26,314 Shares in Analog Devices, Inc. (NASDAQ:ADI) Acquired by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,314 shares of the semiconductor company’s stock, valued at approximately $5,205,000. Analog Devices comprises 0.6% of Entropy Technologies LP’s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADI. Pinnacle Bancorp Inc. grew its stake 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 buying an additional 65 shares during the period. USA Financial Formulas boosted its stake 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 purchasing an additional 65 shares during the period. Cetera Trust Company N.A purchased a new position in shares of Analog Devices in the fourth quarter valued at $29,000. Private Wealth Management Group LLC purchased a new position in shares of Analog Devices in the fourth quarter valued at $29,000. Finally, Riverview Trust Co purchased a new position in shares of Analog Devices in the first quarter valued at $30,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. KeyCorp upped their target price on shares of Analog Devices from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Jefferies Financial Group assumed coverage on shares of Analog Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $250.00 target price for the company. Morgan Stanley upped their target price on shares of Analog Devices from $221.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Sanford C. Bernstein upped their price target on shares of Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Analog Devices from $220.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $243.68.

Analog Devices Stock Performance

Shares of NASDAQ:ADI traded down $7.72 on Wednesday, reaching $235.61. 4,447,645 shares of the company’s stock were exchanged, compared to its average volume of 3,267,302. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $244.14. The business’s 50-day moving average is $229.29 and its two-hundred day moving average is $205.93. The firm has a market capitalization of $116.91 billion, a price-to-earnings ratio of 55.05, a PEG ratio of 4.01 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.14. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the company earned $2.83 EPS. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. As a group, equities research analysts forecast that Analog Devices, Inc. will post 6.24 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were issued a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.56%. Analog Devices’s dividend payout ratio (DPR) is presently 85.98%.

Insider Buying and Selling

In related news, EVP Gregory M. Bryant sold 17,612 shares of the 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 completion of the transaction, the executive vice president now owns 69,241 shares in the company, valued at approximately $16,198,239.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were 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 in the company, valued at approximately $10,057,745.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory M. Bryant sold 17,612 shares of the firm’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 transaction, the executive vice president now owns 69,241 shares of the company’s stock, valued at approximately $16,198,239.54. The disclosure for this sale can be found here. Insiders have sold a total of 46,642 shares of company stock valued at $10,481,343 in the last quarter. Company insiders own 0.31% of the company’s stock.

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.