Tradewinds LLC. Buys New Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Tradewinds LLC. purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,022 shares of the semiconductor company’s stock, valued at approximately $209,000.

A number of other institutional investors also recently bought and sold shares of ADI. Cannell & Spears LLC raised its holdings in shares of Analog Devices by 2.7% during the fourth quarter. Cannell & Spears LLC now owns 271,631 shares of the semiconductor company’s stock worth $57,711,000 after purchasing an additional 7,242 shares during the last quarter. Summit Financial LLC grew its position in Analog Devices by 1.2% during the 4th quarter. Summit Financial LLC now owns 18,208 shares of the semiconductor company’s stock worth $3,868,000 after purchasing an additional 208 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Analog Devices during the 4th quarter valued at about $71,000. D L Carlson Investment Group Inc. lifted its holdings in shares of Analog Devices by 31.7% in the 4th quarter. D L Carlson Investment Group Inc. now owns 1,617 shares of the semiconductor company’s stock valued at $344,000 after buying an additional 389 shares during the period. Finally, FSB Premier Wealth Management Inc. lifted its holdings in shares of Analog Devices by 20.4% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 6,075 shares of the semiconductor company’s stock valued at $1,291,000 after buying an additional 1,029 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 4,000 shares of Analog Devices stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total transaction of $836,760.00. Following the completion of the sale, the chief financial officer now directly owns 49,916 shares in the company, valued at $10,441,928.04. This trade represents a 7.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the completion of the transaction, the chief executive officer now owns 21,983 shares in the company, valued at approximately $4,737,116.67. This represents a 31.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,684 shares of company stock worth $7,746,500 in the last ninety days. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ADI has been the subject of several recent research reports. Maxim Group began coverage on Analog Devices in a research report on Friday, February 14th. They set a “buy” rating for the company. Benchmark raised their price objective on shares of Analog Devices from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. UBS Group boosted their target price on shares of Analog Devices from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised their price target on shares of Analog Devices from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley upped their price objective on shares of Analog Devices from $248.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.41.

Analog Devices Trading Down 1.2 %

ADI opened at $199.18 on Wednesday. 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’s 50 day simple moving average is $215.71 and its two-hundred day simple moving average is $219.17. The firm has a market capitalization of $98.79 billion, a price-to-earnings ratio of 63.43, a price-to-earnings-growth ratio of 2.85 and a beta of 1.07. Analog Devices, Inc. has a 1-year low of $182.57 and a 1-year high of $247.10.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.09. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the company posted $1.73 earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices declared that its board has approved a share repurchase program on Tuesday, February 18th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This is an increase from Analog Devices’s previous quarterly dividend of $0.92. This represents a $3.96 dividend on an annualized basis and a yield of 1.99%. Analog Devices’s payout ratio is 126.11%.

About Analog Devices

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.