Woodstock Corp Has $4.83 Million Stake in Analog Devices, Inc. (NASDAQ:ADI)

Woodstock Corp boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 4.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 23,951 shares of the semiconductor company’s stock after acquiring an additional 999 shares during the period. Woodstock Corp’s holdings in Analog Devices were worth $4,830,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ADI. Orion Capital Management LLC acquired a new stake in Analog Devices in the 4th quarter worth about $27,000. Menard Financial Group LLC acquired a new stake in Analog Devices in the 4th quarter worth about $27,000. Mainstream Capital Management LLC acquired a new stake in Analog Devices in the 4th quarter worth about $30,000. Hopwood Financial Services Inc. acquired a new stake in Analog Devices in the 4th quarter worth about $30,000. Finally, Cassady Schiller Wealth Management LLC raised its stake in Analog Devices by 63.2% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the sale, the director now directly owns 186,321 shares of the company’s stock, valued at $33,576,907.41. The trade was a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Richard C. Puccio, Jr. sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $209.19, for a total transaction of $836,760.00. Following the sale, the chief financial officer now directly owns 49,916 shares in the company, valued at $10,441,928.04. The trade was a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,934 shares of company stock valued at $8,735,156. 0.33% of the stock is owned by insiders.

Analog Devices Trading Down 1.3%

Shares of Analog Devices stock opened at $212.99 on Friday. The firm has a market capitalization of $105.70 billion, a PE ratio of 67.83, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $198.17 and its 200 day moving average is $210.01. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.15. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The firm’s revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices announced that its board has authorized a share buyback program on Tuesday, February 18th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 9.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is presently 107.90%.

Analyst Ratings Changes

Several analysts have weighed in on ADI shares. TD Cowen lifted their price objective on shares of Analog Devices from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. Benchmark reiterated a “buy” rating and issued a $260.00 price objective (down previously from $275.00) on shares of Analog Devices in a research note on Friday, May 23rd. Barclays boosted their target price on shares of Analog Devices from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Oppenheimer boosted their target price on shares of Analog Devices from $225.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, Morgan Stanley dropped their target price on shares of Analog Devices from $214.00 to $212.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and an average target price of $248.63.

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.