First Foundation Advisors Has $287,000 Stake in Analog Devices, Inc. (NASDAQ:ADI)

First Foundation Advisors trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 16.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,422 shares of the semiconductor company’s stock after selling 282 shares during the period. First Foundation Advisors’ holdings in Analog Devices were worth $287,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ADI. Orion Capital Management LLC acquired a new stake in Analog Devices during the fourth quarter worth about $27,000. Menard Financial Group LLC acquired a new stake in shares of Analog Devices in the 4th quarter valued at approximately $27,000. Alpine Bank Wealth Management acquired a new stake in shares of Analog Devices in the 1st quarter valued at approximately $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Analog Devices in the 1st quarter valued at approximately $33,000. Finally, North Capital Inc. acquired a new stake in shares of Analog Devices in the 1st quarter valued at approximately $36,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the sale, the director owned 167,571 shares of the company’s stock, valued at approximately $40,088,010.33. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the completion of the sale, the chief executive officer directly owned 142,996 shares of the company’s stock, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,250 shares of company stock valued at $3,327,994 in the last quarter. 0.33% of the stock is currently owned by company insiders.

Analog Devices Stock Performance

NASDAQ:ADI opened at $230.75 on Wednesday. The company has a fifty day moving average of $230.88 and a 200-day moving average of $215.42. The firm has a market capitalization of $114.51 billion, a P/E ratio of 62.87, a P/E/G ratio of 2.13 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $247.73.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.15. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. Analog Devices’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.72%. Analog Devices’s dividend payout ratio is currently 107.90%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ADI shares. Raymond James Financial upgraded shares of Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a research note on Wednesday, June 18th. The Goldman Sachs Group started coverage on shares of Analog Devices in a research note on Thursday, July 10th. They issued a “buy” rating and a $285.00 price target on the stock. Williams Trading set a $260.00 price target on shares of Analog Devices in a research note on Friday, May 23rd. Cfra Research lowered shares of Analog Devices from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

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.