Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Waycross Partners LLC

Waycross Partners LLC cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 48.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,300 shares of the semiconductor company’s stock after selling 12,304 shares during the quarter. Analog Devices accounts for about 1.4% of Waycross Partners LLC’s portfolio, making the stock its 26th largest holding. Waycross Partners LLC’s holdings in Analog Devices were worth $2,227,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Knowledge Leaders Capital LLC raised its position in Analog Devices by 1.2% during the 3rd quarter. Knowledge Leaders Capital LLC now owns 4,704 shares of the semiconductor company’s stock worth $788,000 after buying an additional 56 shares during the last quarter. Claro Advisors LLC increased its holdings in shares of Analog Devices by 4.0% during the 2nd quarter. Claro Advisors LLC now owns 1,603 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 61 shares in the last quarter. Integrated Investment Consultants LLC increased its holdings in shares of Analog Devices by 2.6% during the 3rd quarter. Integrated Investment Consultants LLC now owns 2,433 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 61 shares in the last quarter. Midwest Professional Planners LTD. increased its holdings in shares of Analog Devices by 1.4% during the 3rd quarter. Midwest Professional Planners LTD. now owns 4,502 shares of the semiconductor company’s stock valued at $754,000 after purchasing an additional 62 shares in the last quarter. Finally, Magellan Asset Management Ltd increased its holdings in shares of Analog Devices by 5.6% during the 2nd quarter. Magellan Asset Management Ltd now owns 1,278 shares of the semiconductor company’s stock valued at $220,000 after purchasing an additional 68 shares in the last quarter. 99.40% of the stock is owned by institutional investors.

Shares of ADI stock traded up $0.69 during trading hours on Friday, hitting $170.47. The stock had a trading volume of 98,718 shares, compared to its average volume of 3,250,115. The firm has a market capitalization of $62.77 billion, a PE ratio of 46.01, a PEG ratio of 1.88 and a beta of 1.11. Analog Devices, Inc. has a twelve month low of $142.25 and a twelve month high of $191.95. The stock’s 50 day moving average is $178.86 and its 200 day moving average is $172.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.94 and a quick ratio of 1.51.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 23rd. The semiconductor company reported $1.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.70 by $0.03. Analog Devices had a return on equity of 13.92% and a net margin of 19.00%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. The company’s quarterly revenue was up 53.3% compared to the same quarter last year. As a group, equities analysts predict that Analog Devices, Inc. will post 7.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 14th. Stockholders of record on Friday, December 3rd were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, December 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 74.80%.

Several equities research analysts have issued reports on the stock. Barclays lowered their target price on shares of Analog Devices from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Analog Devices from $190.00 to $200.00 and gave the stock a “hold” rating in a research note on Wednesday, December 15th. BMO Capital Markets boosted their price target on shares of Analog Devices from $190.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 23rd. Robert W. Baird reiterated a “buy” rating on shares of Analog Devices in a research note on Thursday, November 25th. Finally, JPMorgan Chase & Co. upgraded shares of Analog Devices from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $119.00 to $215.00 in a research note on Monday, September 20th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $199.74.

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, November 1st. The stock was sold at an average price of $173.18, for a total value of $1,731,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tunc Doluca sold 7,000 shares of the stock in a transaction on Monday, November 1st. The stock was sold at an average price of $173.18, for a total value of $1,212,260.00. The disclosure for this sale can be found here. Insiders have sold 29,636 shares of company stock valued at $5,259,112 in the last 90 days. Company insiders own 0.91% of the company’s stock.

About Analog Devices

Analog Devices, Inc is a global high-performance semiconductor company, which engages in the design, development, manufacture, and marketing of integrated circuits (ICs). It produces a range of innovative products, including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro electromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors.

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

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