GKV Capital Management Co. Inc. Takes $248,000 Position in Analog Devices, Inc. (NASDAQ:ADI)

Key Points

• GKV Capital Management Co. Inc. acquired 1,230 shares of Analog Devices, Inc. (NASDAQ:ADI) valued at approximately $248,000 in Q1.
• Director Ray Stata sold 3,125 shares for about $747,593, reducing his ownership by 1.83%.
• Analysts have set a consensus price target of $258.89 for Analog Devices, with a majority rating it as a "Moderate Buy."

GKV Capital Management Co. Inc. bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,230 shares of the semiconductor company's stock, valued at approximately $248,000.

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

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the sale, the director directly owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.33% of the company's stock.

Analog Devices Stock Down 1.9%

NASDAQ ADI traded down $4.58 during trading on Friday, reaching $231.63. 3,825,918 shares of the company's stock were exchanged, compared to its average volume of 3,617,735. The stock has a market cap of $114.95 billion, a P/E ratio of 63.11, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. 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 company has a 50 day moving average price of $233.70 and a two-hundred day moving average price of $216.24. 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 announced its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. The company 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 revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 EPS. On average, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's payout ratio is presently 107.90%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADI. Morgan Stanley dropped their price objective on Analog Devices from $214.00 to $212.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Raymond James Financial raised Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, June 18th. Seaport Res Ptn raised Analog Devices from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Piper Sandler dropped their price objective on Analog Devices from $240.00 to $215.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Finally, Evercore ISI lifted their target price on Analog Devices from $231.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Six research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.