World Investment Advisors Grows Stake in Analog Devices, Inc. $ADI

World Investment Advisors lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,570 shares of the semiconductor company’s stock after buying an additional 1,871 shares during the period. World Investment Advisors’ holdings in Analog Devices were worth $13,408,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brookstone Capital Management boosted its holdings in Analog Devices by 20.4% in the 3rd quarter. Brookstone Capital Management now owns 2,698 shares of the semiconductor company’s stock worth $663,000 after acquiring an additional 457 shares during the period. Tritonpoint Wealth LLC boosted its stake in shares of Analog Devices by 31.9% in the third quarter. Tritonpoint Wealth LLC now owns 25,517 shares of the semiconductor company’s stock valued at $6,269,000 after purchasing an additional 6,167 shares during the period. ARS Investment Partners LLC boosted its stake in shares of Analog Devices by 4.2% in the third quarter. ARS Investment Partners LLC now owns 22,437 shares of the semiconductor company’s stock valued at $5,513,000 after purchasing an additional 912 shares during the period. Private Trust Co. NA grew its holdings in Analog Devices by 4.6% during the 3rd quarter. Private Trust Co. NA now owns 3,551 shares of the semiconductor company’s stock valued at $872,000 after purchasing an additional 157 shares in the last quarter. Finally, Founders Financial Securities LLC increased its stake in Analog Devices by 14.5% during the 3rd quarter. Founders Financial Securities LLC now owns 2,779 shares of the semiconductor company’s stock worth $683,000 after buying an additional 351 shares during the period. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Trading Up 0.5%

ADI opened at $277.98 on Thursday. The stock has a market capitalization of $136.11 billion, a PE ratio of 60.96, a PEG ratio of 1.53 and a beta of 1.04. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $284.23. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $252.62 and a two-hundred day moving average price of $243.60.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 earnings per share. As a group, equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is currently 86.84%.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of analyst reports. Stifel Nicolaus set a $280.00 price objective on shares of Analog Devices in a research report on Friday, November 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $300.00 price target on shares of Analog Devices in a report on Tuesday, November 25th. BNP Paribas started coverage on Analog Devices in a report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, Benchmark restated a “buy” rating and issued a $285.00 price target on shares of Analog Devices in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $287.22.

Insider Buying and Selling

In other Analog Devices news, SVP Martin Cotter sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $271.19, for a total value of $1,355,950.00. Following the completion of the transaction, the senior vice president owned 59,664 shares of the company’s stock, valued at $16,180,280.16. This represents a 7.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael Sondel sold 8,169 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the transaction, the chief accounting officer directly owned 18,913 shares of the company’s stock, valued at $5,258,381.39. The trade was a 30.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,419 shares of company stock valued at $10,249,017 in the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.