Analog Devices, Inc. (NASDAQ:ADI) Position Increased by Bowman & Co S.C.

Bowman & Co S.C. raised its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 24.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,448 shares of the semiconductor company's stock after purchasing an additional 1,471 shares during the period. Bowman & Co S.C.'s holdings in Analog Devices were worth $1,504,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in shares of Analog Devices in the fourth quarter valued at $27,000. Menard Financial Group LLC purchased a new stake in shares of Analog Devices in the fourth quarter valued at $27,000. Mainstream Capital Management LLC purchased a new stake in shares of Analog Devices in the fourth quarter valued at $30,000. Hopwood Financial Services Inc. purchased a new stake in shares of Analog Devices in the fourth quarter valued at $30,000. Finally, Cassady Schiller Wealth Management LLC lifted its position in shares of 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 acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analyst Ratings Changes

ADI has been the topic of several recent analyst reports. TD Cowen increased their target price on Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Cfra Research lowered Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 22nd. Evercore ISI upped their price target on Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Oppenheimer upped their price target on Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Benchmark restated a "buy" rating and set a $260.00 price target (down from $275.00) on shares of Analog Devices in a research note 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. According to data from MarketBeat.com, Analog Devices has an average rating of "Moderate Buy" and an average price target of $248.63.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total value of $2,091,200.00. Following the sale, the chief executive officer now owns 64,918 shares of the company's stock, valued at approximately $13,575,652.16. This trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total value of $563,156.25. Following the completion of the sale, the director now directly owns 186,321 shares in the company, valued at approximately $33,576,907.41. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,934 shares of company stock worth $8,735,156. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Stock Up 1.4%

NASDAQ ADI traded up $2.98 during mid-day trading on Tuesday, reaching $218.43. 3,515,150 shares of the company's stock traded hands, compared to its average volume of 3,548,371. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. The company has a fifty day simple moving average of $198.27 and a 200-day simple moving average of $210.06. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. The company has a market cap of $108.40 billion, a price-to-earnings ratio of 69.56, a P/E/G ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.70 by $0.15. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business's revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 EPS. As a group, equities research 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 will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a $0.99 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.81%. Analog Devices's payout ratio is 107.90%.

Analog Devices announced that its Board of Directors has initiated a stock repurchase program on Tuesday, February 18th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 9.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

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.