Financial Management Professionals Inc. Increases Stake in Analog Devices, Inc. (NASDAQ:ADI)

Financial Management Professionals Inc. increased its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) up 351.1% in Q1, according to the company’s latest 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,254 shares of the semiconductor company’s stock after purchasing an additional 976 shares during the period. Shares of Financial Management Professionals Inc. in Analog Devices were worth $248,000 at the end of the last reporting period.

Several other hedge funds also recently added to or decreased their holdings in the stock. Norway Savings Bank increased its holdings in Analog Devices by 4.3% in the first quarter. Norway Savings Bank now owns 12,862 shares of the semiconductor company’s stock worth $2,544,000 after purchasing an additional 535 shares in the last quarter. Brookmont Capital Management increased its holdings in Analog Devices by 1.5% in the first quarter. Brookmont Capital Management now owns 15,547 shares of the semiconductor company’s stock worth $3,075,000 after purchasing an additional 234 shares in the last quarter. Indiana Trust & Investment Management CO increased its holdings in Analog Devices by 11.8% in the first quarter. Indiana Trust & Investment Management CO now owns 1,687 shares of the semiconductor company’s stock worth $334,000 after acquiring an additional 178 shares in the last quarter. Investment Partners Asset Management Inc. increased its position in shares of Analog Devices by 3.3% in the first quarter. Investment Partners Asset Management Inc. now owns 2,255 shares of the semiconductor company’s stock worth $446,000 after acquiring an additional 73 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in Analog Devices by 28.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 4,045 shares of the semiconductor company’s stock worth $800,000 after purchasing an additional 890 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Price Performance

On Friday, the NASDAQ ADI opened at $228.26. The company’s stock has a market capitalization of $113.27 billion, a P/E ratio of 53.33, a P/E/G ratio of 3.82, and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58. The company’s 50 day moving average is $220.13 and its 200 day moving average is $202.65. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $241.88.

Analog Devices (NASDAQ:ADI – Get Free Report) last announced its 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. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. 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 in earnings per share. Analog Devices’ revenue for the quarter was down 33.8% compared to the same quarter last year. Research analysts predict that Analog Devices, Inc. will report an average of 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 17. Stockholders of record on Tuesday, June 4th received a dividend of $0.92. This represents an annual dividend of $3.68 and a dividend yield of 1.61%. The dividend record date was Tuesday, June 4. Analog Devices’ Dividend Payout Ratio (DPR) is currently 85.98%.

Internal activity

In other news, on Thursday, April 4, Vice President Vivek Jain sold 3,479 shares of the company’s stock. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the sale, the Executive Vice President now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1. The shares were sold at an average price of $197.06, for a total value of $1,970,600.00. Following the transaction, the CEO now owns 51,039 shares of the company’s stock, valued at approximately $10,057,745.34. The transaction was disclosed in a document filed with the SEC, which can be accessed at this link . Additionally, Vice President Vivek Jain sold 3,479 shares of the company’s stock in a transaction that occurred on Thursday, April 4. The shares were sold at an average price of $197.56, for a total transaction value of $687,311.24. Following the completion of the sale, the Executive Vice President now owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The announcement of the sale can be found here . Over the last 90 days, insiders have sold 50,121 shares of the company’s stock valued at $10,875,654. 0.31% of the stock is owned by company insiders.

Analyst ratings upgrades and downgrades

Many analysts have recently published reports on the stock. Cantor Fitzgerald raised their target price on shares of Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. JPMorgan Chase & Co. increased their price target on Analog Devices from $220.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group increased their price target on Analog Equipment from $205.00 to $252.00 and gave the stock a “buy” in a research note on Thursday, May 23rd. Sanford C. Bernstein increased their price target on shares of Analog Devices from $200.00 to $220.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. Finally, KeyCorp raised their price target on shares of Analog Devices from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Seven analysts have rated the stock with a hold rating and eighteen analysts have rated the stock with a buy rating. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $243.23.

Download our latest stock report on ADI

Analog device 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.

Featured Stories

Get daily news and reviews about analog devices – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for analog and related companies with MarketBeat.com’s FREE daily email newsletter.