Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 9.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,156 shares of the semiconductor company’s stock after acquiring an additional 375 shares during the quarter. Avestar Capital LLC’s holdings in Analog Devices were worth $883,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADI. Bank of Hawaii boosted its holdings in Analog Devices by 4.8% during the 3rd quarter. Bank of Hawaii now owns 1,043 shares of the semiconductor company’s stock valued at $240,000 after acquiring an additional 48 shares during the period. MONECO Advisors LLC lifted its position in shares of Analog Devices by 2.8% during the third quarter. MONECO Advisors LLC now owns 1,819 shares of the semiconductor company’s stock worth $419,000 after purchasing an additional 50 shares in the last quarter. DT Investment Partners LLC boosted its stake in shares of Analog Devices by 0.7% in the third quarter. DT Investment Partners LLC now owns 6,893 shares of the semiconductor company’s stock valued at $1,587,000 after purchasing an additional 51 shares during the period. Amarillo National Bank grew its holdings in shares of Analog Devices by 3.6% in the third quarter. Amarillo National Bank now owns 1,565 shares of the semiconductor company’s stock valued at $360,000 after purchasing an additional 54 shares in the last quarter. Finally, Blossom Wealth Management increased its stake in Analog Devices by 3.0% during the 3rd quarter. Blossom Wealth Management now owns 1,881 shares of the semiconductor company’s stock worth $433,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ADI. Barclays decreased their price target on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Wells Fargo & Company began coverage on Analog Devices in a report on Friday, November 22nd. They set an “equal weight” rating and a $220.00 price target on the stock. Morgan Stanley reduced their price target on Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Finally, TD Cowen cut their target price on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $248.70.

Analog Devices Stock Performance

NASDAQ ADI opened at $209.34 on Friday. The company has a fifty day moving average of $214.22 and a two-hundred day moving average of $219.87. The company has a market capitalization of $103.86 billion, a PE ratio of 63.63, a P/E/G ratio of 2.38 and a beta of 1.04. Analog Devices, Inc. has a 1 year low of $182.57 and a 1 year high of $244.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The business’s revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.01 EPS. As a group, analysts expect that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were issued a $0.92 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.76%. Analog Devices’s payout ratio is 111.85%.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total value of $2,154,900.00. Following the transaction, the chief executive officer now owns 21,983 shares in the company, valued at $4,737,116.67. The trade was a 31.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.33% of the stock is owned by 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.