Quad Capital Management Advisors LLC Takes $267,000 Position in Analog Devices, Inc. (NASDAQ:ADI)

Quad Capital Management Advisors LLC bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,000 shares of the semiconductor company’s stock, valued at approximately $267,000.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Analog Devices by 13.0% during the 4th quarter. LPL Financial LLC now owns 28,209 shares of the semiconductor company’s stock worth $2,512,000 after purchasing an additional 3,243 shares during the last quarter. Covington Capital Management lifted its position in Analog Devices by 11.8% in the fourth quarter. Covington Capital Management now owns 39,281 shares of the semiconductor company’s stock valued at $3,497,000 after acquiring an additional 4,135 shares during the last quarter. Crestline Management LP purchased a new stake in shares of Analog Devices in the fourth quarter valued at about $1,870,000. Millennium Management LLC purchased a new stake in shares of Analog Devices in the fourth quarter valued at about $3,908,000. Finally, Flinton Capital Management LLC raised its holdings in shares of Analog Devices by 30.2% in the fourth quarter. Flinton Capital Management LLC now owns 14,518 shares of the semiconductor company’s stock valued at $1,292,000 after buying an additional 3,366 shares during the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Analog Devices from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. BidaskClub lowered shares of Analog Devices from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Piper Jaffray started coverage on shares of Analog Devices in a report on Monday, December 18th. They issued a “neutral” rating and a $92.00 price target on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Thursday, January 4th. Finally, Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a research note on Tuesday, February 20th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $100.79.

Shares of Analog Devices stock traded down $2.63 during trading hours on Friday, reaching $88.31. The company’s stock had a trading volume of 2,294,318 shares, compared to its average volume of 2,549,651. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.31 and a current ratio of 1.76. Analog Devices, Inc. has a one year low of $74.65 and a one year high of $98.38. The company has a market cap of $33,629.94, a P/E ratio of 18.71, a PEG ratio of 1.35 and a beta of 1.22.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.13. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The company’s revenue for the quarter was up 54.4% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS. sell-side analysts predict that Analog Devices, Inc. will post 5.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th were paid a dividend of $0.48 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, March 8th. This represents a $1.92 annualized dividend and a yield of 2.17%. Analog Devices’s dividend payout ratio (DPR) is presently 40.68%.

In other news, CAO Eileen Wynne sold 5,209 shares of Analog Devices stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $94.86, for a total value of $494,125.74. Following the transaction, the chief accounting officer now owns 3,895 shares of the company’s stock, valued at approximately $369,479.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $88.50, for a total transaction of $619,500.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at approximately $1,805,754. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,164 shares of company stock worth $5,363,713. 1.10% of the stock is owned by corporate insiders.

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About Analog Devices

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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