Coppell Advisory Solutions LLC Acquires 302 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Coppell Advisory Solutions LLC lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,314 shares of the semiconductor company’s stock after purchasing an additional 302 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Analog Devices were worth $1,555,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADI. Hopwood Financial Services Inc. bought a new position in shares of Analog Devices during the fourth quarter valued at $30,000. Mainstream Capital Management LLC acquired a new position in Analog Devices in the fourth quarter valued at about $30,000. Cassady Schiller Wealth Management LLC grew its stake in Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock worth $30,000 after buying an additional 55 shares during the last quarter. Financial Life Planners acquired a new stake in shares of Analog Devices during the fourth quarter worth approximately $33,000. Finally, Kestra Investment Management LLC bought a new position in shares of Analog Devices in the fourth quarter valued at approximately $41,000. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Benchmark increased their price target on Analog Devices from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Stifel Nicolaus lowered their target price on Analog Devices from $275.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Barclays reduced their price target on shares of Analog Devices from $240.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Citigroup lowered their price objective on shares of Analog Devices from $265.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, UBS Group boosted their price objective on shares of Analog Devices from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.43.

Analog Devices Stock Up 2.0 %

Shares of NASDAQ ADI opened at $178.50 on Wednesday. The firm has a 50 day moving average price of $204.78 and a 200 day moving average price of $213.53. The stock has a market cap of $88.53 billion, a P/E ratio of 56.85, a P/E/G ratio of 2.85 and a beta of 1.06. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93.

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

Analog Devices announced that its Board of Directors has approved a share buyback program on Tuesday, February 18th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 9.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were given a $0.99 dividend. The ex-dividend date was Tuesday, March 4th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.92. This represents a $3.96 annualized dividend and a dividend yield of 2.22%. Analog Devices’s payout ratio is currently 126.11%.

Analog Devices 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.