McGuire Investment Group LLC Grows Holdings in Analog Devices, Inc. (NASDAQ:ADI)

McGuire Investment Group LLC raised its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,578 shares of the semiconductor company's stock after buying an additional 1,354 shares during the quarter. Analog Devices accounts for 2.6% of McGuire Investment Group LLC's investment portfolio, making the stock its 14th largest holding. McGuire Investment Group LLC's holdings in Analog Devices were worth $17,258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC bought a new position in shares of Analog Devices in the 4th quarter worth $27,000. Menard Financial Group LLC bought a new position in shares of Analog Devices in the fourth quarter valued at $27,000. Alpine Bank Wealth Management acquired a new position in shares of Analog Devices during the first quarter valued at about $27,000. Mainstream Capital Management LLC acquired a new position in shares of Analog Devices during the fourth quarter valued at about $30,000. Finally, Hopwood Financial Services Inc. bought a new stake in shares of Analog Devices during the fourth quarter worth about $30,000. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADI. Raymond James Financial raised shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, June 18th. Noble Financial upgraded Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. KGI Securities assumed coverage on Analog Devices in a research report on Friday, May 23rd. They set a "buy" rating on the stock. TD Cowen upped their price target on Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a 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 assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $251.75.

Analog Devices Stock Performance

NASDAQ:ADI traded up $2.62 on Tuesday, reaching $240.64. 3,500,630 shares of the company's stock were exchanged, compared to its average volume of 3,587,852. The firm has a market cap of $119.42 billion, a price-to-earnings ratio of 65.57, a P/E/G ratio of 2.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. The stock has a fifty day simple moving average of $217.82 and a 200-day simple moving average of $212.02. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10.

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

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.65%. Analog Devices's dividend payout ratio (DPR) is 107.90%.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 142,996 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, Director Ray Stata sold 3,125 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total transaction of $612,000.00. Following the sale, the director directly owned 180,071 shares in the company, valued at $35,265,104.64. This trade represents a 1.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,250 shares of company stock valued at $3,143,556. 0.33% of the stock is owned by corporate insiders.

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.