United Capital Financial Advisers LLC Sells 3,449 Shares of Analog Devices, Inc. (NASDAQ:ADI)

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United Capital Financial Advisers LLC decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,189 shares of the semiconductor company’s stock after selling 3,449 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Analog Devices were worth $13,413,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its position in shares of Analog Devices by 2.0% during the 1st quarter. BlackRock Inc. now owns 24,409,546 shares of the semiconductor company’s stock valued at $2,224,443,000 after acquiring an additional 475,934 shares during the period. JPMorgan Chase & Co. grew its position in shares of Analog Devices by 17.7% during the 1st quarter. JPMorgan Chase & Co. now owns 22,229,063 shares of the semiconductor company’s stock valued at $2,025,734,000 after acquiring an additional 3,344,969 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Analog Devices by 30.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,729,787 shares of the semiconductor company’s stock valued at $1,251,195,000 after acquiring an additional 3,184,232 shares during the period. Franklin Resources Inc. boosted its holdings in Analog Devices by 7.0% in the 1st quarter. Franklin Resources Inc. now owns 11,238,318 shares of the semiconductor company’s stock worth $1,024,150,000 after buying an additional 739,365 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Analog Devices by 6.6% in the 1st quarter. Wells Fargo & Company MN now owns 8,608,728 shares of the semiconductor company’s stock worth $784,513,000 after buying an additional 532,620 shares during the period. 87.38% of the stock is currently owned by institutional investors.

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $86.95, for a total transaction of $869,500.00. Following the sale, the chief executive officer now owns 17,376 shares of the company’s stock, valued at $1,510,843.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Joseph Hassett sold 17,150 shares of the company’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $97.95, for a total transaction of $1,679,842.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,687 shares of company stock valued at $8,114,907. 1.10% of the stock is owned by company insiders.

Several research analysts recently commented on ADI shares. Raymond James raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a report on Monday, March 26th. Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Monday, March 5th. SunTrust Banks raised their price target on shares of Analog Devices to $116.00 and gave the company a “positive” rating in a report on Thursday, April 12th. They noted that the move was a valuation call. UBS Group upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating in a research report on Monday, March 26th. Finally, Morgan Stanley raised their price objective on shares of Analog Devices from $108.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 31st. Eight research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $104.33.

Shares of ADI stock opened at $95.92 on Friday. Analog Devices, Inc. has a 12 month low of $76.07 and a 12 month high of $103.59. The company has a market cap of $35.59 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.53 and a quick ratio of 1.14.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 30th. The semiconductor company reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.08. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Analog Devices had a net margin of 17.72% and a return on equity of 20.34%. The company’s revenue was up 31.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. research analysts predict that Analog Devices, Inc. will post 5.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 19th. Investors of record on Friday, June 8th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, June 7th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.00%. Analog Devices’s dividend payout ratio is 40.68%.

About Analog Devices

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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

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