Stifel Financial Corp has a $160.71 million stake in Analog Devices, Inc. (NASDAQ:ADI)

Stifel Financial Corp increased its position in shares of Analog Devices, Inc., according to its latest filing with the Securities and Exchange Commission (SEC). (NASDAQ:ADI – Free Report) up 0.7% in the fourth quarter. The fund owned 809,324 shares of the semiconductor company after purchasing an additional 5,962 shares during the quarter. Stifel Financial Corp owned about 0.16% of Analog Devices worth $160,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also made changes to their positions at the company. Pinnacle Bancorp Inc. increased its position in the analog devices segment by 101.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. USA Financial Formulas increased its position in shares of Analog Devices by 87.8% during 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 period. Silver Oak Securities Incorporated acquired a new stake in shares of Analog Devices during the third quarter valued at $29,000. Cetera Trust Company NA acquired a new stake in shares of Analog Devices during the 4th quarter valued at $29,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Analog Devices during the 4th quarter valued at $29,000. 86.81% of the shares are currently owned by institutional investors and hedge funds.

Analog device stocks fell 1.6%

On Wednesday, ADI fell $3.80 to $229.64. The company’s trading volume was 737,165 shares while its average trading volume was 3,349,697. The stock has a fifty-day simple moving average of $202.35 and a 200-day simple moving average of $194.73. Analog Devices, Inc. it has a 52-week low of $154.99 and a 52-week high of $241.88. The company’s market capitalization is $113.95 billion, P/E ratio is 53.68, P/E/G ratio is 3.97 and beta is 1.14. The company has a debt to equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13.

Analog Devices ( NASDAQ:ADI – Get Free Report ) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported earnings per share (EPS) of $1.40 for the quarter, $0.14 above the consensus estimate of $1.26. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $2.83 per share. The company’s revenue declined 33.8% year-over-year. As a group, equity analysts expect Analog Devices, Inc. will report an EPS of 6.16 for the current financial year.

Analog Devices announces dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17. Stockholders of record on Tuesday, June 4 will receive a dividend of $0.92. This represents a dividend of $3.68 on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, June 4. Analog Devices’ dividend payout ratio (DPR) is currently 85.98%.

Insiders place their bets

In other news, CAO Michael Sondel sold 4,830 shares of the company’s stock on Friday, May 24. The shares were sold at an average price of $236.58, for a total transaction amount of $1,142,681.40. Following the completion of the sale, the chief accounting officer now owns 10,547 shares of the company’s stock, valued at approximately $2,495,209.26. The sale was disclosed in a legal document filed with the Securities and Exchange Commission, which is available at this hyperlink. In other news, CAO Michael Sondel sold 4,830 shares of the company’s stock on Friday, May 24. The shares were sold at an average price of $236.58, for a total transaction amount of $1,142,681.40. Following the completion of the sale, the chief accounting officer now owns 10,547 shares of the company’s stock, valued at approximately $2,495,209.26. The sale was disclosed in a legal document filed with the Securities and Exchange Commission, which is available at this hyperlink. Additionally, Director James Champy sold 1,228 shares of the company’s stock in a transaction on 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 directly owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The announcement of this sale can be found here. During the last quarter, insiders sold 29,537 shares of company stock worth $6,017,295. Company insiders own 0.31% of the company’s shares.

Analysts set new price targets

Many research firms have expressed their comments on ADI. Bank of America raised their target price on Analog Devices from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. UBS Group increased their target price on shares of Analog Devices from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Goldman Sachs Group increased their target price on shares of Analog Devices from $205.00 to $252.00 and gave the stock a “buy” in a report on Thursday, May 23rd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices on Thursday, May 23. Finally, TD Cowen increased their price target on shares of Analog Devices from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Seven equity analysts rated the company’s shares with a hold rating, and eighteen rated the company’s shares with a buy rating. Based on data from MarketBeat.com, Analog Devices currently has an average rating of Moderate Buy and a consensus price target of $243.23.

Read our latest report on analog devices

About analog devices

(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.

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