Richardson Financial Services Inc. purchases a new position in Analog Devices, Inc. (NASDAQ:ADI)

According to its latest filing with the Securities and Exchange Commission (SEC), Richardson Financial Services Inc. acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the fourth quarter. An institutional investor purchased 381 shares of the semiconductor company’s stock valued at approximately $76,000.

Several other hedge funds also made changes to their positions in ADI. 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 holdings in Analog Devices by 87.8% during 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. Silver Oak Securities Incorporated acquired a new stake in shares of Analog Devices during the third quarter worth approximately $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 acquired a new stake in shares of Analog Devices during the 4th quarter valued at $29,000. Institutional investors and hedge funds hold 86.81% of the company’s shares.

Insiders buying and selling at Analog Devices

In other Analog Devices news, Executive Vice President Gregory M. Bryant sold 17,612 shares of the company’s stock on Thursday, June 13. The shares were sold at an average price of $233.94, for a total transaction amount of $4,120,151.28. Following the sale, the executive vice president now owns 69,241 shares of the company’s stock, valued at approximately $16,198,239.54. The sale was disclosed in a legal filing with the SEC, available at this link. Therefore, Vice President Gregory M. Bryant sold 17,612 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $233.94, for a total transaction amount of $4,120,151.28. Following the transaction, the executive vice president now owns 69,241 shares of the company’s stock valued at $16,198,239.54. The sale was disclosed in a legal filing with the Securities and Exchange Commission, available at this link. 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 value of $242,701.92. Following the transaction, 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. In the last quarter, insiders sold 51,349 shares of company stock worth $11,118,356. Corporate insiders own 0.31% of the company’s shares.

Analog device stocks fell 1.2%

NASDAQ ADI shares opened at $231.19 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt to equity ratio of 0.19. The company has a 50-day moving average price of $212.62 and a 200-day moving average price of $199.54. Analog Devices, Inc. hit a 52-week low of $154.99 and a 52-week high of $241.88. The company’s stock market capitalization is $114.72 billion, price-to-earnings ratio is 54.02, price-to-earnings growth ratio is 3.90, and beta is 1.12.

Analog Devices (NASDAQ:ADI – Get Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported EPS of $1.40 for the quarter, which was $0.14 ahead of the consensus estimate of $1.26. The company’s revenue for the quarter was $2.16 billion, compared to analyst estimates of $2.11 billion. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The company’s quarterly revenues decreased by 33.8% year over year. During the same quarter last year, the company earned $2.83 EPS. Stock research analysts predict that Analog Devices, Inc. will report an EPS of 6.24 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 per share. This represents a dividend of $3.68 on an annualized basis and a yield of 1.59%. The ex-dividend date is Tuesday, June 4. Analog Devices’ payout ratio is currently 85.98%.

A Wall Street analyst weighs in

Many equity research analysts have recently commented on ADI stock. Evercore ISI began covering shares of Analog Devices in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 price target for the company. Needham & Company LLC maintained a “hold” rating on shares of Analog Devices in a research note on Thursday, May 23rd. Citigroup increased their target price on shares of Analog Devices from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. TD Cowen raised their target price on shares of Analog Devices from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Susquehanna increased their price target on shares of Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a research note on Thursday, May 23rd. Seven investment analysts rated the company’s shares with a hold rating, and eighteen of them issued a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $243.23.

Read our latest research report on ADI

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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