Mount Yale Investment Advisors LLC Sells 429 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Mount Yale Investment Advisors LLC lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,168 shares of the semiconductor company’s stock after selling 429 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Analog Devices were worth $2,373,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Pacer Advisors Inc. boosted its holdings in Analog Devices by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 78,709 shares of the semiconductor company’s stock worth $16,723,000 after buying an additional 1,524 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Analog Devices during the fourth quarter worth $1,690,000. Blue Trust Inc. boosted its holdings in shares of Analog Devices by 20.4% in the fourth quarter. Blue Trust Inc. now owns 5,801 shares of the semiconductor company’s stock worth $1,335,000 after acquiring an additional 982 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Analog Devices by 30.0% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,984 shares of the semiconductor company’s stock valued at $1,909,000 after purchasing an additional 2,071 shares in the last quarter. Finally, Harrell Investment Partners LLC raised its stake in shares of Analog Devices by 2.6% during the 4th quarter. Harrell Investment Partners LLC now owns 17,948 shares of the semiconductor company’s stock valued at $3,813,000 after purchasing an additional 455 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the completion of the transaction, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at approximately $4,737,116.67. This represents a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gregory M. Bryant sold 20,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the sale, the executive vice president now owns 59,093 shares of the company’s stock, valued at approximately $13,229,149.91. This represents a 25.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $11,029,300 in the last ninety days. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. TD Cowen cut their target price on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Wells Fargo & Company assumed coverage on shares of Analog Devices in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price objective for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research note on Wednesday, November 27th. Barclays lowered their target price on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Morgan Stanley reduced their price target on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average target price of $248.70.

Analog Devices Trading Down 4.8 %

ADI stock opened at $217.37 on Monday. Analog Devices, Inc. has a one year low of $182.57 and a one year high of $244.14. The company has a market capitalization of $107.85 billion, a PE ratio of 66.07, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The company’s 50 day moving average price is $216.42 and its two-hundred day moving average price is $222.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the company earned $2.01 EPS. The firm’s revenue was down 10.1% compared to the same quarter last year. As a group, analysts predict that Analog Devices, Inc. will post 7.09 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, December 9th. Analog Devices’s dividend payout ratio is presently 111.85%.

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.