Endeavor Private Wealth Inc. Buys 1,537 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Key Points

• Endeavor Private Wealth Inc. significantly increased its stake in Analog Devices, Inc. by 1,635.1%, totaling 1,631 shares valued at approximately $329,000 as of the latest filing.
• Analysts have given Analog Devices a consensus rating of "Moderate Buy" with a target price of $258.89, while several have recently upgraded their ratings.
• During the most recent earnings report, Analog Devices exceeded expectations with earnings of $1.85 per share, surpassing the consensus estimate of $1.70 by $0.15 and seeing a 22.3% year-over-year revenue increase.

Endeavor Private Wealth Inc. boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1,635.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,631 shares of the semiconductor company's stock after acquiring an additional 1,537 shares during the quarter. Endeavor Private Wealth Inc.'s holdings in Analog Devices were worth $329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADI. Orion Capital Management LLC acquired a new position in Analog Devices in the fourth quarter valued at approximately $27,000. Menard Financial Group LLC acquired a new position in Analog Devices in the fourth quarter valued at approximately $27,000. Alpine Bank Wealth Management acquired a new stake in Analog Devices in the first quarter worth $27,000. N.E.W. Advisory Services LLC acquired a new stake in Analog Devices in the first quarter worth $33,000. Finally, North Capital Inc. acquired a new stake in Analog Devices in the first quarter worth $36,000. Institutional investors own 86.81% of the company's stock.

Insider Activity

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction on 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 directly owned 167,571 shares of the company's stock, valued at $40,088,010.33. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.33% of the company's stock.

Analog Devices Trading Up 0.3%

ADI traded up $0.69 during trading on Monday, reaching $222.40. 2,847,623 shares of the company's stock were exchanged, compared to its average volume of 3,454,398. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.73. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $110.37 billion, a PE ratio of 60.60, a price-to-earnings-growth ratio of 2.04 and a beta of 1.05. The firm has a fifty day moving average price of $231.54 and a two-hundred day moving average price of $215.64.

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 for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 EPS. As a group, equities research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $0.99 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.8%. Analog Devices's payout ratio is 107.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ADI shares. Noble Financial upgraded shares of Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Cfra Research lowered shares of Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, May 22nd. Oppenheimer increased their price objective on shares of Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Seaport Res Ptn raised shares of Analog Devices from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. Six equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $258.89.

About Analog Devices

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.