Kohmann Bosshard Financial Services LLC Sells 214 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Kohmann Bosshard Financial Services LLC reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 17.7% during the first quarter, HoldingsChannel reports. The fund owned 992 shares of the semiconductor company’s stock after selling 214 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Analog Devices were worth $200,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in Analog Devices in the 4th quarter valued at about $27,000. Menard Financial Group LLC bought a new stake in Analog Devices in the 4th quarter valued at about $27,000. Alpine Bank Wealth Management bought a new stake in Analog Devices in the 1st quarter valued at about $27,000. N.E.W. Advisory Services LLC bought a new stake in Analog Devices in the 1st quarter valued at about $33,000. Finally, North Capital Inc. bought a new stake in Analog Devices in the 1st quarter valued at about $36,000. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Stock Up 0.4%

Shares of ADI opened at $223.95 on Monday. The firm has a market cap of $111.13 billion, a P/E ratio of 61.02, a P/E/G ratio of 2.06 and a beta of 1.05. The stock has a 50 day simple moving average of $232.32 and a two-hundred day simple moving average of $215.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.73.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.15. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. Analog Devices’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 earnings per share. On average, analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a $0.99 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 annualized dividend and a yield of 1.8%. Analog Devices’s payout ratio is presently 107.90%.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The stock was 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 in the company, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ADI shares. Benchmark restated a “buy” rating and issued a $260.00 price objective (down from $275.00) on shares of Analog Devices in a research note on Friday, May 23rd. Oppenheimer upped their price target on Analog Devices from $225.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. The Goldman Sachs Group began coverage on Analog Devices in a research report on Thursday, July 10th. They set a “buy” rating and a $285.00 price target on the stock. Cowen reiterated a “buy” rating on shares of Analog Devices in a research report on Friday, May 23rd. Finally, Cfra Research cut Analog Devices from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, May 22nd. Six equities research 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.89.

Analog Devices Company 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.