J.W. Cole Advisors Inc. Takes Position in Analog Devices, Inc. (NASDAQ:ADI)

J.W. Cole Advisors Inc. acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,020 shares of the semiconductor company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ADI. Pinnacle Bancorp Inc. grew its stake in Analog Devices by 101.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in Analog Devices during the third quarter valued at $29,000. CGC Financial Services LLC purchased a new position in Analog Devices during the fourth quarter valued at $37,000. Fortitude Family Office LLC purchased a new position in Analog Devices during the fourth quarter valued at $44,000. Finally, Arlington Trust Co LLC purchased a new position in Analog Devices during the fourth quarter valued at $45,000. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Trading Up 0.7 %

Shares of ADI opened at $197.94 on Friday. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $204.20. The company has a 50-day moving average of $193.18 and a 200 day moving average of $187.08. The firm has a market capitalization of $98.16 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 4.76 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share 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 quarter last year, the business posted $2.75 EPS. The firm’s revenue for the quarter was down 22.7% on a year-over-year basis. On average, research analysts expect that Analog Devices, Inc. will post 5.86 EPS for the current year.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a $0.92 dividend. The ex-dividend date was Monday, March 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.86%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s payout ratio is currently 65.83%.

Insider Activity

In other news, EVP Vivek Jain sold 3,479 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 5,745 shares in the company, valued at approximately $1,134,982.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Vivek Jain sold 3,479 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 5,745 shares in the company, valued at approximately $1,134,982.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,707 shares of company stock worth $4,825,113. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ADI has been the subject of several research analyst reports. The Goldman Sachs Group raised their target price on shares of Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. KeyCorp lifted their price objective on shares of Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Evercore ISI began coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 price objective for the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $205.00 price objective on shares of Analog Devices in a research note on Monday, March 4th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $212.00 price objective on shares of Analog Devices in a research note on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $208.17.

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.