World Investment Advisors Raises Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

World Investment Advisors increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,240 shares of the semiconductor company's stock after buying an additional 2,904 shares during the quarter. World Investment Advisors' holdings in Analog Devices were worth $10,132,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Wayfinding Financial LLC bought a new stake in shares of Analog Devices during the 1st quarter worth approximately $51,000. Olde Wealth Management LLC bought a new stake in shares of Analog Devices during the first quarter worth approximately $45,000. Catalyst Capital Advisors LLC boosted its stake in Analog Devices by 92.0% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,434 shares of the semiconductor company's stock valued at $289,000 after purchasing an additional 687 shares during the period. Huntleigh Advisors Inc. grew its stake in shares of Analog Devices by 2.2% in the first quarter. Huntleigh Advisors Inc. now owns 18,887 shares of the semiconductor company's stock valued at $3,809,000 after acquiring an additional 399 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its position in shares of Analog Devices by 9.4% during the 1st quarter. IFM Investors Pty Ltd now owns 101,957 shares of the semiconductor company's stock worth $20,562,000 after purchasing an additional 8,730 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

NASDAQ ADI traded up $0.93 on Friday, reaching $246.08. 1,837,392 shares of the stock were exchanged, compared to its average volume of 3,599,370. The company's 50-day simple moving average is $221.10 and its two-hundred day simple moving average is $212.68. The firm has a market capitalization of $122.12 billion, a PE ratio of 67.05, a PEG ratio of 2.27 and a beta of 1.02. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.10. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19.

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

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Wednesday, June 4th. Analog Devices's payout ratio is presently 107.90%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Raymond James Financial raised shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, June 18th. Benchmark reissued a "buy" rating and set a $260.00 price objective (down previously from $275.00) on shares of Analog Devices in a report on Friday, May 23rd. Williams Trading set a $260.00 price objective on shares of Analog Devices in a report on Friday, May 23rd. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Seaport Res Ptn upgraded Analog Devices to a "strong sell" rating in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and an average price target of $251.75.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the sale, the director directly owned 180,071 shares in the company, valued at $35,265,104.64. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer owned 142,996 shares in the company, valued at approximately $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,250 shares of company stock valued at $3,143,556 in the last ninety days. Insiders own 0.33% of the company's stock.

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.