Lido Advisors LLC Increases Holdings in Analog Devices, Inc. $ADI

Lido Advisors LLC lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 20.0% during the second quarter, HoldingsChannel reports. The firm owned 146,009 shares of the semiconductor company’s stock after purchasing an additional 24,349 shares during the quarter. Lido Advisors LLC’s holdings in Analog Devices were worth $34,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Solstein Capital LLC boosted its stake in Analog Devices by 2.0% in the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock valued at $549,000 after acquiring an additional 46 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Analog Devices by 7.7% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,001,839 shares of the semiconductor company’s stock worth $238,458,000 after purchasing an additional 71,735 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Analog Devices by 13.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 203,286 shares of the semiconductor company’s stock worth $48,386,000 after purchasing an additional 24,425 shares during the period. Bank of Montreal Can lifted its stake in Analog Devices by 88.2% in the second quarter. Bank of Montreal Can now owns 1,040,536 shares of the semiconductor company’s stock valued at $247,668,000 after purchasing an additional 487,535 shares during the last quarter. Finally, Savvy Advisors Inc. bought a new position in Analog Devices during the second quarter valued at $279,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on ADI shares. Wells Fargo & Company boosted their target price on Analog Devices from $250.00 to $265.00 and gave the company an “equal weight” rating in a research note on Tuesday. Cfra restated a “buy” rating and issued a $280.00 price objective on shares of Analog Devices in a research note on Tuesday. Zacks Research downgraded shares of Analog Devices from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. BNP Paribas Exane began coverage on shares of Analog Devices in a research report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 target price for the company. Finally, Stifel Nicolaus set a $280.00 price target on shares of Analog Devices in a research report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $281.87.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $234.95, for a total value of $2,349,500.00. Following the completion of the transaction, the chief executive officer directly owned 163,640 shares in the company, valued at approximately $38,447,218. The trade was a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Martin Cotter sold 12,500 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the transaction, the senior vice president owned 63,048 shares in the company, valued at $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 39,750 shares of company stock worth $9,598,496 over the last three months. Company insiders own 0.33% of the company’s stock.

Analog Devices Stock Up 2.9%

Shares of NASDAQ:ADI opened at $265.52 on Friday. The firm has a fifty day moving average price of $239.64 and a two-hundred day moving average price of $236.28. The company has a market cap of $130.62 billion, a price-to-earnings ratio of 67.73, a PEG ratio of 1.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $265.75.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm’s revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 earnings per share. Analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Monday, December 8th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Analog Devices Company 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.