Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Absher Wealth Management LLC

Absher Wealth Management LLC lifted its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,233 shares of the semiconductor company's stock after acquiring an additional 10,727 shares during the period. Analog Devices accounts for approximately 4.1% of Absher Wealth Management LLC's investment portfolio, making the stock its 8th biggest holding. Absher Wealth Management LLC's holdings in Analog Devices were worth $31,104,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in Analog Devices in the fourth quarter valued at $27,000. Menard Financial Group LLC purchased a new stake in Analog Devices in the fourth quarter valued at $27,000. Mainstream Capital Management LLC purchased a new stake in Analog Devices in the fourth quarter valued at $30,000. Hopwood Financial Services Inc. purchased a new stake in Analog Devices in the fourth quarter valued at $30,000. Finally, Cassady Schiller Wealth Management LLC boosted its holdings in Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADI has been the topic of several recent analyst reports. Williams Trading set a $260.00 target price on shares of Analog Devices in a research note on Friday, May 23rd. Citigroup increased their target price on shares of Analog Devices from $235.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Morgan Stanley lowered their target price on shares of Analog Devices from $214.00 to $212.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Wells Fargo & Company set a $235.00 target price on shares of Analog Devices and gave the stock an "equal weight" rating in a research note on Monday, June 16th. Finally, Cowen reissued a "buy" rating on shares of Analog Devices in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Analog Devices has an average rating of "Moderate Buy" and a consensus target price of $251.75.

Analog Devices Price Performance

Shares of ADI traded down $1.30 during mid-day trading on Friday, hitting $228.35. 5,316,062 shares of the company were exchanged, compared to its average volume of 3,565,501. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. The company has a 50 day moving average of $209.55 and a 200-day moving average of $211.06. The stock has a market cap of $113.32 billion, a price-to-earnings ratio of 62.22, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00.

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

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.73%. Analog Devices's payout ratio is 107.90%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were 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 now owns 142,996 shares in the company, valued at approximately $28,147,332.64. This represents a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Vivek Jain sold 12,684 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the completion of the sale, the executive vice president now owns 43,175 shares of the company's stock, valued at approximately $9,066,750. The trade was a 22.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,934 shares of company stock worth $5,807,196. 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.