Y Intercept Hong Kong Ltd Buys 10,126 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Y Intercept Hong Kong Ltd lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 201.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,155 shares of the semiconductor company's stock after purchasing an additional 10,126 shares during the period. Y Intercept Hong Kong Ltd's holdings in Analog Devices were worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Portland Global Advisors LLC boosted its holdings in Analog Devices by 1.3% in the fourth 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 during the last quarter. Continuum Advisory LLC lifted its stake in Analog Devices by 14.8% in the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock valued at $89,000 after buying an additional 57 shares during the period. Alps Advisors Inc. lifted its stake in Analog Devices by 1.1% in the first quarter. Alps Advisors Inc. now owns 5,688 shares of the semiconductor company's stock valued at $1,147,000 after buying an additional 60 shares during the period. Keystone Financial Services lifted its stake in Analog Devices by 1.6% in the first quarter. Keystone Financial Services now owns 3,791 shares of the semiconductor company's stock valued at $765,000 after buying an additional 61 shares during the period. Finally, Dakota Wealth Management lifted its stake in Analog Devices by 0.7% in the first quarter. Dakota Wealth Management now owns 8,955 shares of the semiconductor company's stock valued at $1,806,000 after buying an additional 61 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Stock Up 0.6%

NASDAQ ADI traded up $1.37 on Friday, reaching $227.74. The company had a trading volume of 873,979 shares, compared to its average volume of 4,000,877. The stock has a market capitalization of $113.02 billion, a P/E ratio of 62.06, a P/E/G ratio of 2.10 and a beta of 1.02. The company's fifty day moving average is $230.62 and its 200 day moving average is $215.17. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.73. 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 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 company 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 9.56% and a net margin of 18.65%. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.40 EPS. Sell-side 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 issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is currently 107.90%.

Wall Street Analysts Forecast Growth

ADI has been the topic of several recent analyst reports. Cantor Fitzgerald raised Analog Devices from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $250.00 to $270.00 in a research note on Wednesday, June 18th. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. Keefe, Bruyette & Woods raised Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. The Goldman Sachs Group initiated coverage on Analog Devices in a research note on Thursday, July 10th. They issued a "buy" rating and a $285.00 price target on the stock. Finally, KGI Securities initiated coverage on Analog Devices in a research note on Friday, May 23rd. They issued a "buy" rating on the stock. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.89.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, May 1st. The stock was 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 owned 142,996 shares in the company, valued at approximately $28,147,332.64. This represents a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, July 16th. The stock was 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 $40,088,010.33. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,250 shares of company stock worth $3,327,994 over the last three months. 0.33% of the stock is owned by insiders.

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.