Catalina Capital Group LLC Purchases Shares of 2,626 Analog Devices, Inc. (NASDAQ:ADI)

Catalina Capital Group LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,626 shares of the semiconductor company’s stock, valued at approximately $519,000.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Analog Devices during the 4th quarter worth about $1,225,227,000. Massachusetts Financial Services Co. MA raised its holdings in Analog Devices by 8.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,065,652 shares of the semiconductor company’s stock worth $2,991,436,000 after purchasing an additional 1,197,215 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Analog Devices by 20,527.8% during the 4th quarter. International Assets Investment Management LLC now owns 935,266 shares of the semiconductor company’s stock worth $1,857,060,000 after buying an additional 930,732 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Analog Devices by 27.7% in the 1st quarter. Van ECK Associates Corp now owns 3,691,023 shares of the semiconductor company’s stock valued at $730,047,000 after buying an additional 800,199 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt grew its position in shares of Analog Devices by 193.8% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 1,175,000 shares of the semiconductor company’s stock valued at $233,308,000 after buying an additional 775,000 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Price Performance

Shares of ADI traded up $6.32 during trading hours on Wednesday, reaching $238.33. The company had a trading volume of 4,037,300 shares, compared to its average volume of 3,279,956. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $241.88. The firm has a 50 day simple moving average of $224.78 and a 200-day simple moving average of $204.33. The company has a market capitalization of $118.26 billion, a price-to-earnings ratio of 55.68, a PEG ratio of 3.94 and a beta of 1.08.

Analog Devices (NASDAQ:ADIGet Free Report) last issued its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.14. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The firm’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same period last year, the company posted $2.83 earnings per share. Research analysts expect that Analog Devices, Inc. will post 6.24 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 4th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.54%. The ex-dividend date was Tuesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Analysts Set New Price Targets

ADI has been the subject of several research analyst reports. Robert W. Baird upped their price objective on shares of Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Jefferies Financial Group assumed coverage on Analog Devices in a research note on Monday, May 13th. They set a “buy” rating and a $250.00 price target on the stock. Oppenheimer boosted their price objective on Analog Devices from $215.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. increased their price objective on Analog Devices from $220.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research report on Thursday, May 23rd. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.23.

Check Out Our Latest Analysis on ADI

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,570,541.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at $11,570,541.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory M. Bryant sold 17,612 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the completion of the sale, the executive vice president now owns 69,241 shares in the company, valued at $16,198,239.54. The disclosure for this sale can be found here. Insiders sold 46,642 shares of company stock valued at $10,481,343 in the last 90 days. 0.31% of the stock is currently owned by insiders.

Analog Devices 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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