Green Alpha Advisors LLC Raises Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Green Alpha Advisors LLC raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 37.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,543 shares of the semiconductor company's stock after acquiring an additional 2,061 shares during the period. Analog Devices makes up about 1.6% of Green Alpha Advisors LLC's portfolio, making the stock its 14th biggest position. Green Alpha Advisors LLC's holdings in Analog Devices were worth $1,521,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in Analog Devices during the fourth quarter worth about $27,000. Menard Financial Group LLC purchased a new stake in shares of Analog Devices during the 4th quarter worth $27,000. Hopwood Financial Services Inc. acquired a new position in Analog Devices during the fourth quarter worth about $30,000. Mainstream Capital Management LLC purchased a new stake in shares of Analog Devices during the fourth quarter worth about $30,000. Finally, Cassady Schiller Wealth Management LLC raised its stake in Analog Devices by 63.2% during the fourth 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 period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Price Performance

Shares of ADI stock traded up $2.29 during trading hours on Thursday, hitting $220.79. 1,181,887 shares of the company's stock were exchanged, compared to its average volume of 3,547,228. The company has a market capitalization of $109.57 billion, a PE ratio of 70.32, a PEG 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 business's 50 day simple moving average is $198.79 and its 200-day simple moving average is $210.18. 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 (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.15. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the firm posted $1.40 EPS. The business's revenue was up 22.3% on a year-over-year basis. On average, 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 of Directors has authorized a stock buyback plan on Tuesday, February 18th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.79%. The ex-dividend date is Wednesday, June 4th. Analog Devices's dividend payout ratio is currently 107.90%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the sale, the chief executive officer now owns 64,918 shares of the company's stock, valued at approximately $13,575,652.16. This trade represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vivek Jain sold 12,684 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $210.00, for a total value of $2,663,640.00. Following the completion of the sale, the executive vice president now directly owns 43,175 shares of the company's stock, valued at $9,066,750. The trade was a 22.71% 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 in the last three months. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ADI shares. Benchmark reiterated a "buy" rating and set a $260.00 price objective (down from $275.00) on shares of Analog Devices in a research note on Friday, May 23rd. Cowen reissued a "buy" rating on shares of Analog Devices in a research report on Friday, May 23rd. Cantor Fitzgerald raised their target price on shares of Analog Devices from $230.00 to $250.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued 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 $248.63.

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.