Analog Devices, Inc. (NASDAQ:ADI) Stake Increased by Sunbelt Securities Inc.

Sunbelt Securities Inc. raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,339 shares of the semiconductor company’s stock after purchasing an additional 133 shares during the period. Sunbelt Securities Inc.’s holdings in Analog Devices were worth $710,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in Analog Devices during the fourth quarter valued at $27,000. Mainstream Capital Management LLC bought a new stake in Analog Devices during the fourth quarter valued at $30,000. Hopwood Financial Services Inc. bought a new stake in Analog Devices during the fourth quarter valued at $30,000. Cassady Schiller Wealth Management LLC boosted its holdings in shares of Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 55 shares during the period. Finally, Financial Life Planners acquired a new position in shares of Analog Devices during the fourth quarter valued at $33,000. Institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the completion of the sale, the chief executive officer now directly owns 64,918 shares of the company’s stock, valued at approximately $13,575,652.16. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the transaction, the director now directly owns 180,071 shares in the company, valued at approximately $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,934 shares of company stock worth $8,735,156. 0.33% of the stock is owned by insiders.

Analog Devices Stock Performance

ADI stock opened at $210.47 on Friday. The company has a market capitalization of $104.39 billion, a P/E ratio of 67.03, a PEG ratio of 2.85 and a beta of 0.98. The company has a 50-day simple moving average of $197.66 and a 200 day simple moving average of $210.26. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.15. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. Analog Devices’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 EPS. Sell-side analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices declared that its board has approved a share repurchase program on Tuesday, February 18th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the semiconductor company to reacquire up to 9.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $3.96 annualized dividend and a yield of 1.88%. Analog Devices’s dividend payout ratio (DPR) is 107.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ADI shares. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Friday. Benchmark reduced their price target on shares of Analog Devices from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday. Williams Trading set a $245.00 price target on shares of Analog Devices in a report on Friday, February 14th. Wells Fargo & Company boosted their price target on shares of Analog Devices from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Barclays boosted their price target on shares of Analog Devices from $170.00 to $185.00 and gave the company an “equal weight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $247.69.

Analog Devices Profile

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