Highview Capital Management LLC DE Takes Position in Analog Devices, Inc. (NASDAQ:ADI)

Highview Capital Management LLC DE bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,244 shares of the semiconductor company's stock, valued at approximately $856,000.

A number of other institutional investors also recently modified their holdings of ADI. Orion Capital Management LLC purchased a new stake in Analog Devices in the 4th quarter valued at $27,000. Menard Financial Group LLC purchased a new stake in Analog Devices in the 4th quarter valued at $27,000. Alpine Bank Wealth Management purchased a new stake in Analog Devices in the 1st quarter valued at $27,000. Hopwood Financial Services Inc. purchased a new stake in Analog Devices in the 4th quarter valued at $30,000. Finally, Cassady Schiller Wealth Management LLC raised its position in Analog Devices by 63.2% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after buying an additional 55 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Price Performance

Shares of ADI traded up $3.34 during trading hours on Tuesday, reaching $245.15. 3,964,064 shares of the company's stock traded hands, compared to its average volume of 3,597,573. The stock has a market cap of $121.66 billion, a PE ratio of 66.80, a price-to-earnings-growth ratio of 2.27 and a beta of 1.02. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19. The firm's 50 day simple moving average is $222.07 and its 200-day simple moving average is $212.96. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $248.01.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.15. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The company's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the company posted $1.40 EPS. Equities analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a $0.99 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.62%. Analog Devices's payout ratio is 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 that occurred on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total value of $1,968,400.00. Following the completion of the sale, the chief executive officer owned 142,996 shares in the company, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the sale, the director owned 180,071 shares of the company's stock, valued at $35,265,104.64. The trade was a 1.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,250 shares of company stock valued at $3,143,556 in the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Cfra Research cut Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 22nd. Stifel Nicolaus lifted their target price on Analog Devices from $225.00 to $248.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. KeyCorp lifted their target price on Analog Devices from $285.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday. Cantor Fitzgerald upgraded Analog Devices from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $250.00 to $270.00 in a research note on Wednesday, June 18th. Finally, Cowen reiterated a "buy" rating on shares of Analog Devices in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $256.06.

Analog Devices 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.