Analog Devices, Inc. (NASDAQ:ADI) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 558.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,710 shares of the semiconductor company's stock after buying an additional 301,718 shares during the period. Los Angeles Capital Management LLC owned 0.07% of Analog Devices worth $71,736,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Wealth Alliance LLC boosted its stake in Analog Devices by 40.9% in the 1st quarter. Wealth Alliance LLC now owns 3,591 shares of the semiconductor company's stock worth $724,000 after purchasing an additional 1,042 shares in the last quarter. Sargent Investment Group LLC raised its position in Analog Devices by 180.2% in the 1st quarter. Sargent Investment Group LLC now owns 3,721 shares of the semiconductor company's stock worth $750,000 after buying an additional 2,393 shares during the last quarter. Lindbrook Capital LLC raised its position in Analog Devices by 8.5% in the 1st quarter. Lindbrook Capital LLC now owns 5,689 shares of the semiconductor company's stock worth $1,147,000 after buying an additional 446 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Analog Devices by 4.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 38,340 shares of the semiconductor company's stock worth $7,732,000 after buying an additional 1,582 shares during the last quarter. Finally, OneAscent Financial Services LLC raised its position in Analog Devices by 112.4% in the 1st quarter. OneAscent Financial Services LLC now owns 3,996 shares of the semiconductor company's stock worth $800,000 after buying an additional 2,115 shares during the last quarter. Institutional investors own 86.81% of the company's stock.

Analog Devices Stock Up 0.4%

Shares of Analog Devices stock traded up $0.88 during trading on Friday, hitting $241.85. 2,761,631 shares of the stock traded hands, compared to its average volume of 3,598,123. The firm has a market cap of $120.02 billion, a P/E ratio of 65.90, a price-to-earnings-growth ratio of 2.23 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. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.73. The stock's fifty day simple moving average is $230.08 and its 200 day simple moving average is $214.68.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.15. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The firm's quarterly revenue was up 22.3% compared to the same quarter last year. On average, equities analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal 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 issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is 107.90%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ADI. Williams Trading set a $260.00 price target on shares of Analog Devices in a research report on Friday, May 23rd. Benchmark reiterated a "buy" rating and set a $260.00 price objective (down from $275.00) on shares of Analog Devices in a research note on Friday, May 23rd. KeyCorp boosted their price objective on Analog Devices from $285.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Oppenheimer boosted their price objective on Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Cantor Fitzgerald upgraded Analog Devices from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $250.00 to $270.00 in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and an average price target of $258.89.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the transaction, the director directly owned 167,571 shares of the company's stock, valued at $40,088,010.33. This represents a 1.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the company'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 transaction, the chief executive officer directly owned 142,996 shares of the company's stock, valued at approximately $28,147,332.64. The trade was 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 $3,327,994 in the last ninety days. Corporate insiders own 0.33% of the company's stock.

Analog Devices Company 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.