Analog Devices, Inc. Stock (NASDAQ:ADI) acquired by Cambridge Investment Research Advisors Inc.

According to its latest 13F filing with the Securities and Exchange Commission, Cambridge Investment Research Advisors Inc. increased its shares in Analog Devices, Inc. (NASDAQ:ADI – Free Report) up 7.9% in the fourth quarter. An institutional investor owned 48,229 shares of the semiconductor company after purchasing an additional 3,549 shares during the quarter. At the end of the last reporting period, the value of shares of Cambridge Investment Research Advisors Inc. at Analog Devices was $9,576,000.

Other hedge funds also bought and sold shares of the company. In the fourth quarter, Pinnacle Bancorp Inc. increased its shares in Analog Devices by 101.6%. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. USA Financial Formulas increased its exposure to shares of 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 acquiring an additional 65 shares in the last quarter. Cetera Trust Company NA acquired a new stake in shares of Analog Devices during the 4th quarter valued at $29,000. Private Wealth Management Group LLC purchased a new stake in shares of Analog Devices in the 4th quarter worth $29,000. Ultimately, Stuart Chaussee & Associates Inc. purchased a new stake in shares of Analog Devices during the fourth quarter worth $32,000. Institutional investors and hedge funds hold 86.81% of the company’s shares.

Analog equipment inventory performance

On Monday, ADI opened at $232.51. The company’s fifty day simple moving average is $200.67 and its two hundred day simple moving average is $193.84. The company has a market capitalization of $115.38 billion, a price-to-earnings ratio of 54.32, a PEG ratio of 5.77 and a beta of 1.14. The company has a quick ratio of 0.98, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. it has a 52-week low of $154.99 and a 52-week high of $241.88.

Analog Devices ( NASDAQ:ADI – Get Free Report ) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported EPS of $1.40 for the quarter, $0.14 above analysts’ consensus estimates of $1.26. The company had revenue of $2.16 billion for the quarter, compared to analyst expectations of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company’s quarterly revenues decreased by 33.8% compared to the same quarter last year. During the same period last year, the company earned $2.83 per share. Stock analysts predict that Analog Devices, Inc. will see earnings per share of 6.16 for the current fiscal year.

Dividend announcement for analog devices

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17. Shareholders who hit record highs on Tuesday, June 4 will receive a dividend of $0.92. This represents a dividend of $3.68 on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, June 4. Analog Devices’ dividend payout ratio (DPR) is 85.98%.

Confidential activity

In other news, Director James Champy sold 1,228 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $197.64 for a total value of $242,701.92. Following the completion of the sale, the director now directly owns 6,371 shares of the company’s stock valued at $1,259,164.44. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link. In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction amount of $1,970,600.00. Following the completion of the sale, the CEO now directly owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, Director James Champy sold 1,228 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction amount of $242,701.92. Following the sale, the director now owns 6,371 shares of the company’s stock valued at $1,259,164.44. The announcement of this sale can be found here. Over the last three months, insiders sold 24,707 shares of company stock worth $4,874,613. Insiders own 0.31% of the company’s shares.

Analyst Upgrades and Downgrades

ADI has been the subject of several recent research reports. The Goldman Sachs Group raised their price target on Analog Devices shares from $205.00 to $252.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group began covering shares of Analog Devices in a report on Monday, May 13th. They issued a “buy” rating and a $250.00 price target for the stock. Oppenheimer increased their price target on shares of Analog Devices from $215.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Bank of America raised their price target on Analog Devices from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday. Finally, KeyCorp raised their price target on shares of Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and eighteen analysts have rated the stock with a buy rating. Based on data from MarketBeat, the company’s average rating is “Moderate Buy” and its average price target is $243.23.

Check out our latest research report on analog devices

Analog devices company profile

(free report)

Analog Devices, Inc designs, manufactures, tests and sells integrated circuits (ICs), software and subsystems in the United States, the rest of North and South America, Europe, Japan, China and the rest of Asia. The company provides data conversion products that translate real analog signals into digital data, and also translate digital data into analog signals; power management products and reference products for power conversion, controller monitoring, sequencing and energy management in the automotive, telecommunications, industrial and consumer markets; and power ICs, which include performance simulation, integration, and software design tools to achieve accurate power supply designs.

Further reading

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