Choreo LLC Boosts Position in Analog Devices, Inc. (NASDAQ:ADI)

Choreo LLC lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 154.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,923 shares of the semiconductor company’s stock after purchasing an additional 2,987 shares during the period. Choreo LLC’s holdings in Analog Devices were worth $978,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vicus Capital bought a new position in Analog Devices in the 3rd quarter worth approximately $217,000. Mission Wealth Management LP increased its position in shares of Analog Devices by 16.2% during the third quarter. Mission Wealth Management LP now owns 3,553 shares of the semiconductor company’s stock worth $622,000 after acquiring an additional 496 shares during the period. Dakota Wealth Management raised its position in Analog Devices by 0.7% during the 3rd quarter. Dakota Wealth Management now owns 10,936 shares of the semiconductor company’s stock valued at $1,915,000 after purchasing an additional 80 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of Analog Devices by 77.5% in the third quarter. FinTrust Capital Advisors LLC now owns 474 shares of the semiconductor company’s stock valued at $83,000 after acquiring an additional 207 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Analog Devices by 0.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 349,631 shares of the semiconductor company’s stock valued at $61,217,000 after purchasing an additional 2,251 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In related news, Director James Champy sold 1,228 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $1,259,164.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James Champy sold 1,228 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the sale, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $197.40, for a total value of $1,974,000.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $10,075,098.60. The disclosure for this sale can be found here. Insiders have sold a total of 14,707 shares of company stock valued at $2,904,013 in the last ninety days. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the subject of several recent research reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $205.00 price target on shares of Analog Devices in a research report on Monday, March 4th. Evercore ISI initiated coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and issued a $212.00 target price on shares of Analog Devices in a research report on Thursday, April 11th. Barclays increased their price target on Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Finally, Sanford C. Bernstein cut shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective on the stock. in a research note on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $208.17.

Analog Devices Stock Down 3.3 %

NASDAQ ADI opened at $193.89 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. The firm has a market cap of $96.15 billion, a PE ratio of 34.69, a P/E/G ratio of 5.12 and a beta of 1.17. The business’s fifty day simple moving average is $193.99 and its 200-day simple moving average is $187.91. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $204.20.

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

Analog Devices Increases Dividend

The company also recently announced 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 represents a $3.68 dividend on an annualized basis and a yield of 1.90%. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s dividend payout ratio (DPR) is 65.83%.

Analog Devices 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.