Analog Devices, Inc. (NASDAQ:ADI) is Silverberg Bernstein Capital Management LLC's 9th Largest Position

Silverberg Bernstein Capital Management LLC lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,871 shares of the semiconductor company's stock after selling 1,165 shares during the period. Analog Devices makes up 3.2% of Silverberg Bernstein Capital Management LLC's investment portfolio, making the stock its 9th biggest holding. Silverberg Bernstein Capital Management LLC's holdings in Analog Devices were worth $3,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ADI. Midwest Professional Planners LTD. increased its position in shares of Analog Devices by 0.6% during the fourth quarter. Midwest Professional Planners LTD. now owns 9,296 shares of the semiconductor company's stock worth $1,975,000 after acquiring an additional 53 shares in the last quarter. Portland Global Advisors LLC lifted its stake in Analog Devices by 1.3% during the 4th quarter. Portland Global Advisors LLC now owns 4,014 shares of the semiconductor company's stock valued at $853,000 after acquiring an additional 53 shares in the last quarter. NTV Asset Management LLC boosted its holdings in Analog Devices by 2.7% during the fourth quarter. NTV Asset Management LLC now owns 2,063 shares of the semiconductor company's stock worth $438,000 after purchasing an additional 54 shares during the last quarter. Cassady Schiller Wealth Management LLC grew its holdings in shares of Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of Analog Devices by 1.3% during the fourth quarter. Lindbrook Capital LLC now owns 5,243 shares of the semiconductor company's stock valued at $1,114,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analyst Upgrades and Downgrades

ADI has been the subject of several research analyst reports. Cantor Fitzgerald lifted their price target on shares of Analog Devices from $230.00 to $250.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. Stifel Nicolaus increased their price target on shares of Analog Devices from $225.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Benchmark reiterated a "buy" rating and issued a $260.00 price objective (down previously from $275.00) on shares of Analog Devices in a research report on Friday, May 23rd. Finally, Maxim Group began coverage on Analog Devices in a research report on Friday, February 14th. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $248.63.

Analog Devices Trading Up 0.0%

Shares of NASDAQ:ADI traded up $0.07 on Wednesday, reaching $218.50. 4,199,243 shares of the company traded hands, compared to its average volume of 3,552,793. The stock has a market capitalization of $108.43 billion, a P/E ratio of 69.59, a price-to-earnings-growth ratio of 2.85 and a beta of 1.00. The business's 50-day simple moving average is $198.46 and its 200 day simple moving average is $210.12. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.50 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business's quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. As a group, equities analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Wednesday, June 4th. Analog Devices's payout ratio is 107.90%.

Analog Devices announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 18th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 9.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its stock is undervalued.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total value of $2,091,200.00. Following the completion of the transaction, the chief executive officer now directly owns 64,918 shares of the company's stock, valued at $13,575,652.16. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard C. Puccio, Jr. sold 4,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $209.19, for a total value of $836,760.00. Following the completion of the sale, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $10,441,928.04. The trade was a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,934 shares of company stock valued at $8,735,156. Insiders own 0.33% of the company's stock.

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.