Tolleson Wealth Management Inc. Invests $297,000 in Analog Devices, Inc. (NASDAQ:ADI)

Tolleson Wealth Management Inc. acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,398 shares of the semiconductor company's stock, valued at approximately $297,000.

Several other large investors have also bought and sold shares of ADI. Hopwood Financial Services Inc. bought a new stake in shares of Analog Devices in the 4th quarter worth approximately $30,000. Mainstream Capital Management LLC bought a new stake in shares of Analog Devices in the 4th quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC boosted its position in shares of Analog Devices by 63.2% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Financial Life Planners bought a new stake in shares of Analog Devices in the 4th quarter worth approximately $33,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Analog Devices in the 4th quarter worth approximately $41,000. 86.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ADI has been the subject of a number of recent analyst reports. Williams Trading set a $245.00 price objective on shares of Analog Devices in a report on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research note on Thursday, February 20th. Stifel Nicolaus upped their price objective on Analog Devices from $225.00 to $248.00 and gave the stock a "buy" rating in a research note on Tuesday. Morgan Stanley set a $214.00 price target on Analog Devices in a research note on Monday, April 21st. Finally, Oppenheimer increased their price target on Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Analog Devices presently has an average rating of "Moderate Buy" and an average target price of $252.35.

Analog Devices Stock Performance

NASDAQ ADI traded down $2.27 on Wednesday, reaching $222.22. 5,084,834 shares of the company's stock traded hands, compared to its average volume of 3,526,119. The firm has a market cap of $110.22 billion, a price-to-earnings ratio of 70.77, a P/E/G ratio of 2.85 and a beta of 0.98. The stock has a 50 day moving average price of $197.36 and a 200-day moving average price of $210.42. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.09. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 earnings per share. Equities research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices announced that its board has approved a share repurchase program on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity at Analog Devices

In other Analog Devices news, EVP Vivek Jain sold 12,684 shares of Analog Devices stock in a transaction on Monday, March 24th. The shares were sold at an average price of $210.00, for a total value of $2,663,640.00. Following the completion of the transaction, the executive vice president now owns 43,175 shares of the company's stock, valued at approximately $9,066,750. The trade was a 22.71% 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 on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the transaction, the director now directly owns 180,071 shares of the company's stock, valued at $35,265,104.64. The trade was a 1.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,934 shares of company stock worth $8,735,156 over the last three months. Company insiders own 0.33% of the company's stock.

Analog Devices Company 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.