Gladstone Institutional Advisory LLC Boosts Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Gladstone Institutional Advisory LLC grew its stake in Analog Devices, Inc. (NASDAQ:ADI) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,564 shares of the semiconductor company’s stock after buying an additional 228 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Analog Devices were worth $311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Analog Devices by 4.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,438 shares of the semiconductor company’s stock valued at $98,531,000 after buying an additional 21,522 shares during the period. CTC Alternative Strategies Ltd. acquired a new position in shares of Analog Devices in the 4th quarter valued at about $1,152,000. Sequoia Financial Advisors LLC raised its holdings in Analog Devices by 107.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,667 shares of the semiconductor company’s stock worth $2,515,000 after purchasing an additional 6,564 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in Analog Devices by 37.5% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 8,118 shares of the semiconductor company’s stock worth $1,612,000 after purchasing an additional 2,215 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in Analog Devices by 4.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 100,451 shares of the semiconductor company’s stock worth $19,946,000 after purchasing an additional 4,516 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. TD Cowen upped their price target on Analog Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday. Cantor Fitzgerald upped their price target on Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Susquehanna upped their price target on Analog Devices from $230.00 to $280.00 and gave the stock a “positive” rating in a report on Thursday. Oppenheimer upped their price target on Analog Devices from $215.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Finally, Barclays increased their target price on Analog Devices from $185.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $237.75.

Insider Activity at Analog Devices

In other Analog Devices 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Analog Devices 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total value of $1,970,600.00. Following the sale, the chief executive officer now owns 51,039 shares in the company, valued at approximately $10,057,745.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,707 shares of company stock worth $4,874,613. Company insiders own 0.31% of the company’s stock.

Analog Devices Price Performance

ADI stock opened at $234.56 on Friday. The business has a fifty day moving average of $199.92 and a two-hundred day moving average of $193.03. The company has a quick ratio of 0.98, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. The stock has a market cap of $116.39 billion, a price-to-earnings ratio of 54.80, a price-to-earnings-growth ratio of 6.03 and a beta of 1.14. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $241.88.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.14. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The firm’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.83 earnings per share. As a group, research analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, June 4th will be issued a $0.92 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.57%. Analog Devices’s dividend payout ratio (DPR) is presently 85.98%.

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.