Analog Devices, Inc. (NASDAQ:ADI) Shares Purchased by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 166.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,762 shares of the semiconductor company’s stock after acquiring an additional 4,228 shares during the period. Nixon Peabody Trust Co.’s holdings in Analog Devices were worth $1,343,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. increased its stake in Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after buying an additional 65 shares during the period. USA Financial Formulas lifted its stake in shares of Analog Devices by 87.8% in the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 65 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in Analog Devices in the third quarter valued at about $29,000. Cetera Trust Company N.A acquired a new stake in Analog Devices during the 4th quarter valued at approximately $29,000. Finally, Private Wealth Management Group LLC purchased a new stake in Analog Devices during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In related news, Director James Champy sold 1,228 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director James Champy sold 1,228 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the transaction, the director now directly owns 6,371 shares in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares in the company, valued at $10,057,745.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,707 shares of company stock worth $4,874,613. 0.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ADI has been the subject of several research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Thursday. Cantor Fitzgerald upped their price target on Analog Devices from $205.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Susquehanna lifted their price objective on shares of Analog Devices from $230.00 to $280.00 and gave the stock a “positive” rating in a report on Thursday. KeyCorp increased their target price on shares of Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Morgan Stanley lifted their price target on shares of Analog Devices from $221.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $239.42.

Analog Devices Stock Down 0.9 %

ADI traded down $2.05 during trading on Friday, reaching $232.51. 4,543,302 shares of the stock traded hands, compared to its average volume of 3,382,594. The stock’s 50-day simple moving average is $199.92 and its two-hundred day simple moving average is $193.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 0.98. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $241.88. The stock has a market cap of $115.38 billion, a price-to-earnings ratio of 54.80, a price-to-earnings-growth ratio of 6.03 and a beta of 1.14.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.14. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company’s revenue was down 33.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.83 earnings per share. As a group, equities research analysts expect that Analog Devices, Inc. will post 5.86 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, June 4th. Analog Devices’s payout ratio is 85.98%.

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.