Marble Wealth LLC bought a new stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,826 shares of the semiconductor company’s stock, valued at approximately $495,000.
Several other hedge funds and other institutional investors have also bought and sold shares of ADI. Y.D. More Investments Ltd acquired a new position in shares of Analog Devices during the third quarter valued at about $32,000. LFA Lugano Financial Advisors SA raised its holdings in shares of Analog Devices by 92.9% during the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 65 shares during the period. Albion Financial Group UT raised its holdings in shares of Analog Devices by 41.4% during the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 36 shares during the period. Entrust Financial LLC acquired a new position in shares of Analog Devices during the fourth quarter valued at about $33,000. Finally, Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Analog Devices by 61.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Trading Up 3.4%
NASDAQ:ADI opened at $437.67 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. The firm has a 50-day moving average of $378.66 and a 200-day moving average of $326.65. The company has a market cap of $213.18 billion, a PE ratio of 65.03, a PEG ratio of 1.19 and a beta of 1.18. Analog Devices, Inc. has a one year low of $217.02 and a one year high of $439.70.
Analog Devices Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. Analog Devices’s payout ratio is presently 65.38%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Citigroup upped their price objective on shares of Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Raymond James Financial reiterated an “outperform” rating and set a $430.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. UBS Group upped their price objective on shares of Analog Devices from $400.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Needham & Company LLC upped their price objective on shares of Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Oppenheimer upped their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $432.71.
View Our Latest Research Report on ADI
Insider Activity at Analog Devices
In other news, CEO Vincent Roche sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at $57,096,149.94. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 80,000 shares of company stock worth $31,519,000 over the last ninety days. Insiders own 0.36% of the company’s stock.
Analog Devices Company Profile
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
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