Ade LLC Makes New $218,000 Investment in Analog Devices, Inc. (NASDAQ:ADI)

Ade LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,100 shares of the semiconductor company’s stock, valued at approximately $218,000.

Several other hedge funds also recently added to or reduced their stakes in ADI. Pinnacle Bancorp Inc. boosted its holdings in shares of Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 65 shares during the period. Silver Oak Securities Incorporated acquired a new position in shares of Analog Devices in the 3rd quarter valued at about $29,000. Fortis Capital Advisors LLC acquired a new position in shares of Analog Devices in the 1st quarter valued at about $31,000. Quarry LP boosted its holdings in shares of Analog Devices by 267.4% in the 1st quarter. Quarry LP now owns 169 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 123 shares during the period. Finally, Worth Asset Management LLC acquired a new position in shares of Analog Devices in the 1st quarter valued at about $33,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Vivek Jain sold 3,479 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the sale, the executive vice president now owns 5,745 shares in the company, valued at $1,134,982.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Vivek Jain sold 3,479 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the transaction, the executive vice president now directly 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 is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the transaction, the chief executive officer now owns 5,713 shares in the company, valued at approximately $1,097,524.43. The disclosure for this sale can be found here. Insiders have sold 24,707 shares of company stock worth $4,825,113 over the last 90 days. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ADI has been the subject of several research reports. Truist Financial decreased their price target on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Wolfe Research raised shares of Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 target price for the company in a research note on Thursday, January 18th. Cantor Fitzgerald reissued a “neutral” rating and set a $205.00 target price on shares of Analog Devices in a research note on Monday, March 4th. Oppenheimer reissued an “outperform” rating and set a $215.00 target price on shares of Analog Devices in a research note on Thursday, February 22nd. Finally, Edward Jones raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.17.

Analog Devices Price Performance

Shares of NASDAQ ADI traded down $1.85 during midday trading on Thursday, reaching $187.58. The company’s stock had a trading volume of 2,748,869 shares, compared to its average volume of 3,335,177. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average price of $193.18 and a 200 day moving average price of $186.46. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $204.20. The company has a market cap of $93.02 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 4.80 and a beta of 1.17.

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

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.92 per share. The ex-dividend date was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s payout ratio is currently 65.83%.

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.