Integrated Advisors Network LLC Increases Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Integrated Advisors Network LLC raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 42.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,560 shares of the semiconductor company's stock after purchasing an additional 1,650 shares during the period. Integrated Advisors Network LLC's holdings in Analog Devices were worth $1,121,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ADI. Orion Capital Management LLC bought a new stake in shares of Analog Devices in the fourth quarter worth $27,000. Menard Financial Group LLC purchased a new position in Analog Devices in the fourth quarter worth about $27,000. Hopwood Financial Services Inc. purchased a new stake in shares of Analog Devices during the 4th quarter valued at about $30,000. Mainstream Capital Management LLC bought a new position in shares of Analog Devices in the 4th quarter worth approximately $30,000. Finally, Cassady Schiller Wealth Management LLC boosted its holdings in shares of Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after buying an additional 55 shares during the last quarter. Institutional investors own 86.81% of the company's stock.

Analog Devices Trading Down 3.1%

ADI traded down $7.09 during trading on Friday, hitting $225.03. 3,349,531 shares of the stock were exchanged, compared to its average volume of 3,571,691. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. The firm has a 50 day simple moving average of $203.77 and a 200 day simple moving average of $210.75. The firm has a market cap of $111.67 billion, a price-to-earnings ratio of 71.67, a P/E/G ratio of 2.85 and a beta of 1.00. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.15. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $1.40 EPS. The company's revenue for the quarter was up 22.3% on a year-over-year basis. As a group, equities analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current 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 given a $0.99 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.76%. Analog Devices's payout ratio is 107.90%.

Analog Devices announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 18th that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

ADI has been the subject of a number of research reports. Barclays upped their target price on shares of Analog Devices from $170.00 to $185.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. TD Cowen boosted their price objective on Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Wells Fargo & Company restated a "positive" rating on shares of Analog Devices in a research report on Friday, May 23rd. Maxim Group assumed coverage on shares of Analog Devices in a research report on Friday, February 14th. They set a "buy" rating for the company. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and an average price target of $248.63.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $196.84, for a total value of $1,968,400.00. Following the sale, the chief executive officer now owns 142,996 shares in the company, valued at $28,147,332.64. This represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the sale, the director now directly owns 186,321 shares in the company, valued at approximately $33,576,907.41. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,934 shares of company stock worth $6,643,956 in the last ninety days. 0.33% of the stock is owned by insiders.

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.