Inscription Capital LLC Buys Shares of 1,993 Analog Devices, Inc. $ADI

Inscription Capital LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,993 shares of the semiconductor company’s stock, valued at approximately $490,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADI. Howard Hughes Medical Institute bought a new position in shares of Analog Devices in the second quarter worth about $25,000. RMG Wealth Management LLC acquired a new stake in Analog Devices during the second quarter worth $26,000. Clayton Financial Group LLC bought a new stake in Analog Devices in the 3rd quarter valued at $31,000. Sound Income Strategies LLC raised its stake in shares of Analog Devices by 141.8% in the 3rd quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 95 shares in the last quarter. Finally, Access Investment Management LLC bought a new position in shares of Analog Devices during the 2nd quarter worth about $45,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BNP Paribas Exane assumed coverage on Analog Devices in a report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 target price for the company. Robert W. Baird upped their price target on Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Morgan Stanley reissued an “overweight” rating and set a $314.00 target price on shares of Analog Devices in a report on Friday, January 16th. JPMorgan Chase & Co. upped their target price on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Finally, Susquehanna increased their target price on Analog Devices from $350.00 to $360.00 and gave the company a “positive” rating in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $312.04.

Analog Devices Stock Performance

NASDAQ:ADI opened at $308.52 on Friday. The stock has a market cap of $151.07 billion, a P/E ratio of 67.66, a PEG ratio of 1.65 and a beta of 1.03. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $274.55 and its two-hundred day moving average price is $251.60. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $313.19.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the firm posted $1.67 EPS. Analog Devices’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, equities analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is 86.84%.

Insider Transactions at Analog Devices

In related news, SVP Katsufumi Nakamura sold 500 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $301.46, for a total transaction of $150,730.00. Following the sale, the senior vice president directly owned 12,710 shares of the company’s stock, valued at approximately $3,831,556.60. This represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Martin Cotter sold 10,000 shares of Analog Devices stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the completion of the transaction, the senior vice president directly owned 49,664 shares of the company’s stock, valued at $13,828,444.16. This trade represents a 16.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 53,544 shares of company stock worth $14,328,561. 0.33% of the stock is owned by insiders.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.