Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by GeoWealth Management LLC

GeoWealth Management LLC grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,433 shares of the semiconductor company’s stock after buying an additional 354 shares during the quarter. GeoWealth Management LLC’s holdings in Analog Devices were worth $729,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Invst LLC grew its holdings in Analog Devices by 7.7% during the 3rd quarter. Invst LLC now owns 974 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 70 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in Analog Devices by 4.1% in the third quarter. SkyView Investment Advisors LLC now owns 3,261 shares of the semiconductor company’s stock valued at $751,000 after buying an additional 128 shares in the last quarter. Anchor Investment Management LLC boosted its position in shares of Analog Devices by 33.2% during the 3rd quarter. Anchor Investment Management LLC now owns 2,485 shares of the semiconductor company’s stock worth $572,000 after acquiring an additional 619 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in shares of Analog Devices by 0.9% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 7,680 shares of the semiconductor company’s stock valued at $1,768,000 after acquiring an additional 65 shares during the last quarter. Finally, World Investment Advisors LLC lifted its stake in Analog Devices by 4,581.5% during the third quarter. World Investment Advisors LLC now owns 42,180 shares of the semiconductor company’s stock worth $9,709,000 after purchasing an additional 41,279 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the sale, the director now owns 186,321 shares of the company’s stock, valued at approximately $33,576,907.41. The trade was a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vivek Jain sold 12,684 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $210.00, for a total value of $2,663,640.00. Following the sale, the executive vice president now owns 43,175 shares of the company’s stock, valued at $9,066,750. The trade was a 22.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,809 shares of company stock worth $6,154,756 in the last 90 days. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

ADI has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price objective on shares of Analog Devices from $275.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $270.00 price objective (up previously from $245.00) on shares of Analog Devices in a report on Thursday, February 20th. Morgan Stanley increased their price objective on Analog Devices from $248.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. UBS Group increased their price target on Analog Devices from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, Williams Trading set a $245.00 price target on shares of Analog Devices in a report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.05.

Analog Devices Price Performance

NASDAQ:ADI opened at $176.27 on Monday. The firm has a market cap of $87.43 billion, a price-to-earnings ratio of 56.14, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.10. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average is $206.00 and its two-hundred day moving average is $214.15.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.09. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the business earned $1.73 earnings per share. Analog Devices’s revenue was down 3.6% compared to the same quarter last year. Research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices announced that its board has initiated a stock repurchase program on Tuesday, February 18th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 2.25%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 4th. Analog Devices’s dividend payout ratio (DPR) is presently 126.11%.

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.