4,153 Shares in Analog Devices, Inc. (NASDAQ:ADI) Bought by Bryce Point Capital LLC

Key Points

• Bryce Point Capital LLC has invested approximately $873,000 in Analog Devices, acquiring 4,153 shares during the first quarter of the year.
• Equities analysts have given Analog Devices a consensus rating of "Moderate Buy" with an average price target of $258.89.
• Analog Devices recently announced a quarterly dividend of $0.99, representing a 1.74% yield, with a dividend payout ratio of 107.90%.

Bryce Point Capital LLC purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,153 shares of the semiconductor company's stock, valued at approximately $873,000.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Analog Devices by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 10,612,183 shares of the semiconductor company's stock valued at $2,248,971,000 after buying an additional 247,737 shares during the period. FMR LLC boosted its stake in shares of Analog Devices by 0.8% in the 4th quarter. FMR LLC now owns 7,450,018 shares of the semiconductor company's stock valued at $1,582,831,000 after buying an additional 61,390 shares during the period. Northern Trust Corp lifted its stake in Analog Devices by 8.4% during the fourth quarter. Northern Trust Corp now owns 5,521,162 shares of the semiconductor company's stock worth $1,173,026,000 after purchasing an additional 427,328 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Analog Devices by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,715,313 shares of the semiconductor company's stock worth $789,356,000 after purchasing an additional 181,309 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Analog Devices by 25.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock worth $708,260,000 after purchasing an additional 668,023 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded down $6.73 during trading on Thursday, hitting $224.38. 1,601,795 shares of the company were exchanged, compared to its average volume of 3,966,531. The business's 50 day moving average is $231.06 and its 200-day moving average is $215.53. The company has a market capitalization of $111.35 billion, a P/E ratio of 61.25, a price-to-earnings-growth ratio of 2.13 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.73.

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

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.99 per share. 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 1.76%. Analog Devices's payout ratio is currently 107.90%.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on ADI. Benchmark reiterated a "buy" rating and issued a $260.00 price objective (down previously 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. Cowen reiterated a "buy" rating on shares of Analog Devices in a research note on Friday, May 23rd. Oppenheimer boosted their target price on Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Six investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and a consensus price target of $258.89.

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.