J. Goldman & Co LP Acquires 10,222 Shares of Analog Devices, Inc. (NASDAQ:ADI)

J. Goldman & Co LP increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,287 shares of the semiconductor company's stock after acquiring an additional 10,222 shares during the quarter. J. Goldman & Co LP's holdings in Analog Devices were worth $10,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. 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 grew 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 buying an additional 55 shares during 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 currently owned by institutional investors.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the sale, the director now owns 180,071 shares of the company's stock, valued at approximately $35,265,104.64. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard C. Puccio, Jr. sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total value of $836,760.00. Following the sale, the chief financial officer now directly owns 49,916 shares of the company's stock, valued at $10,441,928.04. This represents a 7.42% 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 quarter. 0.33% of the stock is currently owned by insiders.

Analog Devices Stock Up 0.1%

Shares of ADI stock traded up $0.14 during mid-day trading on Wednesday, hitting $226.82. The company's stock had a trading volume of 4,648,348 shares, compared to its average volume of 3,513,024. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The business has a 50-day moving average price of $196.01 and a 200 day moving average price of $210.63. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. The stock has a market cap of $112.50 billion, a price-to-earnings ratio of 72.24, a PEG ratio of 2.85 and a beta of 0.98.

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

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

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were paid a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.75%. This is a boost from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's payout ratio is currently 126.11%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group lowered their target price on Analog Devices from $300.00 to $295.00 and set a "buy" rating for the company in a research note on Monday. Williams Trading set a $245.00 target price on Analog Devices in a research note on Friday, February 14th. Morgan Stanley set a $214.00 target price on Analog Devices in a research note on Monday, April 21st. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research note on Thursday, February 20th. Finally, Wells Fargo & Company raised their target price on Analog Devices from $220.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $250.20.

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.