Federated Investors Inc. PA Has $488,000 Stake in Analog Devices, Inc. (ADI)

Federated Investors Inc. PA lowered its position in Analog Devices, Inc. (NASDAQ:ADI) by 18.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,714 shares of the company’s stock after selling 1,504 shares during the period. Federated Investors Inc. PA’s holdings in Analog Devices were worth $488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wetherby Asset Management Inc. raised its position in shares of Analog Devices by 1.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 5,357 shares of the company’s stock worth $389,000 after buying an additional 74 shares during the period. Evercore Wealth Management LLC raised its position in shares of Analog Devices by 7.5% in the second quarter. Evercore Wealth Management LLC now owns 1,773 shares of the company’s stock worth $100,000 after buying an additional 123 shares during the period. Venturi Wealth Management LLC raised its position in shares of Analog Devices by 0.3% in the third quarter. Venturi Wealth Management LLC now owns 91,457 shares of the company’s stock worth $5,894,000 after buying an additional 242 shares during the period. Bradley Foster & Sargent Inc. CT raised its position in shares of Analog Devices by 0.5% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 51,357 shares of the company’s stock worth $3,310,000 after buying an additional 275 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Analog Devices by 1.2% in the third quarter. State of Alaska Department of Revenue now owns 24,730 shares of the company’s stock worth $1,593,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 90.38% of the company’s stock.

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at 81.64 on Friday. Analog Devices, Inc. has a 52-week low of $52.17 and a 52-week high of $84.24. The firm has a market capitalization of $25.24 billion, a price-to-earnings ratio of 27.84 and a beta of 1.19. The stock has a 50 day moving average of $81.28 and a 200 day moving average of $71.43.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.20. The firm had revenue of $984 million for the quarter, compared to the consensus estimate of $871.58 million. Analog Devices had a net margin of 25.18% and a return on equity of 19.31%. Analog Devices’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS. On average, analysts predict that Analog Devices, Inc. will post $3.99 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 7th. Investors of record on Friday, February 24th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, February 22nd. This is an increase from Analog Devices’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 2.20%. Analog Devices’s dividend payout ratio (DPR) is currently 60.87%.

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A number of brokerages have recently issued reports on ADI. B. Riley reiterated a “buy” rating and set a $87.00 price target on shares of Analog Devices in a research note on Monday, November 28th. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 price target on shares of Analog Devices in a research note on Monday, March 13th. Credit Suisse Group AG began coverage on shares of Analog Devices in a research note on Tuesday, March 14th. They set an “outperform” rating and a $100.00 price target on the stock. Barclays PLC reiterated an “equal weight” rating and set a $90.00 price target (up from $85.00) on shares of Analog Devices in a research note on Monday, March 13th. Finally, Pacific Crest boosted their price target on shares of Analog Devices to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 7th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $83.28.

In other Analog Devices news, Director Kenton J. Sicchitano sold 15,000 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $72.34, for a total transaction of $1,085,100.00. Following the sale, the director now directly owns 30,935 shares in the company, valued at approximately $2,237,837.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Champy sold 1,850 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $83.23, for a total transaction of $153,975.50. Following the sale, the director now owns 15,185 shares in the company, valued at $1,263,847.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,510 shares of company stock worth $9,793,456. 1.10% of the stock is currently owned by insiders.

Analog Devices Company Profile

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

5 Day Chart for NASDAQ:ADI

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