Bogart Wealth LLC Boosts Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Bogart Wealth LLC lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,660 shares of the semiconductor company’s stock after buying an additional 380 shares during the period. Bogart Wealth LLC’s holdings in Analog Devices were worth $5,578,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ADI. Norges Bank purchased a new position in shares of Analog Devices in the 4th quarter valued at $1,755,958,000. GAMMA Investing LLC grew its position in Analog Devices by 25,460.1% during the 1st quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company’s stock worth $446,037,000 after purchasing an additional 2,203,062 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Analog Devices by 301.1% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company’s stock worth $335,933,000 after purchasing an additional 1,186,981 shares during the last quarter. Deutsche Bank AG grew its position in Analog Devices by 71.0% during the 4th quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company’s stock worth $458,683,000 after purchasing an additional 896,694 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Analog Devices by 25.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company’s stock worth $708,260,000 after purchasing an additional 668,023 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Down 0.2%

Shares of NASDAQ ADI opened at $244.68 on Monday. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.73. The firm has a 50-day moving average price of $226.02 and a 200 day moving average price of $213.72. The stock has a market capitalization of $121.42 billion, a price-to-earnings ratio of 66.67, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.70 by $0.15. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the business earned $1.40 earnings per share. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. Equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Wednesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is 107.90%.

Analyst Upgrades and Downgrades

ADI has been the topic of several research reports. Barclays raised their price objective on shares of Analog Devices from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Friday, May 23rd. Stifel Nicolaus raised their price objective on shares of Analog Devices from $225.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Cantor Fitzgerald raised shares of Analog Devices from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $250.00 to $270.00 in a research report on Wednesday, June 18th. The Goldman Sachs Group initiated coverage on shares of Analog Devices in a research report on Thursday. They set a “buy” rating and a $285.00 price objective on the stock. Finally, Evercore ISI raised their price objective on shares of Analog Devices from $231.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $257.67.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $196.84, for a total value of $1,968,400.00. Following the completion of the sale, the chief executive officer owned 142,996 shares in the company, valued at $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the sale, the director owned 180,071 shares of the company’s stock, valued at $35,265,104.64. This trade represents a 1.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,250 shares of company stock valued at $3,143,556 in the last quarter. Company insiders own 0.33% of the company’s stock.

About Analog Devices

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.