Fiera Capital Corp Cuts Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Fiera Capital Corp cut its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 743,332 shares of the semiconductor company's stock after selling 45,247 shares during the period. Fiera Capital Corp owned 0.15% of Analog Devices worth $171,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADI. Swedbank AB bought a new stake in Analog Devices in the first quarter valued at approximately $537,171,000. Vanguard Group Inc. lifted its stake in Analog Devices by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 47,716,169 shares of the semiconductor company's stock valued at $9,437,781,000 after acquiring an additional 2,160,668 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Analog Devices by 17,535,360.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,753,546 shares of the semiconductor company's stock valued at $346,834,000 after buying an additional 1,753,536 shares during the period. Raymond James & Associates raised its stake in Analog Devices by 153.6% in the 3rd quarter. Raymond James & Associates now owns 2,348,104 shares of the semiconductor company's stock valued at $540,463,000 after acquiring an additional 1,422,054 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Analog Devices by 19.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,163,882 shares of the semiconductor company's stock worth $1,614,735,000 after purchasing an additional 1,330,242 shares during the period. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Down 0.9 %

NASDAQ:ADI traded down $1.97 during trading hours on Friday, reaching $225.80. The company had a trading volume of 3,426,924 shares, compared to its average volume of 3,211,322. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. The business's 50-day simple moving average is $226.61 and its two-hundred day simple moving average is $224.39. The firm has a market cap of $112.11 billion, a price-to-earnings ratio of 67.81, a P/E/G ratio of 3.14 and a beta of 1.08. Analog Devices, Inc. has a twelve month low of $166.78 and a twelve month high of $244.14.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.08. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.27 billion. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The company's quarterly revenue was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.49 EPS. On average, equities analysts expect that Analog Devices, Inc. will post 6.34 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.63%. The ex-dividend date was Tuesday, September 3rd. Analog Devices's dividend payout ratio is currently 110.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ADI shares. Cantor Fitzgerald reissued a "neutral" rating and issued a $250.00 target price on shares of Analog Devices in a research note on Tuesday, October 8th. Oppenheimer reissued an "outperform" rating and issued a $245.00 price objective on shares of Analog Devices in a research note on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a report on Thursday, August 22nd. Finally, Bank of America reduced their price target on Analog Devices from $260.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $249.80.

Insider Activity at Analog Devices

In other Analog Devices news, Director Edward H. Frank sold 500 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $227.24, for a total value of $113,620.00. Following the transaction, the director now directly owns 4,748 shares in the company, valued at $1,078,935.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the transaction, the chief executive officer now directly owns 21,983 shares of the company's stock, valued at $4,921,334.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward H. Frank sold 500 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $227.24, for a total transaction of $113,620.00. Following the sale, the director now directly owns 4,748 shares in the company, valued at $1,078,935.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,495 shares of company stock valued at $25,229,958. Insiders own 0.31% of the company's stock.

Analog Devices Company 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.