Analog Devices, Inc. (NASDAQ:ADI) Holdings Lifted by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,720 shares of the semiconductor company’s stock after buying an additional 220 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Analog Devices were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ADI. Pinnacle Bancorp Inc. lifted its position in shares of Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 65 shares during the last quarter. USA Financial Formulas lifted its position in shares of Analog Devices by 87.8% during the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 65 shares during the last quarter. Cetera Trust Company N.A acquired a new position in shares of Analog Devices during the 4th quarter worth about $29,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of Analog Devices during the 4th quarter worth about $32,000. Finally, Northwest Capital Management Inc lifted its position in shares of Analog Devices by 519.2% during the 4th quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Down 0.0 %

NASDAQ ADI opened at $214.08 on Friday. The firm has a market cap of $106.16 billion, a PE ratio of 38.30, a price-to-earnings-growth ratio of 5.38 and a beta of 1.14. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $216.00. The stock’s 50 day simple moving average is $197.55 and its 200 day simple moving average is $191.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98.

Analog Devices (NASDAQ:ADIGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. Analog Devices’s revenue for the quarter was down 22.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.75 EPS. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 5.85 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.72%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio (DPR) is presently 65.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ADI shares. Jefferies Financial Group started coverage on Analog Devices in a report on Monday, May 13th. They issued a “buy” rating and a $250.00 price target for the company. The Goldman Sachs Group upped their price target on Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $212.00 price target on shares of Analog Devices in a report on Thursday, April 11th. Oppenheimer upped their price target on Analog Devices from $215.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Cantor Fitzgerald upped their price target on Analog Devices from $205.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $212.63.

View Our Latest Analysis on Analog Devices

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $197.40, for a total value of $1,974,000.00. Following the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $10,075,098.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James Champy sold 1,228 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the transaction, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $197.40, for a total value of $1,974,000.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $10,075,098.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,707 shares of company stock worth $4,874,613. Insiders own 0.31% of the company’s stock.

Analog Devices Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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