Pathstone Holdings LLC Purchases 1,264 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Pathstone Holdings LLC boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,245 shares of the semiconductor company's stock after buying an additional 1,264 shares during the period. Pathstone Holdings LLC's holdings in Analog Devices were worth $15,563,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mufg Securities Americas Inc. bought a new position in Analog Devices during the fourth quarter worth about $1,557,000. Malaga Cove Capital LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth about $257,000. Man Group plc lifted its holdings in shares of Analog Devices by 8.2% during the 4th quarter. Man Group plc now owns 7,972 shares of the semiconductor company's stock valued at $1,694,000 after purchasing an additional 601 shares in the last quarter. Nia Impact Advisors LLC grew its position in shares of Analog Devices by 1.3% in the 4th quarter. Nia Impact Advisors LLC now owns 13,433 shares of the semiconductor company's stock valued at $2,854,000 after purchasing an additional 168 shares during the period. Finally, Nan Shan Life Insurance Co. Ltd. increased its stake in Analog Devices by 874.2% during the 4th quarter. Nan Shan Life Insurance Co. Ltd. now owns 228,049 shares of the semiconductor company's stock worth $48,451,000 after purchasing an additional 204,640 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Insiders Place Their Bets

In related news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the sale, the director now directly owns 186,321 shares in the company, valued at $33,576,907.41. This represents a 1.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Vivek Jain sold 12,684 shares of Analog Devices stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $210.00, for a total value of $2,663,640.00. Following the completion of the transaction, the executive vice president now owns 43,175 shares in the company, valued at approximately $9,066,750. This represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,934 shares of company stock worth $8,735,156 in the last quarter. Corporate insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

ADI has been the subject of a number of research analyst reports. Maxim Group initiated coverage on shares of Analog Devices in a research note on Friday, February 14th. They issued a "buy" rating for the company. JPMorgan Chase & Co. upped their price objective on Analog Devices from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Citigroup increased their price objective on Analog Devices from $235.00 to $260.00 and gave the stock a "buy" rating in a report on Monday. UBS Group cut their target price on Analog Devices from $300.00 to $295.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Finally, Wells Fargo & Company raised their price target on shares of Analog Devices from $220.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $252.35.

Analog Devices Stock Performance

Shares of Analog Devices stock traded down $0.43 on Tuesday, hitting $224.12. The stock had a trading volume of 814,532 shares, compared to its average volume of 3,509,000. The stock has a market cap of $111.16 billion, a price-to-earnings ratio of 71.42, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $247.10. The business's 50 day moving average is $196.94 and its two-hundred day moving average is $210.32.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.09. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm posted $1.73 EPS. The company's revenue for the quarter was down 3.6% on a year-over-year basis. Analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

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.