Checchi Capital Advisers LLC Purchases 377 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Checchi Capital Advisers LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI – Get Rating) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,966 shares of the semiconductor company’s stock after acquiring an additional 377 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Analog Devices were worth $985,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADI. Hanson & Doremus Investment Management boosted its holdings in shares of Analog Devices by 132.7% during the first quarter. Hanson & Doremus Investment Management now owns 228 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 130 shares during the period. IronBridge Private Wealth LLC lifted its holdings in Analog Devices by 516.7% in the fourth quarter. IronBridge Private Wealth LLC now owns 222 shares of the semiconductor company’s stock worth $39,000 after buying an additional 186 shares during the period. Lloyd Advisory Services LLC. lifted its holdings in Analog Devices by 14,400.0% in the first quarter. Lloyd Advisory Services LLC. now owns 290 shares of the semiconductor company’s stock worth $48,000 after buying an additional 288 shares during the period. JFS Wealth Advisors LLC lifted its holdings in Analog Devices by 97.0% in the first quarter. JFS Wealth Advisors LLC now owns 323 shares of the semiconductor company’s stock worth $53,000 after buying an additional 159 shares during the period. Finally, Wagner Wealth Management LLC purchased a new stake in Analog Devices in the fourth quarter worth about $60,000. 86.15% of the stock is owned by institutional investors.

Analog Devices Stock Performance

Analog Devices stock opened at $177.25 on Friday. The company’s 50-day moving average price is $157.13 and its 200-day moving average price is $158.67. Analog Devices, Inc. has a twelve month low of $138.50 and a twelve month high of $191.95. The company has a quick ratio of 1.53, a current ratio of 1.99 and a debt-to-equity ratio of 0.17. The company has a market cap of $92.14 billion, a PE ratio of 50.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13.

Analog Devices (NASDAQ:ADI – Get Rating) last issued its quarterly earnings results on Wednesday, May 18th. The semiconductor company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.12 by $0.28. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.84 billion. Analog Devices had a net margin of 16.84% and a return on equity of 12.11%. The firm’s revenue was up 78.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 EPS. On average, equities research analysts forecast that Analog Devices, Inc. will post 9.23 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 9th. Stockholders of record on Tuesday, May 31st were given a $0.76 dividend. The ex-dividend date was Friday, May 27th. This represents a $3.04 annualized dividend and a dividend yield of 1.72%. Analog Devices’s payout ratio is presently 86.12%.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Bruce R. Evans purchased 3,650 shares of the stock in a transaction dated Friday, June 17th. The stock was purchased at an average price of $144.16 per share, with a total value of $526,184.00. Following the transaction, the director now owns 104,008 shares of the company’s stock, valued at $14,993,793.28. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Bruce R. Evans bought 3,650 shares of the firm’s stock in a transaction that occurred on Friday, June 17th. The stock was bought at an average price of $144.16 per share, with a total value of $526,184.00. Following the completion of the transaction, the director now directly owns 104,008 shares of the company’s stock, valued at approximately $14,993,793.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward H. Frank sold 1,435 shares of the stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $166.90, for a total transaction of $239,501.50. Following the sale, the director now directly owns 2,525 shares of the company’s stock, valued at approximately $421,422.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,236 shares of company stock valued at $4,360,291. Company insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Oppenheimer restated an “outperform” rating and issued a $210.00 price objective on shares of Analog Devices in a report on Thursday, June 23rd. Morgan Stanley decreased their target price on shares of Analog Devices from $186.00 to $173.00 and set an “equal weight” rating for the company in a research note on Friday, June 10th. UBS Group decreased their target price on shares of Analog Devices to $210.00 and set a “hold” rating for the company in a research note on Thursday, May 19th. Sanford C. Bernstein raised their target price on shares of Analog Devices to $200.00 and gave the company an “outperform” rating in a research note on Thursday, May 19th. Finally, Bank of America decreased their target price on shares of Analog Devices from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, June 29th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.79.

Analog Devices Company Profile

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Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.