Unio Capital LLC Grows Stake in Analog Devices, Inc. (NASDAQ:ADI)

Unio Capital LLC raised its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,367 shares of the semiconductor company’s stock after buying an additional 13,609 shares during the quarter. Analog Devices comprises 4.4% of Unio Capital LLC’s investment portfolio, making the stock its 15th largest position. Unio Capital LLC’s holdings in Analog Devices were worth $12,188,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ADI. Merit Financial Group LLC raised its holdings in Analog Devices by 40.2% in the fourth quarter. Merit Financial Group LLC now owns 5,776 shares of the semiconductor company’s stock worth $1,227,000 after purchasing an additional 1,656 shares in the last quarter. Sanibel Captiva Trust Company Inc. grew its position in shares of Analog Devices by 5.5% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 2,557 shares of the semiconductor company’s stock worth $543,000 after buying an additional 134 shares during the period. HB Wealth Management LLC increased its stake in shares of Analog Devices by 11.4% in the 4th quarter. HB Wealth Management LLC now owns 10,875 shares of the semiconductor company’s stock worth $2,311,000 after acquiring an additional 1,112 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in shares of Analog Devices by 17.7% during the fourth quarter. Aaron Wealth Advisors LLC now owns 3,711 shares of the semiconductor company’s stock valued at $788,000 after purchasing an additional 557 shares during the last quarter. Finally, Clarius Group LLC increased its position in Analog Devices by 10.0% during the 4th quarter. Clarius Group LLC now owns 2,708 shares of the semiconductor company’s stock valued at $575,000 after buying an additional 247 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Benchmark increased their price objective on shares of Analog Devices from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Citigroup upped their target price on shares of Analog Devices from $235.00 to $260.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus lowered their price target on Analog Devices from $275.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Williams Trading set a $245.00 price objective on shares of Analog Devices in a report on Friday, February 14th. Finally, Lake Street Capital started coverage on Analog Devices in a research report on Friday, February 14th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.20.

Analog Devices Price Performance

ADI stock opened at $224.54 on Tuesday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10. The firm has a market capitalization of $111.37 billion, a P/E ratio of 71.51, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. The company has a fifty day simple moving average of $196.94 and a two-hundred day simple moving average of $210.32. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.09. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 EPS. Analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 9.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total value of $1,968,400.00. Following the transaction, the chief executive officer now owns 142,996 shares of the company’s stock, valued at $28,147,332.64. This represents a 6.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total value of $563,156.25. Following the completion of the sale, the director now owns 186,321 shares in the company, valued at approximately $33,576,907.41. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,934 shares of company stock worth $8,735,156 over the last three months. 0.33% of the stock is owned by insiders.

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.