1,498 Shares in Analog Devices, Inc. (NASDAQ:ADI) Bought by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC bought a new position in Analog Devices, Inc. (NASDAQ:ADI) during the first quarter, HoldingsChannel reports. The fund bought 1,498 shares of the semiconductor company’s stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ADI. Pinnacle Bancorp Inc. increased its holdings in shares of Analog Devices by 101.6% in the fourth 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 increased its holdings in shares of Analog Devices by 87.8% in the fourth 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. Silver Oak Securities Incorporated bought a new stake in shares of Analog Devices in the third quarter worth about $29,000. Cetera Trust Company N.A bought a new stake in shares of Analog Devices in the fourth quarter worth about $29,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of Analog Devices in the fourth quarter worth about $29,000. 86.81% of the stock is owned by institutional investors.

Insider Transactions at Analog Devices

In other news, EVP Vivek Jain sold 3,479 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the sale, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the sale, the executive vice president now directly owns 5,745 shares in the company, valued at $1,134,982.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,121 shares of company stock valued at $8,901,654. Corporate insiders own 0.31% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI stock opened at $228.26 on Monday. The business’s fifty day simple moving average is $220.13 and its 200-day simple moving average is $202.72. The company has a market cap of $113.27 billion, a PE ratio of 53.33, a PEG ratio of 3.85 and a beta of 1.08. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $241.88.

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

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, June 4th. Analog Devices’s payout ratio is presently 85.98%.

Wall Street Analyst Weigh In

ADI has been the subject of several recent research reports. Morgan Stanley lifted their price target on Analog Devices from $221.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Stifel Nicolaus lifted their price target on Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, May 20th. Citigroup lifted their price target on Analog Devices from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Robert W. Baird lifted their price target on Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Finally, Jefferies Financial Group assumed coverage on Analog Devices in a research report on Monday, May 13th. They issued a “buy” rating and a $250.00 price target for the company. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.23.

Analog Devices 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.