Graham Capital Management L.P. Invests $333,000 in Analog Devices, Inc. (NASDAQ:ADI)

Graham Capital Management L.P. acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,567 shares of the semiconductor company's stock, valued at approximately $333,000.

Other large investors have also modified their holdings of the company. Broderick Brian C raised its stake in Analog Devices by 2.6% during the fourth quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock valued at $16,831,000 after buying an additional 2,017 shares in the last quarter. Freestone Grove Partners LP bought a new stake in shares of Analog Devices in the 4th quarter valued at approximately $10,212,000. Curbstone Financial Management Corp acquired a new stake in shares of Analog Devices during the 4th quarter valued at approximately $460,000. Synergy Asset Management LLC raised its position in shares of Analog Devices by 11.1% during the 4th quarter. Synergy Asset Management LLC now owns 25,569 shares of the semiconductor company's stock valued at $5,404,000 after acquiring an additional 2,554 shares in the last quarter. Finally, RFG Advisory LLC lifted its stake in Analog Devices by 3.9% during the fourth quarter. RFG Advisory LLC now owns 2,072 shares of the semiconductor company's stock worth $440,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds 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 Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total value of $563,156.25. Following the completion of the transaction, the director now owns 186,321 shares in the company, valued at $33,576,907.41. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total value of $2,091,200.00. Following the completion of the transaction, the chief executive officer now directly owns 64,918 shares in the company, valued at $13,575,652.16. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,934 shares of company stock worth $8,735,156. 0.33% of the stock is owned by company insiders.

Analog Devices Price Performance

ADI traded down $2.27 on Wednesday, reaching $222.22. The company had a trading volume of 5,084,834 shares, compared to its average volume of 3,525,723. The company has a fifty day moving average of $197.36 and a 200-day moving average of $210.42. The company has a market capitalization of $110.22 billion, a P/E ratio of 70.77, a PEG ratio of 2.85 and a beta of 0.98. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.10.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.09. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business posted $1.73 EPS. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices declared that its board has authorized a stock repurchase program on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 9.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

ADI has been the subject of several recent research reports. Benchmark boosted their target price on shares of Analog Devices from $245.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Lake Street Capital assumed coverage on shares of Analog Devices in a research report on Friday, February 14th. They set a "buy" rating for the company. Wells Fargo & Company raised their target price on shares of Analog Devices from $220.00 to $240.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. Stifel Nicolaus lifted their target price on Analog Devices from $225.00 to $248.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Oppenheimer upped 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of "Moderate Buy" and an average price target of $252.35.

Analog Devices 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.