GHP Investment Advisors Inc. Raises Holdings in Analog Devices, Inc. (NASDAQ:ADI)

GHP Investment Advisors Inc. boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,297 shares of the semiconductor company's stock after purchasing an additional 1,214 shares during the quarter. GHP Investment Advisors Inc.'s holdings in Analog Devices were worth $9,740,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Orion Capital Management LLC bought a new position in shares of Analog Devices during the 4th quarter worth about $27,000. Menard Financial Group LLC acquired a new position in Analog Devices during the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC bought a new position in Analog Devices in the fourth quarter worth approximately $30,000. Hopwood Financial Services Inc. bought a new position in Analog Devices in the fourth quarter worth approximately $30,000. Finally, Cassady Schiller Wealth Management LLC grew its stake 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 period. 86.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Raymond James Financial upgraded Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, June 18th. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. KGI Securities assumed coverage on Analog Devices in a research note on Friday, May 23rd. They set a "buy" rating on the stock. Barclays upped their target price on shares of Analog Devices from $170.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Finally, Cfra Research lowered shares of Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $251.75.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction dated 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 directly owns 142,996 shares of the company's stock, valued at approximately $28,147,332.64. This trade represents a 6.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the transaction, the director now owns 180,071 shares in the company, valued at $35,265,104.64. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,250 shares of company stock valued at $3,143,556. Insiders own 0.33% of the company's stock.

Analog Devices Price Performance

Analog Devices stock traded down $0.34 during midday trading on Friday, hitting $236.96. 3,617,735 shares of the company's stock were exchanged, compared to its average volume of 3,584,581. The company has a market cap of $117.59 billion, a P/E ratio of 64.57, a PEG ratio of 2.17 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. The stock has a 50-day moving average price of $214.10 and a two-hundred day moving average price of $211.61. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10.

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

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is currently 107.90%.

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.