Forte Capital LLC ADV Buys Shares of 1,511 Analog Devices, Inc. (NASDAQ:ADI)

Forte Capital LLC ADV purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,511 shares of the semiconductor company’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vestmark Advisory Solutions Inc. lifted its stake in Analog Devices by 5.6% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 3,173 shares of the semiconductor company’s stock valued at $630,000 after buying an additional 167 shares in the last quarter. Royal Fund Management LLC lifted its position in shares of Analog Devices by 5.4% in the fourth quarter. Royal Fund Management LLC now owns 6,822 shares of the semiconductor company’s stock valued at $1,357,000 after acquiring an additional 348 shares in the last quarter. AJOVista LLC acquired a new stake in shares of Analog Devices during the fourth quarter valued at $132,000. Ifrah Financial Services Inc. purchased a new stake in Analog Devices during the 4th quarter worth about $201,000. Finally, Legacy Financial Advisors Inc. increased its position in Analog Devices by 7.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 3,337 shares of the semiconductor company’s stock worth $663,000 after purchasing an additional 241 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Analog Devices

In other news, Director James Champy sold 1,228 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now directly owns 6,371 shares of the company’s stock, valued at $1,259,164.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the sale, the director now directly owns 6,371 shares of the company’s stock, valued at $1,259,164.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $197.40, for a total value of $1,974,000.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $10,075,098.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,707 shares of company stock worth $4,874,613. 0.31% of the stock is currently owned by company insiders.

Analog Devices Trading Up 1.6 %

ADI traded up $3.14 during trading on Friday, hitting $199.63. 2,372,862 shares of the company’s stock were exchanged, compared to its average volume of 3,339,473. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $204.20. The stock has a 50 day moving average price of $194.27 and a 200 day moving average price of $188.15. The firm has a market cap of $99.00 billion, a P/E ratio of 35.71, a price-to-earnings-growth ratio of 4.93 and a beta of 1.14. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the company earned $2.75 EPS. The firm’s revenue was down 22.7% on a year-over-year basis. As a group, analysts expect that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a $0.92 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.84%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s dividend payout ratio (DPR) is 65.83%.

Analyst Ratings Changes

ADI has been the topic of several analyst reports. Evercore ISI began coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price target on the stock. The Goldman Sachs Group raised their target price on shares of Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $205.00 price target on shares of Analog Devices in a report on Monday, March 4th. Truist Financial decreased their price objective on Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Finally, Wolfe Research raised Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price objective for the company in a research report on Thursday, January 18th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and a consensus price target of $208.17.

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.