Analog Devices, Inc. $ADI Shares Bought by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 10.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,325 shares of the semiconductor company’s stock after acquiring an additional 2,760 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Analog Devices were worth $6,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADI. Howard Hughes Medical Institute acquired a new position in Analog Devices during the second quarter valued at approximately $25,000. RMG Wealth Management LLC acquired a new stake in shares of Analog Devices in the second quarter worth $26,000. Clayton Financial Group LLC purchased a new position in shares of Analog Devices in the 3rd quarter valued at $31,000. Sound Income Strategies LLC boosted its position in shares of Analog Devices by 141.8% in the third quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock worth $39,000 after buying an additional 95 shares during the period. Finally, Access Investment Management LLC acquired a new stake in shares of Analog Devices in the second quarter valued at about $45,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Activity

In other Analog Devices news, SVP Katsufumi Nakamura sold 500 shares of Analog Devices stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $289.17, for a total transaction of $144,585.00. Following the transaction, the senior vice president owned 13,210 shares of the company’s stock, valued at $3,819,935.70. The trade was a 3.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Michael Sondel sold 8,169 shares of Analog Devices stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the sale, the chief accounting officer directly owned 18,913 shares of the company’s stock, valued at $5,258,381.39. This trade represents a 30.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 39,919 shares of company stock worth $10,464,462. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ADI shares. Weiss Ratings restated a “buy (b-)” rating on shares of Analog Devices in a research note on Monday, December 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $270.00 target price on shares of Analog Devices in a research report on Wednesday, November 26th. Wells Fargo & Company upped their price target on Analog Devices from $250.00 to $265.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Analog Devices in a report on Tuesday, November 25th. Finally, BNP Paribas began coverage on shares of Analog Devices in a report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $287.22.

Analog Devices Stock Up 2.1%

NASDAQ ADI opened at $299.16 on Friday. The company has a market capitalization of $146.48 billion, a P/E ratio of 65.61, a PEG ratio of 1.62 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. The company’s 50 day simple moving average is $261.31 and its 200 day simple moving average is $247.37. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $299.53.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the company posted $1.67 earnings per share. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. Equities research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s dividend payout ratio is currently 86.84%.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.