Accelerate Investment Advisors LLC Buys New Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Accelerate Investment Advisors LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,155 shares of the semiconductor company's stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ADI. Broderick Brian C increased its position in shares of Analog Devices by 2.6% in the 4th quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock valued at $16,831,000 after purchasing an additional 2,017 shares during the last quarter. Freestone Grove Partners LP acquired a new position in shares of Analog Devices during the fourth quarter worth $10,212,000. Two Sigma Investments LP purchased a new position in Analog Devices in the fourth quarter valued at $906,000. Dynamic Advisor Solutions LLC raised its stake in Analog Devices by 4.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 6,072 shares of the semiconductor company's stock valued at $1,224,000 after buying an additional 251 shares in the last quarter. Finally, AXA S.A. lifted its holdings in Analog Devices by 32.1% during the 4th quarter. AXA S.A. now owns 93,608 shares of the semiconductor company's stock worth $19,888,000 after buying an additional 22,726 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Up 1.0%

Shares of NASDAQ ADI traded up $2.21 during trading on Thursday, reaching $229.65. 2,551,500 shares of the stock were exchanged, compared to its average volume of 3,577,689. The business's 50-day moving average price is $207.54 and its 200 day moving average price is $211.05. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $113.96 billion, a price-to-earnings ratio of 62.58, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $247.10.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its 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 18.65% and a return on equity of 9.56%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm earned $1.40 EPS. The company's revenue was up 22.3% on a year-over-year basis. As a group, equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.72%. Analog Devices's payout ratio is currently 107.90%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Noble Financial raised Analog Devices to an "outperform" rating in a research report on Wednesday. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Stifel Nicolaus boosted their price objective on shares of Analog Devices from $225.00 to $248.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. KGI Securities began coverage on shares of Analog Devices in a research note on Friday, May 23rd. They set a "buy" rating on the stock. Finally, Citigroup lifted their price objective on shares of Analog Devices from $235.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and a consensus target price of $251.75.

Insider Activity at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of Analog Devices 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 transaction, the director now directly owns 180,071 shares of the company's stock, valued at $35,265,104.64. This trade represents a 1.71% 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, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the completion of the sale, the chief executive officer now owns 142,996 shares of the company's stock, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,934 shares of company stock worth $5,807,196 in the last three months. 0.33% of the stock is owned by company insiders.

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.