Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in Analog Devices, Inc. (NASDAQ:ADI) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 299,938 shares of the semiconductor company’s stock after purchasing an additional 7,497 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.06% of Analog Devices worth $59,556,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FinTrust Capital Advisors LLC boosted its holdings in Analog Devices by 77.5% in the third quarter. FinTrust Capital Advisors LLC now owns 474 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 207 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of Analog Devices by 3.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 8,437 shares of the semiconductor company’s stock valued at $1,477,000 after buying an additional 294 shares in the last quarter. Sage Mountain Advisors LLC grew its position in shares of Analog Devices by 5.4% in the 3rd quarter. Sage Mountain Advisors LLC now owns 1,227 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 63 shares during the last quarter. Oak Harvest Investment Services raised its stake in Analog Devices by 84.5% during the 3rd quarter. Oak Harvest Investment Services now owns 3,840 shares of the semiconductor company’s stock worth $672,000 after acquiring an additional 1,759 shares in the last quarter. Finally, Concord Wealth Partners grew its holdings in shares of Analog Devices by 960.3% during the third quarter. Concord Wealth Partners now owns 1,389 shares of the semiconductor company’s stock worth $243,000 after purchasing an additional 1,258 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total value of $1,970,600.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at approximately $10,057,745.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the sale, the executive vice president now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares in the company, valued at $10,057,745.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,707 shares of company stock valued at $4,874,613. Corporate insiders own 0.31% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI stock opened at $199.63 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $204.20. The company has a market cap of $99.00 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 4.93 and a beta of 1.14. The stock has a 50 day simple moving average of $194.08 and a 200-day simple moving average of $187.97.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. Analog Devices’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.75 earnings per share. On average, equities analysts forecast that Analog Devices, Inc. will post 5.86 EPS for the current year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.84%. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s payout ratio is currently 65.83%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ADI shares. Morgan Stanley reissued an “overweight” rating and issued a $212.00 target price on shares of Analog Devices in a research report on Thursday, April 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $205.00 price objective on shares of Analog Devices in a report on Monday, March 4th. KeyCorp lifted their target price on shares of Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Evercore ISI began coverage on shares of Analog Devices in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 price target for the company. Finally, Wolfe Research raised shares of Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price objective on the stock in a research report on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $208.17.

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.