MQS Management LLC Acquires New Shares in Analog Devices, Inc. (NASDAQ:ADI)

MQS Management LLC acquired a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,876 shares of the semiconductor company's stock, valued at approximately $378,000.

Other hedge funds have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its holdings in shares of Analog Devices by 284.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock valued at $6,262,000 after purchasing an additional 22,973 shares during the period. Broderick Brian C grew its position in Analog Devices by 2.6% in the 4th 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 acquired a new position in Analog Devices during the 4th quarter valued at about $10,212,000. Sowell Financial Services LLC bought a new stake in shares of Analog Devices during the 1st quarter worth about $296,000. Finally, Keybank National Association OH lifted its stake in shares of Analog Devices by 85.8% in the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock worth $5,461,000 after acquiring an additional 12,505 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Analog Devices

In other Analog Devices 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 transaction, the chief executive officer directly owned 142,996 shares of the company's stock, valued at $28,147,332.64. This represents a 6.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total value of $612,000.00. Following the sale, the director directly owned 180,071 shares of the company's stock, valued at $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,250 shares of company stock worth $3,143,556. 0.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on ADI. Seaport Res Ptn raised Analog Devices to a "strong sell" rating in a report on Wednesday, April 30th. KGI Securities started coverage on Analog Devices in a research note on Friday, May 23rd. They issued a "buy" rating on the stock. Williams Trading set a $260.00 price objective on Analog Devices in a report on Friday, May 23rd. Raymond James Financial raised Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, June 18th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $257.67.

Analog Devices Stock Down 0.5%

NASDAQ:ADI traded down $1.22 during trading hours on Monday, hitting $243.46. 2,044,862 shares of the company's stock traded hands, compared to its average volume of 4,017,035. The stock's fifty day moving average price is $226.02 and its two-hundred day moving average price is $213.72. The firm has a market cap of $120.82 billion, a P/E ratio of 66.34, a P/E/G ratio of 2.26 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $247.73.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results 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 company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The firm's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS. On average, research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is currently 107.90%.

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.