OLD Mission Capital LLC Purchases New Holdings in Analog Devices, Inc. (ADI)

OLD Mission Capital LLC bought a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,251 shares of the semiconductor company’s stock, valued at approximately $735,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sit Investment Associates Inc. raised its holdings in shares of Analog Devices by 381.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 1,010 shares during the last quarter. Icon Wealth Partners LLC purchased a new stake in Analog Devices during the fourth quarter valued at approximately $121,000. Fieldpoint Private Securities LLC increased its holdings in Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 705 shares during the last quarter. Clear Perspective Advisors LLC increased its holdings in Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 1,476 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new stake in Analog Devices during the fourth quarter valued at approximately $130,000. Hedge funds and other institutional investors own 88.55% of the company’s stock.

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Shares of Analog Devices stock traded down $2.63 during trading on Friday, hitting $88.31. The stock had a trading volume of 2,294,318 shares, compared to its average volume of 2,549,651. The firm has a market capitalization of $33,629.94, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.71. Analog Devices, Inc. has a 12 month low of $74.65 and a 12 month high of $98.38.

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

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

ADI has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of Analog Devices from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research note on Tuesday, February 20th. BidaskClub cut shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Piper Jaffray raised shares of Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 price objective for the company in a research note on Tuesday, February 13th. Finally, Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Monday, March 5th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Analog Devices has a consensus rating of “Buy” and a consensus target price of $100.79.

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $90.47, for a total value of $904,700.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Margaret K. Seif sold 7,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $88.50, for a total transaction of $619,500.00. Following 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. Insiders sold a total of 59,164 shares of company stock worth $5,363,713 in the last ninety days. 1.10% of the stock is currently owned by insiders.

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Analog Devices Company Profile

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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