Bank of Stockton Has $3.19 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Bank of Stockton reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,865 shares of the semiconductor company’s stock after selling 205 shares during the period. Analog Devices makes up approximately 1.0% of Bank of Stockton’s investment portfolio, making the stock its 21st biggest position. Bank of Stockton’s holdings in Analog Devices were worth $3,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sovereign Financial Group Inc. acquired a new stake in Analog Devices in the first quarter valued at about $237,000. Wealthcare Advisory Partners LLC increased its position in Analog Devices by 28.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,045 shares of the semiconductor company’s stock worth $800,000 after purchasing an additional 890 shares in the last quarter. Norway Savings Bank increased its position in Analog Devices by 4.3% during the 1st quarter. Norway Savings Bank now owns 12,862 shares of the semiconductor company’s stock worth $2,544,000 after purchasing an additional 535 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in Analog Devices by 351.1% in the 1st quarter. Financial Management Professionals Inc. now owns 1,254 shares of the semiconductor company’s stock valued at $248,000 after purchasing an additional 976 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its position in Analog Devices by 92.6% in the first quarter. Independence Bank of Kentucky now owns 624 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 300 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $228.08, for a total value of $2,280,800.00. Following the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $11,640,975.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $11,640,975.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edward H. Frank sold 995 shares of Analog Devices stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $234.31, for a total transaction of $233,138.45. Following the transaction, the director now owns 3,753 shares of the company’s stock, valued at $879,365.43. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,495 shares of company stock valued at $20,794,658 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Analog Devices Trading Up 1.8 %

ADI stock traded up $4.18 during mid-day trading on Friday, reaching $233.86. The company’s stock had a trading volume of 422,828 shares, compared to its average volume of 3,216,780. The company has a market cap of $116.05 billion, a price-to-earnings ratio of 53.66, a price-to-earnings-growth ratio of 3.87 and a beta of 1.07. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $244.14. The business’s 50 day moving average price is $226.59 and its 200 day moving average price is $221.70. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19.

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

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 1.57%. Analog Devices’s dividend payout ratio is presently 85.98%.

Analysts Set New Price Targets

ADI has been the subject of several research analyst reports. Barclays upped their price target on shares of Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $245.00 target price on shares of Analog Devices in a report on Thursday, August 22nd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Morgan Stanley upped their price objective on Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $250.00 target price on shares of Analog Devices in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $249.80.

About Analog Devices

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.