Impact Capital Partners LLC Buys 336 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Impact Capital Partners LLC boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,919 shares of the semiconductor company’s stock after buying an additional 336 shares during the period. Impact Capital Partners LLC’s holdings in Analog Devices were worth $2,404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Midwest Professional Planners LTD. increased its holdings in shares of Analog Devices by 0.6% in the 4th quarter. Midwest Professional Planners LTD. now owns 9,296 shares of the semiconductor company’s stock worth $1,975,000 after purchasing an additional 53 shares in the last quarter. Portland Global Advisors LLC increased its holdings in shares of Analog Devices by 1.3% in the 4th quarter. Portland Global Advisors LLC now owns 4,014 shares of the semiconductor company’s stock worth $853,000 after purchasing an additional 53 shares in the last quarter. NTV Asset Management LLC grew its holdings in shares of Analog Devices by 2.7% in the fourth quarter. NTV Asset Management LLC now owns 2,063 shares of the semiconductor company’s stock worth $438,000 after acquiring an additional 54 shares during the period. Cassady Schiller Wealth Management LLC grew its holdings in shares of Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 55 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in shares of Analog Devices by 1.3% in the fourth quarter. Lindbrook Capital LLC now owns 5,243 shares of the semiconductor company’s stock worth $1,114,000 after acquiring an additional 65 shares during the period. Institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

ADI has been the subject of several research analyst reports. Wells Fargo & Company reaffirmed a “positive” rating on shares of Analog Devices in a report on Friday, May 23rd. Morgan Stanley cut their price objective on Analog Devices from $214.00 to $212.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. Maxim Group initiated coverage on Analog Devices in a report on Friday, February 14th. They issued a “buy” rating for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Friday, May 23rd. Finally, Citigroup lifted their price objective on Analog Devices from $235.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $248.63.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the sale, the director now directly owns 186,321 shares of the company’s stock, valued at $33,576,907.41. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total value of $2,091,200.00. Following the sale, the chief executive officer now directly owns 64,918 shares in the company, valued at $13,575,652.16. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,934 shares of company stock valued at $8,735,156. 0.33% of the stock is currently owned by insiders.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $222.26 on Friday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 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. The stock’s 50-day simple moving average is $199.58 and its 200-day simple moving average is $210.32. The company has a market capitalization of $110.30 billion, a price-to-earnings ratio of 70.78, a PEG ratio of 2.85 and a beta of 1.00.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.15. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the firm posted $1.40 earnings per share. The business’s revenue was up 22.3% compared to the same quarter last year. As a group, analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.78%. Analog Devices’s dividend payout ratio (DPR) is 107.90%.

Analog Devices declared that its board has approved a share repurchase plan on Tuesday, February 18th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

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.