Analog Devices, Inc. $ADI Shares Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,351 shares of the semiconductor company’s stock after acquiring an additional 2,570 shares during the quarter. Great Lakes Advisors LLC’s holdings in Analog Devices were worth $5,246,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ADI. Flossbach Von Storch SE boosted its stake in shares of Analog Devices by 21.4% in the third quarter. Flossbach Von Storch SE now owns 517,199 shares of the semiconductor company’s stock valued at $127,076,000 after purchasing an additional 91,057 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Analog Devices by 28.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 864 shares of the semiconductor company’s stock worth $212,000 after buying an additional 193 shares in the last quarter. AustralianSuper Pty Ltd boosted its position in Analog Devices by 20.2% in the 3rd quarter. AustralianSuper Pty Ltd now owns 5,755 shares of the semiconductor company’s stock valued at $1,414,000 after buying an additional 967 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Analog Devices by 2.0% during the third quarter. Ballentine Partners LLC now owns 12,480 shares of the semiconductor company’s stock valued at $3,066,000 after acquiring an additional 247 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in shares of Analog Devices by 11.9% during the third quarter. Valeo Financial Advisors LLC now owns 5,653 shares of the semiconductor company’s stock valued at $1,389,000 after acquiring an additional 601 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $275.07, for a total transaction of $2,750,700.00. Following the transaction, the chief executive officer directly owned 155,688 shares of the company’s stock, valued at approximately $42,825,098.16. This trade represents a 6.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Martin Cotter sold 10,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the completion of the transaction, the senior vice president owned 49,664 shares of the company’s stock, valued at $13,828,444.16. This represents a 16.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 53,544 shares of company stock worth $14,328,561 over the last ninety days. 0.33% of the stock is currently owned by company insiders.

Analog Devices Stock Down 2.5%

ADI stock opened at $310.88 on Friday. The stock has a market cap of $151.90 billion, a PE ratio of 68.18, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03. The firm’s 50-day simple moving average is $284.07 and its 200 day simple moving average is $254.36. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $319.26. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the business posted $1.67 EPS. Analog Devices’s revenue was up 25.9% on a year-over-year basis. As a group, sell-side analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group set a $350.00 price target on Analog Devices in a report on Wednesday, January 21st. Robert W. Baird upped their target price on Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Oppenheimer increased their target price on Analog Devices from $265.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. KeyCorp raised their price target on shares of Analog Devices from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Zacks Research raised shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $312.04.

Analog Devices 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.