Choreo LLC Has $978,000 Position in Analog Devices, Inc. (NASDAQ:ADI)

Choreo LLC grew its position in Analog Devices, Inc. (NASDAQ:ADI) by 154.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,923 shares of the semiconductor company’s stock after acquiring an additional 2,987 shares during the period. Choreo LLC’s holdings in Analog Devices were worth $978,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its stake in Analog Devices by 22.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,868,437 shares of the semiconductor company’s stock valued at $2,428,225,000 after acquiring an additional 2,497,696 shares during the period. Nordea Investment Management AB raised its position in shares of Analog Devices by 639.7% in the third quarter. Nordea Investment Management AB now owns 1,718,502 shares of the semiconductor company’s stock valued at $303,591,000 after purchasing an additional 1,486,180 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Analog Devices by 20,527.8% during the 4th quarter. International Assets Investment Management LLC now owns 935,266 shares of the semiconductor company’s stock worth $1,857,060,000 after buying an additional 930,732 shares during the last quarter. Alecta Tjanstepension Omsesidigt boosted its holdings in shares of Analog Devices by 193.8% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 1,175,000 shares of the semiconductor company’s stock worth $233,308,000 after buying an additional 775,000 shares during the period. Finally, Invesco Ltd. grew its stake in Analog Devices by 7.5% in the 3rd quarter. Invesco Ltd. now owns 10,003,284 shares of the semiconductor company’s stock valued at $1,751,475,000 after buying an additional 701,367 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Analog Devices

In other news, Director James Champy sold 1,228 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at approximately $10,075,098.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James Champy sold 1,228 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,707 shares of company stock valued at $2,904,013. 0.31% of the stock is currently owned by company insiders.

Analog Devices Stock Performance

NASDAQ:ADI opened at $193.89 on Thursday. 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, Inc. has a 1-year low of $154.99 and a 1-year high of $204.20. The stock’s 50-day moving average is $193.99 and its 200-day moving average is $187.91. The stock has a market cap of $96.15 billion, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 5.12 and a beta of 1.17.

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

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were issued a $0.92 dividend. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Monday, March 4th. Analog Devices’s payout ratio is presently 65.83%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ADI shares. Morgan Stanley restated an “overweight” rating and set a $212.00 price objective on shares of Analog Devices in a research report on Thursday, April 11th. Oppenheimer reissued an “outperform” rating and set a $215.00 target price on shares of Analog Devices in a report on Thursday, February 22nd. Evercore ISI assumed coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price objective on the stock. KeyCorp raised their target price on shares of Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, Barclays upped their price target on shares of Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $208.17.

Analog Devices Company Profile

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.