Live Oak Private Wealth LLC Raises Position in Analog Devices, Inc. (NASDAQ:ADI)

Live Oak Private Wealth LLC raised its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,855 shares of the semiconductor company's stock after buying an additional 1,949 shares during the quarter. Live Oak Private Wealth LLC's holdings in Analog Devices were worth $6,021,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ADI. Brighton Jones LLC lifted its position in Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock valued at $397,000 after buying an additional 529 shares during the last quarter. Navellier & Associates Inc. lifted its position in shares of Analog Devices by 4.5% during the fourth quarter. Navellier & Associates Inc. now owns 3,983 shares of the semiconductor company's stock worth $846,000 after purchasing an additional 173 shares in the last quarter. Pinnacle Financial Partners Inc lifted its position in shares of Analog Devices by 10.9% during the fourth quarter. Pinnacle Financial Partners Inc now owns 4,380 shares of the semiconductor company's stock worth $936,000 after purchasing an additional 432 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Analog Devices by 9.5% during the fourth quarter. First Horizon Advisors Inc. now owns 5,337 shares of the semiconductor company's stock worth $1,134,000 after purchasing an additional 463 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new stake in shares of Analog Devices during the fourth quarter worth about $7,773,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Up 1.1%

NASDAQ:ADI traded up $2.62 during midday trading on Thursday, hitting $237.30. 3,057,719 shares of the company were exchanged, compared to its average volume of 3,578,760. The company has a fifty day simple moving average of $214.10 and a 200 day simple moving average of $211.61. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $117.76 billion, a PE ratio of 64.66, a price-to-earnings-growth ratio of 2.17 and a beta of 1.00.

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

Analog Devices Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ADI shares. Barclays increased their price target on shares of Analog Devices from $170.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Stifel Nicolaus increased their price target on shares of Analog Devices from $225.00 to $248.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Piper Sandler reduced their price target on shares of Analog Devices from $240.00 to $215.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Evercore ISI increased their price target on shares of Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Finally, Cowen restated a "buy" 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 given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $251.75.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $196.84, for a total value of $1,968,400.00. Following the transaction, the chief executive officer now directly owns 142,996 shares in the company, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the transaction, the director now owns 186,321 shares in the company, valued at approximately $33,576,907.41. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,250 shares of company stock worth $3,143,556 in the last ninety days. 0.33% of the stock is owned by corporate insiders.

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.