% in the second quarter. Public Sector Pension Investment Board now owns 19,012 shares of the semiconductor company’s stock valued at $4,340,000 after buying an additional 7,710 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in Analog Devices by 9.4% during the second quarter. Insigneo Advisory Services LLC now owns 5,106 shares of the semiconductor company’s stock worth $1,165,000 after buying an additional 437 shares during the last quarter. AXA S.A. increased its holdings in shares of Analog Devices by 32.7% during the second quarter. AXA S.A. now owns 75,807 shares of the semiconductor company’s stock worth $17,304,000 after buying an additional 18,686 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in Analog Devices by 1.5% in the 2nd quarter. APG Asset Management N.V. now owns 345,677 shares of the semiconductor company’s stock valued at $73,622,000 after buying an additional 4,989 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ADI shares. Barclays cut their price target on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Analog Devices in a research note on Tuesday, October 8th. TD Cowen reduced their price objective on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company initiated coverage on Analog Devices in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target on the stock. Finally, Morgan Stanley lowered their price target on Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $248.70.

View Our Latest Stock Report on ADI

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 21,983 shares in the company, valued at $4,921,334.21. This trade represents a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory M. Bryant sold 20,000 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 value of $4,477,400.00. Following the sale, the executive vice president now directly owns 59,093 shares of the company’s stock, valued at $13,229,149.91. This represents a 25.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,000 shares of company stock worth $11,029,300. 0.31% of the stock is currently owned by company insiders.

Analog Devices Trading Up 1.9 %

Shares of ADI stock opened at $228.35 on Friday. The stock has a market cap of $113.30 billion, a P/E ratio of 69.41, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. Analog Devices, Inc. has a 1 year low of $182.57 and a 1 year high of $244.14. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $215.88 and a 200 day simple moving average of $222.34.

Analog Devices (NASDAQ:ADIGet Free Report) last released its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the company posted $2.01 EPS. The company’s revenue was down 10.1% compared to the same quarter last year. On average, research analysts predict that Analog Devices, Inc. will post 7.09 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s payout ratio is 111.85%.

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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