Lido Advisors LLC lifted its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,697 shares of the semiconductor company’s stock after buying an additional 2,420 shares during the period. Lido Advisors LLC’s holdings in Analog Devices were worth $53,034,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Transatlantique SA purchased a new position in shares of Analog Devices during the fourth quarter worth about $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of Analog Devices in the 1st quarter valued at about $30,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Analog Devices in the 4th quarter valued at about $26,000. Gordian Capital Singapore Pte Ltd acquired a new position in Analog Devices during the fourth quarter worth approximately $27,000. Finally, Entrust Financial LLC purchased a new stake in Analog Devices in the fourth quarter valued at approximately $33,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.
Analog Devices Stock Performance
Shares of ADI opened at $386.73 on Thursday. The stock has a market capitalization of $188.37 billion, a P/E ratio of 57.46, a P/E/G ratio of 0.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. Analog Devices, Inc. has a 1 year low of $218.37 and a 1 year high of $445.91. The company’s fifty day moving average is $403.77 and its two-hundred day moving average is $359.82.
Analog Devices Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s payout ratio is currently 65.38%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on ADI shares. TD Cowen increased their price objective on Analog Devices from $450.00 to $460.00 and gave the company a “buy” rating in a report on Monday, July 13th. JPMorgan Chase & Co. upped their price target on shares of Analog Devices from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Jefferies Financial Group increased their price target on shares of Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Stifel Nicolaus lifted their price objective on shares of Analog Devices from $450.00 to $498.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $430.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $441.00.
Check Out Our Latest Stock Report on Analog Devices
Insiders Place Their Bets
In other Analog Devices news, Director Karen Golz sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $389.83, for a total transaction of $389,830.00. Following the transaction, the director owned 11,019 shares in the company, valued at approximately $4,295,536.77. The trade was a 8.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $389.75, for a total value of $3,897,500.00. Following the transaction, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at approximately $53,605,435.50. This trade represents a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 103,858 shares of company stock worth $42,062,730 over the last quarter. 0.36% of the stock is owned by company insiders.
About Analog Devices
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
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