15,492 Shares in Analog Devices, Inc. (NASDAQ:ADI) Acquired by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC bought a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,492 shares of the semiconductor company's stock, valued at approximately $3,076,000. Analog Devices comprises about 1.2% of Strata Wealth Advisors LLC's investment portfolio, making the stock its 12th largest holding.

A number of other hedge funds have also made changes to their positions in ADI. Norges Bank acquired a new position in shares of Analog Devices during the 4th quarter valued at about $1,040,194,000. Moneta Group Investment Advisors LLC increased its holdings in shares of Analog Devices by 101,479.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,111,943 shares of the semiconductor company's stock valued at $674,482,000 after acquiring an additional 4,107,895 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Analog Devices by 22.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,868,437 shares of the semiconductor company's stock valued at $2,428,225,000 after purchasing an additional 2,497,696 shares during the period. Alliancebernstein L.P. boosted its stake in Analog Devices by 236.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,312,235 shares of the semiconductor company's stock valued at $450,446,000 after purchasing an additional 1,625,377 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Analog Devices by 639.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,718,502 shares of the semiconductor company's stock valued at $303,591,000 after purchasing an additional 1,486,180 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Activity

In other news, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the sale, the executive vice president now directly owns 5,745 shares of the company's stock, valued at approximately $1,134,982.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the sale, the executive vice president now directly owns 5,745 shares of the company's stock, valued at approximately $1,134,982.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the sale, the chief executive officer now directly owns 5,713 shares of the company's stock, valued at $1,097,524.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,707 shares of company stock valued at $4,825,113. Company insiders own 0.31% of the company's stock.

Analog Devices Price Performance

ADI stock traded down $4.22 during midday trading on Friday, reaching $183.36. 4,081,783 shares of the company's stock traded hands, compared to its average volume of 2,613,445. The company has a 50-day simple moving average of $192.82 and a two-hundred day simple moving average of $186.63. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $204.20. The company has a market cap of $90.93 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 4.71 and a beta of 1.17. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The firm had revenue of $2.51 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm posted $2.75 EPS. The business's revenue was down 22.7% on a year-over-year basis. On average, analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a $0.92 dividend. This is a boost from Analog Devices's previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices's dividend payout ratio (DPR) is 65.83%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ADI shares. KeyCorp increased their target price on Analog Devices from $220.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. The Goldman Sachs Group increased their target price on Analog Devices from $191.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Evercore ISI started coverage on Analog Devices in a research note on Tuesday. They set an "outperform" rating and a $254.00 target price for the company. Barclays increased their target price on Analog Devices from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 16th. Finally, Edward Jones upgraded Analog Devices from a "hold" rating to a "buy" rating in a research note on Friday, December 22nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $208.17.

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.