Unique Wealth Strategies LLC Buys New Shares in Analog Devices, Inc. (NASDAQ:ADI)

Unique Wealth Strategies LLC bought a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,915 shares of the semiconductor company's stock, valued at approximately $777,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its stake in shares of Analog Devices by 21.8% in the 4th quarter. Russell Investments Group Ltd. now owns 436,066 shares of the semiconductor company's stock valued at $86,701,000 after purchasing an additional 78,165 shares during the period. Private Wealth Partners LLC lifted its stake in shares of Analog Devices by 0.6% in the 4th quarter. Private Wealth Partners LLC now owns 28,179 shares of the semiconductor company's stock valued at $5,595,000 after purchasing an additional 170 shares during the period. Stuart Chaussee & Associates Inc. purchased a new position in shares of Analog Devices in the 4th quarter valued at approximately $32,000. Gilliland Jeter Wealth Management LLC purchased a new position in Analog Devices during the fourth quarter valued at $346,000. Finally, Golden State Equity Partners raised its stake in Analog Devices by 11.3% during the fourth quarter. Golden State Equity Partners now owns 2,194 shares of the semiconductor company's stock valued at $436,000 after buying an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

NASDAQ:ADI traded up $4.03 during mid-day trading on Friday, hitting $201.97. 3,136,261 shares of the company traded hands, compared to its average volume of 3,090,032. The stock's fifty day moving average price is $193.45 and its 200-day moving average price is $187.36. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $204.20. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. The firm has a market cap of $100.16 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 4.97 and a beta of 1.17.

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 (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the company posted $2.75 earnings per share. Analog Devices's revenue for the quarter was down 22.7% on a year-over-year basis. Research analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.82%. This is an increase from Analog Devices's previous quarterly dividend of $0.86. The ex-dividend date was Monday, March 4th. Analog Devices's payout ratio is presently 65.83%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ADI shares. Wolfe Research upgraded Analog Devices from a "peer perform" rating to an "outperform" rating and set a $225.00 price objective for the company in a research note on Thursday, January 18th. Cantor Fitzgerald reiterated a "neutral" rating and set a $205.00 price objective on shares of Analog Devices in a research note on Monday, March 4th. KeyCorp lifted their price objective on Analog Devices from $220.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. Sanford C. Bernstein cut Analog Devices from an "outperform" rating to a "market perform" rating and set a $200.00 price objective for the company. in a research note on Thursday, January 4th. Finally, Morgan Stanley restated an "overweight" rating and issued a $212.00 price target on shares of Analog Devices in a research note on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $208.17.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 5,713 shares in the company, valued at $1,097,524.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 5,713 shares in the company, valued at $1,097,524.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Champy sold 1,228 shares of the business's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The disclosure for this sale can be found here. Insiders have sold 24,707 shares of company stock worth $4,825,113 over the last ninety days. Corporate insiders own 0.31% of the company's stock.

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.