Phraction Management LLC Has $13.78 Million Stake in Analog Devices, Inc. (NASDAQ:ADI)

Phraction Management LLC raised its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,345 shares of the semiconductor company's stock after buying an additional 1,265 shares during the quarter. Analog Devices accounts for 4.6% of Phraction Management LLC's holdings, making the stock its 6th biggest holding. Phraction Management LLC's holdings in Analog Devices were worth $13,783,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. DAVENPORT & Co LLC grew its holdings in shares of Analog Devices by 32.3% during the 1st quarter. DAVENPORT & Co LLC now owns 458,677 shares of the semiconductor company's stock worth $92,491,000 after purchasing an additional 111,905 shares in the last quarter. Lansing Street Advisors grew its holdings in shares of Analog Devices by 37.8% during the 1st quarter. Lansing Street Advisors now owns 1,600 shares of the semiconductor company's stock worth $323,000 after purchasing an additional 439 shares in the last quarter. Alta Advisers Ltd grew its holdings in shares of Analog Devices by 48.9% during the 1st quarter. Alta Advisers Ltd now owns 2,436 shares of the semiconductor company's stock worth $491,000 after purchasing an additional 800 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Analog Devices during the 1st quarter worth $8,648,000. Finally, Smith Salley Wealth Management grew its holdings in shares of Analog Devices by 1.2% during the 1st quarter. Smith Salley Wealth Management now owns 104,318 shares of the semiconductor company's stock worth $21,038,000 after purchasing an additional 1,188 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction that occurred on 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 approximately $28,147,332.64. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the transaction, the director directly owned 180,071 shares in the company, valued at approximately $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 three months, insiders sold 16,250 shares of company stock worth $3,143,556. Insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Seaport Res Ptn raised Analog Devices to a "strong sell" rating in a report on Wednesday, April 30th. Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Benchmark reiterated a "buy" rating and issued a $260.00 target price (down previously from $275.00) on shares of Analog Devices in a research report on Friday, May 23rd. Stifel Nicolaus lifted their target price on Analog Devices from $225.00 to $248.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, UBS Group decreased their target price on Analog Devices from $295.00 to $285.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. One investment 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. According to data from MarketBeat, Analog Devices currently has an average rating of "Moderate Buy" and a consensus price target of $251.75.

Analog Devices Trading Up 0.4%

Shares of Analog Devices stock traded up $0.93 during midday trading on Thursday, reaching $246.08. The company had a trading volume of 1,837,392 shares, compared to its average volume of 3,593,981. The stock has a fifty day moving average price of $220.07 and a 200 day moving average price of $212.46. 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 firm has a market cap of $122.12 billion, a PE ratio of 67.05, a P/E/G ratio of 2.26 and a beta of 1.02. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.10.

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

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.61%. The ex-dividend date was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is presently 107.90%.

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.