Financial Management Professionals Inc. Buys 976 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Financial Management Professionals Inc. increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 351.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,254 shares of the semiconductor company’s stock after acquiring an additional 976 shares during the period. Financial Management Professionals Inc.’s holdings in Analog Devices were worth $248,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ADI. Pinnacle Bancorp Inc. raised 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 valued at $26,000 after acquiring an additional 65 shares during the last quarter. USA Financial Formulas increased its holdings in 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 last quarter. Silver Oak Securities Incorporated acquired a new position in Analog Devices in the third quarter valued at about $29,000. Cetera Trust Company N.A bought a new position in Analog Devices during the fourth quarter worth about $29,000. Finally, Private Wealth Management Group LLC acquired a new position in shares of Analog Devices during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Stifel Nicolaus upped their price objective on shares of Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, May 20th. Susquehanna lifted their target price on Analog Devices from $230.00 to $280.00 and gave the stock a “positive” rating in a report on Thursday, May 23rd. Sanford C. Bernstein increased their price target on Analog Devices from $200.00 to $220.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. Finally, TD Cowen lifted their price objective on Analog Devices from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $243.23.

Analog Devices Stock Up 0.7 %

NASDAQ:ADI opened at $228.26 on Friday. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $241.88. The firm has a market capitalization of $113.27 billion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 3.82 and a beta of 1.12. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $220.13 and its two-hundred day moving average price is $202.65.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.14. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The firm’s revenue was down 33.8% on a year-over-year basis. During the same period last year, the business earned $2.83 earnings per share. Equities research analysts expect that Analog Devices, Inc. will post 6.24 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were paid a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.61%. Analog Devices’s dividend payout ratio (DPR) is currently 85.98%.

Insider Buying and Selling

In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $233.94, for a total value of $4,120,151.28. Following the sale, the executive vice president now owns 69,241 shares in the company, valued at $16,198,239.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other 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 transaction, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael Sondel sold 4,830 shares of Analog Devices stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $236.58, for a total transaction of $1,142,681.40. Following the sale, the chief accounting officer now directly owns 10,547 shares of the company’s stock, valued at approximately $2,495,209.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,121 shares of company stock worth $10,875,654. Company insiders own 0.31% of the company’s stock.

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.