Analog Devices, Inc. (NASDAQ:ADI) Position Raised by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 28.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,045 shares of the semiconductor company’s stock after purchasing an additional 890 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Analog Devices were worth $800,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its holdings in Analog Devices by 101.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 65 shares in the last quarter. USA Financial Formulas increased its holdings in shares of Analog Devices by 87.8% in the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 65 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in shares of Analog Devices in the third quarter valued at $29,000. Cetera Trust Company N.A bought a new position in shares of Analog Devices in the fourth quarter valued at $29,000. Finally, Private Wealth Management Group LLC bought a new position in shares of Analog Devices in the fourth quarter valued at $29,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 0.7 %

Shares of ADI opened at $228.26 on Friday. The company has a 50-day simple moving average of $220.13 and a 200-day simple moving average of $202.57. The firm has a market capitalization of $113.27 billion, a P/E ratio of 53.33, a P/E/G ratio of 3.84 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $241.88.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.14. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The firm’s revenue for the quarter was down 33.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.83 earnings per share. On average, equities research analysts expect that Analog Devices, Inc. will post 6.24 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were paid a $0.92 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.61%. Analog Devices’s payout ratio is currently 85.98%.

Analysts Set New Price Targets

Several research firms have issued reports on ADI. Cantor Fitzgerald upped their price target on Analog Devices from $205.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. Stifel Nicolaus upped their price target on Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a report on Monday, May 20th. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research report on Thursday, May 23rd. The Goldman Sachs Group lifted their price objective on shares of Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $220.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.23.

Insider Activity at Analog Devices

In related news, EVP Gregory M. Bryant sold 17,612 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the sale, the executive vice president now owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the sale, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares in the company, valued at $1,134,982.20. The disclosure for this sale can be found here. Insiders have sold a total of 50,121 shares of company stock valued at $10,875,654 over the last quarter. 0.31% of the stock is owned by company insiders.

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.