Analog Devices, Inc. (NASDAQ:ADI) Position Raised by Duality Advisers LP

Duality Advisers LP raised its stake in Analog Devices, Inc. (NASDAQ:ADI) by 66.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,930 shares of the semiconductor company’s stock after acquiring an additional 3,159 shares during the period. Duality Advisers LP’s holdings in Analog Devices were worth $1,568,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ADI. Massachusetts Financial Services Co. MA grew its holdings in shares of Analog Devices by 8.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,065,652 shares of the semiconductor company’s stock valued at $2,991,436,000 after acquiring an additional 1,197,215 shares in the last quarter. Norges Bank acquired a new position in shares of Analog Devices during the fourth quarter valued at about $1,225,227,000. Capital International Investors raised its position in Analog Devices by 5.8% in the fourth quarter. Capital International Investors now owns 4,510,652 shares of the semiconductor company’s stock worth $895,702,000 after purchasing an additional 246,799 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Analog Devices by 9.3% during the fourth quarter. First Eagle Investment Management LLC now owns 3,836,884 shares of the semiconductor company’s stock worth $761,852,000 after buying an additional 327,542 shares during the last quarter. Finally, Baillie Gifford & Co. grew its stake in Analog Devices by 11.7% during the fourth quarter. Baillie Gifford & Co. now owns 3,794,215 shares of the semiconductor company’s stock worth $753,379,000 after buying an additional 397,753 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Analog Devices

In other news, CAO Michael Sondel sold 4,830 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $236.58, for a total value of $1,142,681.40. Following the transaction, the chief accounting officer now owns 10,547 shares in the company, valued at approximately $2,495,209.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Michael Sondel sold 4,830 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $236.58, for a total value of $1,142,681.40. Following the completion of the transaction, the chief accounting officer now directly owns 10,547 shares of the company’s stock, valued at $2,495,209.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,642 shares of company stock worth $10,481,343. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ADI shares. Stifel Nicolaus raised their price objective on shares of Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, May 20th. Jefferies Financial Group initiated coverage on shares of Analog Devices in a research report on Monday, May 13th. They set a “buy” rating and a $250.00 price target on the stock. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday, May 23rd. Robert W. Baird upped their price target on shares of Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Finally, Barclays upped their price target on shares of Analog Devices from $185.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, May 20th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.23.

Analog Devices Stock Up 3.1 %

Analog Devices stock traded up $7.18 during mid-day trading on Friday, reaching $240.92. The stock had a trading volume of 1,916,908 shares, compared to its average volume of 3,267,762. The company has a market capitalization of $119.55 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 4.02 and a beta of 1.08. The company has a 50-day moving average price of $226.41 and a two-hundred day moving average price of $204.77. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $242.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13.

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

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 4th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Tuesday, June 4th. Analog Devices’s dividend payout ratio is currently 85.98%.

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.