PFS Partners LLC Purchases Shares of 370 Analog Devices, Inc. (NASDAQ:ADI)

PFS Partners LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the first quarter, HoldingsChannel reports. The institutional investor purchased 370 shares of the semiconductor company’s stock, valued at approximately $75,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in Analog Devices in the 4th quarter valued at approximately $27,000. Menard Financial Group LLC bought a new position in shares of Analog Devices during the 4th quarter worth approximately $27,000. Hopwood Financial Services Inc. acquired a new stake in shares of Analog Devices in the fourth quarter valued at approximately $30,000. Mainstream Capital Management LLC bought a new stake in shares of Analog Devices in the fourth quarter worth $30,000. Finally, Cassady Schiller Wealth Management LLC boosted its holdings in Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 55 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total value of $563,156.25. Following the sale, the director now directly owns 186,321 shares of the company’s stock, valued at $33,576,907.41. This trade represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total value of $2,091,200.00. Following the completion of the transaction, the chief executive officer now owns 64,918 shares in the company, valued at approximately $13,575,652.16. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,934 shares of company stock worth $8,735,156. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Trading Up 1.9%

Shares of NASDAQ:ADI opened at $222.26 on Monday. The business’s 50 day simple moving average is $199.58 and its 200 day simple moving average is $210.29. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The company has a market capitalization of $110.30 billion, a P/E ratio of 70.78, a P/E/G ratio of 2.85 and a beta of 1.00.

Analog Devices (NASDAQ:ADI) last released its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.15. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $1.40 EPS. The company’s revenue was up 22.3% compared to the same quarter last year. On average, research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices declared that its Board of Directors has approved a stock buyback plan on Tuesday, February 18th that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, June 4th. Analog Devices’s dividend payout ratio is currently 107.90%.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of analyst reports. Barclays raised their target price on shares of Analog Devices from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Friday, May 23rd. TD Cowen raised their price objective on Analog Devices from $200.00 to $250.00 and gave the company a “buy” rating in a report on Friday, May 23rd. KGI Securities began coverage on Analog Devices in a report on Friday, May 23rd. They set a “buy” rating on the stock. Maxim Group began coverage on Analog Devices in a research note on Friday, February 14th. They issued a “buy” rating for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.63.

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.