Sargent Investment Group LLC Purchases 2,393 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Sargent Investment Group LLC increased its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 180.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,721 shares of the semiconductor company's stock after buying an additional 2,393 shares during the quarter. Sargent Investment Group LLC's holdings in Analog Devices were worth $750,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ADI. China Universal Asset Management Co. Ltd. grew its stake in Analog Devices by 284.4% in 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 last quarter. Broderick Brian C boosted its holdings in Analog Devices by 2.6% in the fourth quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock worth $16,831,000 after acquiring an additional 2,017 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in Analog Devices in the fourth quarter worth about $10,212,000. Sowell Financial Services LLC acquired a new stake in Analog Devices in the first quarter worth about $296,000. Finally, Keybank National Association OH boosted its holdings in Analog Devices by 85.8% in the first 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 in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Trading Up 0.4%

Shares of NASDAQ ADI opened at $241.85 on Friday. 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 52-week low of $158.65 and a 52-week high of $247.73. The firm has a 50 day moving average price of $230.08 and a two-hundred day moving average price of $214.68. The stock has a market cap of $120.02 billion, a P/E ratio of 65.90, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced 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 net margin of 18.65% and a return on equity of 9.56%. The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the company posted $1.40 EPS. The company's revenue was up 22.3% on a year-over-year basis. As a group, equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's payout ratio is 107.90%.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the firm'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 directly owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the completion of the transaction, the chief executive officer directly owned 142,996 shares in the company, valued at $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,250 shares of company stock valued at $3,327,994 over the last 90 days. Corporate insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of research reports. Cfra Research downgraded Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, May 22nd. Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Stifel Nicolaus boosted their price objective on Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research report on Friday. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. Finally, Raymond James Financial upgraded Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.

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