Sequoia Financial Advisors LLC Boosts Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Sequoia Financial Advisors LLC raised its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 14.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,218 shares of the semiconductor company's stock after buying an additional 1,976 shares during the period. Sequoia Financial Advisors LLC's holdings in Analog Devices were worth $3,069,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Broderick Brian C grew its position in shares of Analog Devices by 2.6% during the 4th quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock worth $16,831,000 after buying an additional 2,017 shares during the period. Freestone Grove Partners LP bought a new position in shares of Analog Devices during the 4th quarter valued at about $10,212,000. Sowell Financial Services LLC acquired a new position in shares of Analog Devices in the 1st quarter valued at approximately $296,000. Dynamic Advisor Solutions LLC increased its stake in Analog Devices by 4.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,072 shares of the semiconductor company's stock worth $1,224,000 after purchasing an additional 251 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in Analog Devices by 282.9% in the 1st quarter. Golden State Wealth Management LLC now owns 1,099 shares of the semiconductor company's stock valued at $222,000 after acquiring an additional 812 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 142,996 shares in the company, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Tuesday, May 6th. The shares were 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 in the company, valued at $35,265,104.64. The trade was 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 have sold 16,250 shares of company stock valued at $3,143,556. 0.33% of the stock is currently owned by insiders.

Analog Devices Stock Up 1.4%

Shares of NASDAQ:ADI traded up $3.49 during trading on Wednesday, reaching $244.13. 1,681,020 shares of the company traded hands, compared to its average volume of 3,580,514. The firm has a market cap of $121.15 billion, a P/E ratio of 66.54, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. The firm has a fifty day simple moving average of $217.82 and a 200 day simple moving average of $212.02. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19.

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

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $0.99 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.62%. Analog Devices's dividend payout ratio (DPR) is currently 107.90%.

Wall Street Analyst Weigh In

ADI has been the subject of several recent analyst reports. Cantor Fitzgerald raised Analog Devices from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $250.00 to $270.00 in a report on Wednesday, June 18th. Oppenheimer boosted their price target on Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. KGI Securities initiated coverage on Analog Devices in a research report on Friday, May 23rd. They set a "buy" rating for the company. Wells Fargo & Company set a $235.00 price target on Analog Devices and gave the company an "equal weight" rating in a research note on Monday, June 16th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $251.75.

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.