Quad Capital Management Advisors LLC purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,000 shares of the semiconductor company’s stock, valued at approximately $267,000.
Several other hedge funds and other institutional investors also recently modified their holdings of ADI. Sit Investment Associates Inc. lifted its holdings in Analog Devices by 381.1% in the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 1,010 shares during the period. Icon Wealth Partners LLC acquired a new stake in Analog Devices in the fourth quarter valued at $121,000. Fieldpoint Private Securities LLC lifted its holdings in Analog Devices by 91.6% in the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 705 shares during the period. Clear Perspective Advisors LLC lifted its holdings in Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 1,476 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in Analog Devices in the fourth quarter valued at $130,000. 88.54% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on ADI shares. Jefferies Group raised their target price on Analog Devices to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Stifel Nicolaus reduced their target price on Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, November 22nd. B. Riley raised their target price on Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Finally, KeyCorp reissued a “buy” rating and issued a $107.00 target price on shares of Analog Devices in a report on Friday, November 24th. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $100.57.
In related news, SVP Gregory N. Henderson sold 4,000 shares of Analog Devices stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $91.52, for a total transaction of $366,080.00. Following the completion of the sale, the senior vice president now owns 1,163 shares in the company, valued at approximately $106,437.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ray Stata sold 10,000 shares of Analog Devices stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $90.22, for a total value of $902,200.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,218 shares of company stock valued at $5,989,124. 1.10% of the stock is currently owned by company insiders.
Analog Devices, Inc. (NASDAQ:ADI) opened at $93.94 on Friday. Analog Devices, Inc. has a 52-week low of $74.65 and a 52-week high of $98.38. The firm has a market capitalization of $34,794.82, a price-to-earnings ratio of 44.95, a PEG ratio of 1.41 and a beta of 1.25. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.76 and a quick ratio of 1.31.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The firm’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. sell-side analysts forecast that Analog Devices, Inc. will post 5.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 9th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s dividend payout ratio (DPR) is currently 91.87%.
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About Analog Devices
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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