ERTS Wealth Advisors LLC trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 19.3% in the 2nd quarter, Holdings Channel reports. The firm owned 2,388 shares of the semiconductor company’s stock after selling 571 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in Analog Devices were worth $270,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ADI. Geode Capital Management LLC lifted its position in shares of Analog Devices by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 4,950,995 shares of the semiconductor company’s stock worth $424,353,000 after purchasing an additional 346,998 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Analog Devices by 0.3% during the first quarter. Janus Henderson Group PLC now owns 123,545 shares of the semiconductor company’s stock valued at $13,005,000 after buying an additional 417 shares during the period. Cetera Advisors LLC increased its stake in shares of Analog Devices by 1.6% during the first quarter. Cetera Advisors LLC now owns 7,063 shares of the semiconductor company’s stock valued at $745,000 after buying an additional 112 shares during the period. Cetera Advisor Networks LLC increased its stake in shares of Analog Devices by 14.8% during the first quarter. Cetera Advisor Networks LLC now owns 3,110 shares of the semiconductor company’s stock valued at $331,000 after buying an additional 400 shares during the period. Finally, Wrapmanager Inc. purchased a new position in shares of Analog Devices during the first quarter valued at $236,000. Institutional investors and hedge funds own 87.52% of the company’s stock.

ADI traded down $0.15 on Friday, hitting $116.06. The company had a trading volume of 164,079 shares, compared to its average volume of 2,117,255. The stock has a fifty day moving average price of $112.06 and a 200-day moving average price of $109.76. Analog Devices, Inc. has a 12-month low of $76.62 and a 12-month high of $124.79. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.92 and a current ratio of 1.35. The stock has a market capitalization of $42.93 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 1.77 and a beta of 1.43.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.04. Analog Devices had a return on equity of 17.87% and a net margin of 24.71%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm earned $1.53 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Analysts forecast that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.86%. Analog Devices’s payout ratio is 36.36%.

In other news, SVP Joseph Hassett sold 10,040 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $109.38, for a total transaction of $1,098,175.20. Following the sale, the senior vice president now owns 32,400 shares in the company, valued at $3,543,912. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward H. Frank sold 14,880 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $110.51, for a total value of $1,644,388.80. Following the sale, the director now owns 16,520 shares in the company, valued at approximately $1,825,625.20. The disclosure for this sale can be found here. Insiders have sold 71,862 shares of company stock worth $7,978,717 in the last 90 days. Insiders own 0.50% of the company’s stock.

Several brokerages have recently commented on ADI. SunTrust Banks cut their price target on Analog Devices to $122.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Goldman Sachs Group upgraded Analog Devices from a “sell” rating to a “buy” rating and raised their price target for the company from $101.00 to $114.00 in a research note on Monday, June 10th. Barclays upgraded Analog Devices from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $105.00 to $130.00 in a research note on Thursday. BidaskClub upgraded Analog Devices from a “sell” rating to a “hold” rating in a research note on Saturday, August 31st. Finally, ValuEngine upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $111.67.

Analog Devices Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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

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