Duality Advisers LP Acquires Shares of 4,771 Analog Devices, Inc. (NASDAQ:ADI)

Duality Advisers LP bought a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,771 shares of the semiconductor company's stock, valued at approximately $947,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Amarillo National Bank lifted its position in shares of Analog Devices by 3.7% during the 4th quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company's stock valued at $300,000 after buying an additional 54 shares in the last quarter. Keystone Financial Services lifted its position in shares of Analog Devices by 1.8% during the 4th quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company's stock valued at $623,000 after buying an additional 55 shares in the last quarter. Ancora Advisors LLC lifted its holdings in Analog Devices by 2.1% in the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company's stock worth $480,000 after purchasing an additional 57 shares in the last quarter. Legacy Advisors LLC lifted its holdings in Analog Devices by 2.3% in the 3rd quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company's stock worth $465,000 after purchasing an additional 59 shares in the last quarter. Finally, MRA Advisory Group lifted its holdings in Analog Devices by 2.5% in the 3rd quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company's stock worth $444,000 after purchasing an additional 61 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Sanford C. Bernstein cut Analog Devices from an "outperform" rating to a "market perform" rating and set a $200.00 price target on the stock. in a report on Thursday, January 4th. KeyCorp lifted their price objective on Analog Devices from $220.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Barclays lifted their price objective on Analog Devices from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 16th. Wolfe Research raised Analog Devices from a "peer perform" rating to an "outperform" rating and set a $225.00 price objective on the stock in a research note on Thursday, January 18th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $215.00 price objective on shares of Analog Devices in a research note on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and a consensus price target of $208.17.

Insiders Place Their Bets

In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of the firm's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the sale, the executive vice president now owns 5,745 shares of the company's stock, valued at $1,134,982.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, February 1st. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction on Thursday, April 4th. The shares were 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 $1,134,982.20. The disclosure for this sale can be found here. Insiders sold a total of 24,707 shares of company stock valued at $4,825,113 over the last quarter. 0.31% of the stock is owned by insiders.

Analog Devices Stock Performance

Shares of ADI stock traded up $6.57 during mid-day trading on Wednesday, reaching $196.50. The stock had a trading volume of 6,523,668 shares, compared to its average volume of 3,398,446. The business's fifty day moving average is $192.97 and its 200-day moving average is $187.00. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The firm has a market cap of $97.45 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 4.67 and a beta of 1.17. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $204.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $2.75 earnings per share. The firm's revenue was down 22.7% compared to the same quarter last year. On average, research analysts forecast that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.92 per share. This is a boost from Analog Devices's previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 annualized dividend and a yield of 1.87%. Analog Devices's dividend payout ratio (DPR) is 65.83%.

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.