Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 25,460.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,211,715 shares of the semiconductor company's stock after buying an additional 2,203,062 shares during the period. GAMMA Investing LLC owned 0.45% of Analog Devices worth $446,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of Analog Devices during the 4th quarter worth approximately $27,000. Menard Financial Group LLC acquired a new position in shares of Analog Devices during the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC acquired a new position in shares of Analog Devices during the 4th quarter worth approximately $30,000. Hopwood Financial Services Inc. acquired a new position in shares of Analog Devices during the 4th quarter worth approximately $30,000. Finally, Cassady Schiller Wealth Management LLC boosted its holdings in shares of Analog Devices by 63.2% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 55 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ADI shares. Wells Fargo & Company reissued a "positive" rating on shares of Analog Devices in a research note on Friday, May 23rd. Benchmark restated a "buy" rating and issued a $260.00 price objective (down from $275.00) on shares of Analog Devices in a report on Friday, May 23rd. Seaport Res Ptn raised shares of Analog Devices to a "strong sell" rating in a research note on Wednesday, April 30th. Morgan Stanley reduced their price target on shares of Analog Devices from $214.00 to $212.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Finally, Lake Street Capital started coverage on shares of Analog Devices in a research report on Friday, February 14th. They set a "buy" rating for the company. One research 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. Based on data from MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and an average target price of $248.63.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the firm'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 transaction of $1,968,400.00. Following the transaction, the chief executive officer now owns 142,996 shares in the company, valued at $28,147,332.64. This trade represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total value of $612,000.00. Following the transaction, the director now directly owns 180,071 shares in the company, valued at approximately $35,265,104.64. This trade represents a 1.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,934 shares of company stock worth $8,735,156 over the last 90 days. 0.33% of the stock is owned by insiders.

Analog Devices Stock Up 0.8%

Shares of ADI stock traded up $1.67 during trading hours on Wednesday, reaching $219.11. 1,544,867 shares of the stock were exchanged, compared to its average volume of 3,542,478. The business's fifty day moving average is $198.46 and its two-hundred day moving average is $210.12. The firm has a market capitalization of $108.73 billion, a P/E ratio of 69.78, a P/E/G ratio of 2.85 and a beta of 1.00. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company's revenue was up 22.3% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. As a group, research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.81%. Analog Devices's payout ratio is currently 107.90%.

Analog Devices announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 18th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the semiconductor company to repurchase up to 9.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

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.