Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by New Hampshire Trust

New Hampshire Trust trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,383 shares of the semiconductor company’s stock after selling 160 shares during the quarter. New Hampshire Trust’s holdings in Analog Devices were worth $1,049,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Norway Savings Bank increased its holdings in shares of Analog Devices by 6.4% in the 2nd quarter. Norway Savings Bank now owns 11,760 shares of the semiconductor company’s stock valued at $2,291,000 after acquiring an additional 705 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in Analog Devices by 7.7% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 7,251 shares of the semiconductor company’s stock valued at $1,413,000 after buying an additional 521 shares during the last quarter. Brookstone Capital Management grew its position in Analog Devices by 21.5% in the 2nd quarter. Brookstone Capital Management now owns 2,641 shares of the semiconductor company’s stock valued at $489,000 after buying an additional 467 shares during the last quarter. Peoples Financial Services CORP. grew its position in Analog Devices by 1.1% in the 2nd quarter. Peoples Financial Services CORP. now owns 10,317 shares of the semiconductor company’s stock valued at $2,010,000 after buying an additional 115 shares during the last quarter. Finally, Czech National Bank grew its position in Analog Devices by 0.3% in the 2nd quarter. Czech National Bank now owns 59,882 shares of the semiconductor company’s stock valued at $11,666,000 after buying an additional 172 shares during the last quarter. 85.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $197.64, for a total transaction of $1,976,400.00. Following the completion of the transaction, the chief executive officer now owns 70,713 shares of the company’s stock, valued at approximately $13,975,717.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 30,000 shares of company stock valued at $5,661,500 in the last 90 days. 0.46% of the stock is currently owned by insiders.

Analog Devices Price Performance

ADI stock traded down $1.53 during trading on Friday, hitting $178.14. The stock had a trading volume of 6,062,468 shares, compared to its average volume of 3,434,972. The company’s 50 day moving average price is $185.76 and its two-hundred day moving average price is $185.74. Analog Devices, Inc. has a 1-year low of $133.48 and a 1-year high of $200.10. The stock has a market cap of $88.77 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 1.80 and a beta of 1.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.10 and a current ratio of 1.71.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 23rd. The semiconductor company reported $2.49 earnings per share for the quarter, missing the consensus estimate of $2.52 by ($0.03). Analog Devices had a net margin of 29.23% and a return on equity of 15.20%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the firm posted $2.52 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that Analog Devices, Inc. will post 10.12 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Tuesday, September 5th were paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, September 1st. Analog Devices’s dividend payout ratio is currently 46.74%.

Analysts Set New Price Targets

ADI has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price objective on shares of Analog Devices from $185.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Analog Devices from $200.00 to $195.00 in a research report on Thursday, May 25th. Susquehanna lifted their price objective on shares of Analog Devices from $215.00 to $225.00 and gave the company a “positive” rating in a research report on Thursday, August 24th. Bank of America boosted their target price on shares of Analog Devices from $205.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus boosted their target price on shares of Analog Devices from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.21.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.