RVW Wealth LLC Purchases New Shares in Analog Devices, Inc. (NASDAQ:ADI)

Key Points

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RVW Wealth LLC bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,389 shares of the semiconductor company's stock, valued at approximately $280,000.

A number of other large investors have also recently modified their holdings of ADI. GAMMA Investing LLC lifted its position in Analog Devices by 25,460.1% during the 1st quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock valued at $446,037,000 after acquiring an additional 2,203,062 shares during the period. Kovitz Investment Group Partners LLC lifted its position in Analog Devices by 301.1% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company's stock valued at $335,933,000 after acquiring an additional 1,186,981 shares during the period. Deutsche Bank AG lifted its position in Analog Devices by 71.0% during the 4th quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company's stock valued at $458,683,000 after acquiring an additional 896,694 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Analog Devices by 25.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock valued at $708,260,000 after acquiring an additional 668,023 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Analog Devices during the 4th quarter valued at about $128,965,000. Institutional investors own 86.81% of the company's stock.

Insider Activity at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the transaction, the director owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.33% of the company's stock.

Analog Devices Price Performance

Shares of ADI traded down $2.92 during mid-day trading on Friday, reaching $221.71. The stock had a trading volume of 3,740,478 shares, compared to its average volume of 3,267,364. The firm has a market cap of $110.02 billion, a price-to-earnings ratio of 60.41, a PEG ratio of 2.07 and a beta of 1.05. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.73. The business has a fifty day moving average of $231.54 and a 200 day moving average of $215.66. 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 (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, topping 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%. The company's revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 earnings per share. Equities analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's payout ratio is 107.90%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ADI shares. TD Cowen lifted their price target on shares of Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Morgan Stanley decreased their target price on shares of Analog Devices from $214.00 to $212.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Oppenheimer lifted their target price on shares of Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Noble Financial raised shares of Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Finally, Citigroup reaffirmed a "buy" rating and issued a $290.00 target price (up from $260.00) on shares of Analog Devices in a report on Monday, July 7th. Six research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.89.

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.