1,256 Shares in Analog Devices, Inc. (NASDAQ:ADI) Acquired by Apella Capital LLC

Apella Capital LLC acquired a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,256 shares of the semiconductor company's stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Analog Devices by 6.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 50,461 shares of the semiconductor company's stock worth $10,176,000 after buying an additional 2,883 shares during the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of Analog Devices by 102.0% in the first quarter. Whipplewood Advisors LLC now owns 618 shares of the semiconductor company's stock worth $125,000 after buying an additional 312 shares during the last quarter. Bourgeon Capital Management LLC boosted its holdings in shares of Analog Devices by 17.9% in the first quarter. Bourgeon Capital Management LLC now owns 11,859 shares of the semiconductor company's stock worth $2,392,000 after buying an additional 1,800 shares during the last quarter. RFG Advisory LLC boosted its holdings in shares of Analog Devices by 3.8% in the first quarter. RFG Advisory LLC now owns 2,151 shares of the semiconductor company's stock worth $434,000 after buying an additional 79 shares during the last quarter. Finally, Fulton Bank N.A. boosted its holdings in shares of Analog Devices by 4.9% in the first quarter. Fulton Bank N.A. now owns 2,094 shares of the semiconductor company's stock worth $422,000 after buying an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Trading Down 0.2%

Analog Devices stock opened at $218.04 on Friday. The firm's 50 day moving average price is $199.12 and its 200-day moving average price is $210.24. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10. The stock has a market cap of $108.20 billion, a P/E ratio of 69.44, a PEG ratio of 2.85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.15. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the business posted $1.40 earnings per share. Analog Devices's quarterly revenue was up 22.3% on a year-over-year basis. On average, equities analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices declared that its board has authorized a share buyback plan on Tuesday, February 18th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 9.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, June 4th. Analog Devices's dividend payout ratio is presently 107.90%.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the transaction, the chief executive officer now owns 64,918 shares in the company, valued at $13,575,652.16. The trade was a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the transaction, the director now owns 186,321 shares in the company, valued at $33,576,907.41. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,934 shares of company stock worth $8,735,156. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. UBS Group lowered their price target on shares of Analog Devices from $295.00 to $285.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. KGI Securities assumed coverage on shares of Analog Devices in a report on Friday, May 23rd. They set a "buy" rating on the stock. Cowen reaffirmed a "buy" rating on shares of Analog Devices in a report on Friday, May 23rd. Lake Street Capital assumed coverage on shares of Analog Devices in a report on Friday, February 14th. They set a "buy" rating on the stock. Finally, Williams Trading set a $260.00 price target on shares of Analog Devices in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Analog Devices presently has an average rating of "Moderate Buy" and an average price target of $248.63.

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.

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