Cambridge Investment Research Advisors Inc. purchases 3,549 shares of Analog Devices, Inc. (NASDAQ:ADI)

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

Other institutional investors have also recently increased or decreased their stakes in the company. In the fourth quarter, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Analog Devices by 4.3%. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,438 shares of the semiconductor company’s stock valued at $98,531,000 after purchasing an additional 21,522 shares in the last quarter. CTC Alternative Strategies Ltd. acquired a new stake in shares of Analog Devices during the fourth quarter worth approximately $1,152,000. Sequoia Financial Advisors LLC increased its holdings in Analog Devices by 107.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 12,667 shares of the semiconductor company’s stock valued at $2,515,000 after purchasing an additional 6,564 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in Analog Devices by 37.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 8,118 shares of the semiconductor company’s stock valued at $1,612,000 after purchasing an additional 2,215 shares in the last quarter. Finally, in the fourth quarter, Daiwa Securities Group Inc. increased its shares in Analog Devices by 4.7%. Daiwa Securities Group Inc. now owns 100,451 shares of the semiconductor company’s stock worth $19,946,000 after purchasing an additional 4,516 shares in the last quarter. Hedge funds and other institutional investors hold 86.81% of the company’s shares.

Confidential activity

In other 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 value of $1,970,600.00. Following the completion of the sale, the CEO now 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 Securities and Exchange Commission, which is available at this link. In other 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 value of $1,970,600.00. Following the completion of the sale, the CEO now 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 Securities and Exchange Commission, which is available at this link. Additionally, Vice President Vivek Jain sold 3,479 shares of the company’s stock in a transaction dated Thursday, April 4th. 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 approximately $1,134,982.20. The announcement of this sale can be found here. In the last quarter, insiders sold 24,707 shares of company stock worth $4,874,613. Currently, corporate insiders own 0.31% of the shares.

Turnover on analog devices decreased by 0.9%

Shares of Analog Devices fell $2.05 during trading hours on Monday, reaching $232.51. The stock’s trading volume was 4,544,300 shares while its average trading volume was 3,382,608. The company has a 50-day simple moving average of $200.67 and a two-hundred-day simple moving average of $193.84. The company’s market capitalization is $115.38 billion, price-to-earnings ratio is 54.32, P/E/G ratio is 3.97 and beta is 1.14. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt to equity ratio of 0.19. Analog Devices, Inc. it has a 1-year low of $154.99 and a 1-year high of $241.88.

Analog Devices (NASDAQ:ADI – Get Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported EPS of $1.40 for the quarter, which was $0.14 ahead of analysts’ consensus estimates of $1.26. The company’s revenue for the quarter was $2.16 billion, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company saw EPS of $2.83. As a group, equity research analysts predict that Analog Devices, Inc. will report 6.16 earnings per share for the current year.

Analog Devices announces dividend

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

Changes in analyst ratings

A number of brokerage houses have expressed their views on ADI. Cantor Fitzgerald raised their price target on Analog Devices from $205.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Truist Financial raised their price target on Analog Devices from $222.00 to $275.00 and gave the company a “buy” rating in a report on Thursday. UBS Group raised their price target for Analog Devices from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday. On Monday, May 13, Jefferies Financial Group released a report on analog devices. They set a “buy” rating and a $250.00 price target for the stock. Finally, Morgan Stanley raised their price target on Analog Devices from $221.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday. Seven analysts have rated the stock with a hold rating and eighteen analysts have rated the stock with a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $243.23.

Check out our latest analysis for 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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