Lido Advisors LLC grew its stake in Analog Devices, Inc. (NASDAQ:ADI) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,755 shares of the semiconductor company’s stock after acquiring an additional 813 shares during the period. Analog Devices accounts for 1.6% of Lido Advisors LLC’s holdings, making the stock its 14th biggest holding. Lido Advisors LLC’s holdings in Analog Devices were worth $10,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Washington Trust Bank boosted its stake in shares of Analog Devices by 127.7% during the second quarter. Washington Trust Bank now owns 1,070 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 600 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in shares of Analog Devices during the second quarter valued at approximately $130,000. Clarus Wealth Advisors bought a new position in shares of Analog Devices during the second quarter valued at approximately $139,000. Massey Quick Simon & CO. LLC boosted its stake in shares of Analog Devices by 98.8% during the first quarter. Massey Quick Simon & CO. LLC now owns 1,660 shares of the semiconductor company’s stock valued at $151,000 after purchasing an additional 825 shares in the last quarter. Finally, Gables Capital Management Inc. bought a new position in shares of Analog Devices during the first quarter valued at approximately $173,000. Institutional investors and hedge funds own 88.26% of the company’s stock.

ADI has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Thursday, August 23rd. Raymond James increased their target price on shares of Analog Devices from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, August 23rd. BidaskClub cut shares of Analog Devices from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 18th. Deutsche Bank increased their target price on shares of Analog Devices from $87.00 to $93.00 and gave the company a “hold” rating in a research report on Thursday, May 31st. Finally, Credit Suisse Group increased their target price on shares of Analog Devices from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, May 31st. Seven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $107.00.

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $97.19, for a total value of $971,900.00. Following the completion of the transaction, the chief executive officer now owns 27,376 shares of the company’s stock, valued at $2,660,673.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ray Stata sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $100.30, for a total transaction of $2,006,000.00. Following the completion of the transaction, the director now directly owns 171,936 shares of the company’s stock, valued at approximately $17,245,180.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,655 shares of company stock valued at $10,425,833. Corporate insiders own 1.10% of the company’s stock.

NASDAQ ADI opened at $97.09 on Friday. The firm has a market capitalization of $36.38 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.34 and a beta of 1.18. Analog Devices, Inc. has a 12-month low of $80.10 and a 12-month high of $103.59. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.58 and a quick ratio of 1.16.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 22nd. The semiconductor company reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.07. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Analog Devices had a net margin of 22.94% and a return on equity of 20.89%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $1.26 earnings per share. equities analysts anticipate that Analog Devices, Inc. will post 5.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Friday, August 31st will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.98%. Analog Devices’s dividend payout ratio is currently 40.68%.

Analog Devices announced that its board has authorized a share buyback program on Tuesday, August 21st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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