Toroso Investments LLC Buys 903 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Toroso Investments LLC grew its stake in Analog Devices, Inc. (NASDAQ:ADI – Get Rating) by 6.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,705 shares of the semiconductor company’s stock after purchasing an additional 903 shares during the quarter. Toroso Investments LLC’s holdings in Analog Devices were worth $2,049,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ADI. Price T Rowe Associates Inc. MD boosted its holdings in Analog Devices by 370.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,943,607 shares of the semiconductor company’s stock worth $722,212,000 after acquiring an additional 3,893,057 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Analog Devices by 5.2% during the third quarter. BlackRock Inc. now owns 42,266,420 shares of the semiconductor company’s stock valued at $5,889,403,000 after purchasing an additional 2,076,636 shares in the last quarter. Allen Investment Management LLC lifted its holdings in shares of Analog Devices by 99.2% during the third quarter. Allen Investment Management LLC now owns 1,703,355 shares of the semiconductor company’s stock valued at $237,345,000 after purchasing an additional 848,152 shares in the last quarter. Barclays PLC lifted its holdings in shares of Analog Devices by 126.2% during the third quarter. Barclays PLC now owns 1,252,028 shares of the semiconductor company’s stock valued at $174,455,000 after purchasing an additional 698,563 shares in the last quarter. Finally, Capital International Investors lifted its holdings in shares of Analog Devices by 17.5% during the first quarter. Capital International Investors now owns 2,863,634 shares of the semiconductor company’s stock valued at $473,015,000 after purchasing an additional 426,281 shares in the last quarter. 85.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ADI shares. Citigroup upped their price target on Analog Devices from $195.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 17th. Cowen upped their price target on Analog Devices from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. Credit Suisse Group increased their target price on Analog Devices from $185.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 16th. Evercore ISI increased their target price on Analog Devices from $185.00 to $195.00 in a report on Wednesday, November 23rd. Finally, Sanford C. Bernstein increased their target price on Analog Devices from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and an average price target of $213.68.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director James Champy sold 1,495 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $185.44, for a total transaction of $277,232.80. Following the completion of the transaction, the director now owns 6,371 shares in the company, valued at approximately $1,181,438.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Analog Devices news, Director James Champy sold 1,495 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $185.44, for a total transaction of $277,232.80. Following the completion of the transaction, the director now owns 6,371 shares in the company, valued at approximately $1,181,438.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tunc Doluca sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $194.34, for a total value of $1,166,040.00. Following the transaction, the director now owns 61,157 shares of the company’s stock, valued at approximately $11,885,251.38. The disclosure for this sale can be found here. Insiders sold 14,195 shares of company stock worth $2,697,723 in the last quarter. 0.46% of the stock is owned by corporate insiders.

Analog Devices Stock Performance

NASDAQ:ADI opened at $186.63 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 0.18. Analog Devices, Inc. has a 12-month low of $133.48 and a 12-month high of $196.41. The stock has a 50-day moving average price of $178.30 and a 200 day moving average price of $162.79. The stock has a market capitalization of $94.41 billion, a P/E ratio of 28.15, a P/E/G ratio of 1.41 and a beta of 1.14.

Analog Devices (NASDAQ:ADI – Get Rating) last released its earnings results on Wednesday, February 15th. The semiconductor company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.15. Analog Devices had a return on equity of 14.69% and a net margin of 27.27%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the business posted $1.94 earnings per share. The firm’s revenue was up 21.1% on a year-over-year basis. Equities research analysts forecast that Analog Devices, Inc. will post 10.6 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 8th. Shareholders of record on Monday, February 27th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Friday, February 24th. This is a boost from Analog Devices’s previous quarterly dividend of $0.76. Analog Devices’s dividend payout ratio (DPR) is currently 51.89%.

About Analog Devices

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Analog Devices, Inc is a global high-performance semiconductor company, which engages in the design, development, manufacture, and marketing of integrated circuits (ICs). It produces a range of innovative products, including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro electromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors.