Analog Devices, Inc. (NASDAQ:ADI) Shares Purchased by Little House Capital LLC

Little House Capital LLC increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,424 shares of the semiconductor company’s stock after purchasing an additional 252 shares during the period. Little House Capital LLC’s holdings in Analog Devices were worth $1,474,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ADI. Patriot Financial Group Insurance Agency LLC raised its position in shares of Analog Devices by 37.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,635 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 715 shares during the last quarter. Ropes Wealth Advisors LLC raised its holdings in Analog Devices by 16.1% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 2,480 shares of the semiconductor company’s stock valued at $434,000 after acquiring an additional 343 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Analog Devices by 3.1% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 2,083 shares of the semiconductor company’s stock valued at $365,000 after acquiring an additional 62 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in Analog Devices by 27.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 4,124 shares of the semiconductor company’s stock valued at $722,000 after acquiring an additional 890 shares during the last quarter. Finally, Golden State Equity Partners raised its holdings in Analog Devices by 10.5% in the 3rd quarter. Golden State Equity Partners now owns 1,971 shares of the semiconductor company’s stock valued at $345,000 after acquiring an additional 188 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ADI shares. The Goldman Sachs Group boosted their price target on Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Evercore ISI initiated coverage on Analog Devices in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 target price on the stock. KeyCorp increased their target price on Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Barclays increased their target price on Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $205.00 target price on shares of Analog Devices in a research report on Monday, March 4th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.17.

Analog Devices Stock Performance

Shares of ADI traded up $4.03 during mid-day trading on Friday, reaching $201.97. 3,136,261 shares of the company’s stock traded hands, compared to its average volume of 3,090,032. The business’s 50-day moving average price is $193.45 and its 200-day moving average price is $187.36. The stock has a market capitalization of $100.16 billion, a P/E ratio of 36.13, a price-to-earnings-growth ratio of 5.07 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $204.20.

Analog Devices (NASDAQ:ADI) 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. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.75 earnings per share. Equities analysts predict that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The business 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. The ex-dividend date was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.82%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s dividend payout ratio (DPR) is 65.83%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, 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 transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, 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 owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction 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 approximately $1,097,524.43. The disclosure for this sale can be found here. Insiders sold 24,707 shares of company stock valued at $4,825,113 in the last quarter. Company insiders own 0.31% of the company’s stock.

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.