Aspiriant LLC Takes Position in Analog Devices, Inc. (NASDAQ:ADI)

Aspiriant LLC acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,057 shares of the semiconductor company’s stock, valued at approximately $210,000.

A number of other hedge funds have also recently made changes to their positions in the business. Halpern Financial Inc. raised its position in shares of Analog Devices by 331.4% in the third quarter. Halpern Financial Inc. now owns 151 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 116 shares during the period. Pinnacle Bancorp Inc. raised its position in shares of Analog Devices by 101.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. Silver Oak Securities Incorporated bought a new stake in shares of Analog Devices in the third quarter valued at approximately $29,000. Fortis Capital Advisors LLC bought a new stake in shares of Analog Devices in the first quarter valued at approximately $31,000. Finally, Quarry LP raised its position in shares of Analog Devices by 267.4% in the first quarter. Quarry LP now owns 169 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 123 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 5,745 shares in the company, valued at approximately $1,134,982.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director James Champy sold 1,228 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the sale, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Vivek Jain sold 3,479 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares in the company, valued at $1,134,982.20. The disclosure for this sale can be found here. Insiders sold 24,707 shares of company stock worth $4,825,113 in the last three months. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ADI. Morgan Stanley reaffirmed an “overweight” rating and set a $212.00 price objective on shares of Analog Devices in a research note on Thursday. Sanford C. Bernstein cut shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective for the company. in a research note on Thursday, January 4th. Oppenheimer reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Analog Devices in a research note on Thursday, February 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $205.00 price objective on shares of Analog Devices in a research note on Monday, March 4th. Finally, Edward Jones raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $206.26.

View Our Latest Stock Analysis on ADI

Analog Devices Trading Up 1.2 %

Shares of ADI opened at $198.64 on Friday. The firm has a 50 day moving average price of $193.24 and a 200-day moving average price of $185.92. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $204.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The firm has a market cap of $98.51 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 4.93 and a beta of 1.17.

Analog Devices (NASDAQ:ADIGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted $2.75 EPS. The firm’s revenue was down 22.7% compared to the same quarter last year. As a group, equities research analysts forecast that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.92 per share. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio is currently 65.83%.

Analog Devices Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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