Brown Miller Wealth Management LLC Buys 2,234 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Brown Miller Wealth Management LLC increased its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 20.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,997 shares of the semiconductor company's stock after purchasing an additional 2,234 shares during the period. Brown Miller Wealth Management LLC's holdings in Analog Devices were worth $2,621,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Midwest Professional Planners LTD. grew its position in Analog Devices by 0.6% in the fourth quarter. Midwest Professional Planners LTD. now owns 9,296 shares of the semiconductor company's stock valued at $1,975,000 after acquiring an additional 53 shares during the last quarter. Portland Global Advisors LLC grew its position in Analog Devices by 1.3% in the fourth quarter. Portland Global Advisors LLC now owns 4,014 shares of the semiconductor company's stock valued at $853,000 after acquiring an additional 53 shares during the last quarter. NTV Asset Management LLC grew its position in Analog Devices by 2.7% in the fourth quarter. NTV Asset Management LLC now owns 2,063 shares of the semiconductor company's stock valued at $438,000 after acquiring an additional 54 shares during the last quarter. Cassady Schiller Wealth Management LLC grew its position 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 acquiring an additional 55 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in Analog Devices by 1.3% in the fourth quarter. Lindbrook Capital LLC now owns 5,243 shares of the semiconductor company's stock valued at $1,114,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, EVP Vivek Jain sold 12,684 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $210.00, for a total value of $2,663,640.00. Following the transaction, the executive vice president now directly owns 43,175 shares of the company's stock, valued at approximately $9,066,750. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard C. Puccio, Jr. sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total value of $836,760.00. Following the sale, the chief financial officer now owns 49,916 shares of the company's stock, valued at approximately $10,441,928.04. This represents a 7.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,934 shares of company stock valued at $6,643,956. 0.33% of the stock is currently owned by company insiders.

Analog Devices Price Performance

Analog Devices stock opened at $225.03 on Monday. The stock's 50 day moving average is $204.95 and its 200 day moving average is $210.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The firm has a market cap of $111.67 billion, a P/E ratio of 71.67, a P/E/G ratio of 2.85 and a beta of 1.00. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.10.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. The company had revenue of $2.64 billion for 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 firm's quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 earnings per share. As a group, research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

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

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is presently 107.90%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ADI shares. Wells Fargo & Company reiterated a "positive" rating on shares of Analog Devices in a research report on Friday, May 23rd. Oppenheimer lifted their target price on Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Benchmark reiterated a "buy" rating and issued a $260.00 target price (down previously from $275.00) on shares of Analog Devices in a research report on Friday, May 23rd. TD Cowen boosted their price target on Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Stifel Nicolaus boosted their price target on Analog Devices from $225.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, Analog Devices presently has an average rating of "Moderate Buy" and a consensus price target of $248.63.

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.

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