Thompson Investment Management Inc. Has $3.27 Million Position in Analog Devices, Inc. (NASDAQ:ADI)

Thompson Investment Management Inc. trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.1% during the first quarter, HoldingsChannel.com reports. The firm owned 16,545 shares of the semiconductor company’s stock after selling 354 shares during the period. Thompson Investment Management Inc.’s holdings in Analog Devices were worth $3,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its position in Analog Devices by 36.5% during the 3rd quarter. Clearbridge Investments LLC now owns 2,780 shares of the semiconductor company’s stock worth $487,000 after buying an additional 744 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Analog Devices by 26.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,145 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 236 shares during the period. Operose Advisors LLC grew its stake in shares of Analog Devices by 116.2% in the third quarter. Operose Advisors LLC now owns 1,081 shares of the semiconductor company’s stock worth $189,000 after purchasing an additional 581 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Analog Devices by 10.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 27,763 shares of the semiconductor company’s stock valued at $4,861,000 after purchasing an additional 2,709 shares during the period. Finally, Mutual Advisors LLC raised its position in Analog Devices by 21.4% during the 3rd quarter. Mutual Advisors LLC now owns 2,493 shares of the semiconductor company’s stock worth $437,000 after purchasing an additional 440 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Price Performance

Shares of NASDAQ ADI traded down $2.81 during trading hours on Wednesday, reaching $227.53. 843,845 shares of the stock traded hands, compared to its average volume of 3,333,845. The company’s 50-day simple moving average is $217.68 and its two-hundred day simple moving average is $201.95. The company has a market capitalization of $112.90 billion, a P/E ratio of 53.12, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $241.88. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.26 by $0.14. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the business earned $2.83 earnings per share. The company’s quarterly revenue was down 33.8% on a year-over-year basis. Equities research analysts forecast that Analog Devices, Inc. will post 6.24 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Tuesday, June 4th. Analog Devices’s payout ratio is 85.98%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADI. Cantor Fitzgerald raised their price objective on Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $220.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Robert W. Baird increased their price objective on shares of Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Morgan Stanley boosted their target price on shares of Analog Devices from $221.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Finally, Susquehanna increased their price target on Analog Devices from $230.00 to $280.00 and gave the stock a “positive” rating in a report on Thursday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $243.23.

Insider Activity at Analog Devices

In related news, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Michael Sondel sold 4,830 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $236.58, for a total value of $1,142,681.40. Following the completion of the sale, the chief accounting officer now directly owns 10,547 shares of the company’s stock, valued at approximately $2,495,209.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Vivek Jain sold 3,479 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares in the company, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. Insiders sold 50,121 shares of company stock worth $10,875,654 in the last three months. 0.31% of the stock is owned by insiders.

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.