Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,462 shares of the semiconductor company’s stock after selling 938 shares during the quarter. Yousif Capital Management LLC’s holdings in Analog Devices were worth $13,403,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ADI. Orion Capital Management LLC acquired a new position in shares of Analog Devices during the 4th quarter worth approximately $27,000. Menard Financial Group LLC acquired a new position in Analog Devices in the 4th quarter valued at $27,000. Mainstream Capital Management LLC acquired a new position in Analog Devices in the 4th quarter valued at $30,000. Hopwood Financial Services Inc. acquired a new position in Analog Devices in the 4th quarter valued at $30,000. Finally, Cassady Schiller Wealth Management LLC raised its stake in Analog Devices by 63.2% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total transaction of $612,000.00. Following the transaction, the director now owns 180,071 shares of the company’s stock, valued at approximately $35,265,104.64. This represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vivek Jain sold 12,684 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $210.00, for a total value of $2,663,640.00. Following the transaction, the executive vice president now directly owns 43,175 shares in the company, valued at approximately $9,066,750. The trade was a 22.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,934 shares of company stock worth $6,643,956. 0.33% of the stock is currently owned by company insiders.

Analog Devices Stock Performance

NASDAQ ADI opened at $233.34 on Wednesday. The stock has a market cap of $115.79 billion, a PE ratio of 74.31, a P/E/G ratio of 2.85 and a beta of 1.00. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $247.10. The stock has a fifty day simple moving average of $201.19 and a 200-day simple moving average of $210.54.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.15. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. Equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices declared that its board has initiated a stock buyback program on Tuesday, February 18th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, June 4th. Analog Devices’s dividend payout ratio is presently 107.90%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ADI. KGI Securities began coverage on Analog Devices in a research note on Friday, May 23rd. They issued a “buy” rating for the company. JPMorgan Chase & Co. increased their price objective on Analog Devices from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. TD Cowen increased their price objective on Analog Devices from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Friday, May 23rd. Finally, Citigroup increased their price objective on Analog Devices from $235.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.63.

Analog Devices 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.