Orion Portfolio Solutions LLC Grows Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Orion Portfolio Solutions LLC lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 133.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,749 shares of the semiconductor company’s stock after buying an additional 29,023 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Analog Devices were worth $9,591,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. NBC Securities Inc. purchased a new stake in shares of Analog Devices in the 3rd quarter worth approximately $123,000. Pinnacle Financial Partners Inc lifted its holdings in Analog Devices by 606.5% during the third quarter. Pinnacle Financial Partners Inc now owns 2,282 shares of the semiconductor company’s stock valued at $400,000 after purchasing an additional 1,959 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in Analog Devices by 5.1% during the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,772 shares of the semiconductor company’s stock valued at $310,000 after purchasing an additional 86 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Analog Devices by 15.0% in the third quarter. Victory Capital Management Inc. now owns 505,270 shares of the semiconductor company’s stock worth $88,468,000 after buying an additional 65,855 shares in the last quarter. Finally, PFG Investments LLC lifted its stake in shares of Analog Devices by 17.4% in the third quarter. PFG Investments LLC now owns 1,331 shares of the semiconductor company’s stock worth $233,000 after buying an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In related news, Director James Champy sold 1,228 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now directly owns 6,371 shares in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated 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 owns 51,039 shares of the company’s stock, valued at approximately $10,057,745.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James Champy sold 1,228 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,707 shares of company stock valued at $4,874,613. 0.31% of the stock is owned by insiders.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded down $2.05 during trading hours on Friday, reaching $232.51. The stock had a trading volume of 4,544,312 shares, compared to its average volume of 3,265,739. The business’s fifty day moving average is $200.67 and its two-hundred day moving average is $193.66. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 0.98. The company has a market cap of $115.38 billion, a price-to-earnings ratio of 54.32, a PEG ratio of 5.77 and a beta of 1.14. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $241.88.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.26 by $0.14. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The business’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. As a group, research analysts expect that Analog Devices, Inc. will post 6.16 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, June 4th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, June 4th. Analog Devices’s dividend payout ratio is presently 85.98%.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, May 20th. Evercore ISI started coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 price target for the company. Barclays lifted their price target on shares of Analog Devices from $185.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, May 20th. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Thursday. Finally, UBS Group upped their price target on shares of Analog Devices from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and a consensus target price of $243.23.

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.