MCF Advisors LLC Boosts Position in Analog Devices, Inc. (NASDAQ:ADI)

MCF Advisors LLC grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 448 shares of the semiconductor company’s stock after buying an additional 61 shares during the period. MCF Advisors LLC’s holdings in Analog Devices were worth $89,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. grew its stake in Analog Devices by 101.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 65 shares during the period. Silver Oak Securities Incorporated purchased a new stake in Analog Devices in the third quarter worth $29,000. Cetera Trust Company N.A purchased a new stake in Analog Devices in the fourth quarter worth $29,000. Northwest Capital Management Inc grew its stake in Analog Devices by 519.2% in the fourth quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 135 shares during the period. Finally, CGC Financial Services LLC purchased a new stake in Analog Devices in the fourth quarter worth $37,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Up 1.6 %

ADI stock opened at $186.31 on Tuesday. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $204.20. The business’s 50-day moving average is $192.66 and its two-hundred day moving average is $186.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The company has a market cap of $92.39 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 4.60 and a beta of 1.17.

Analog Devices (NASDAQ:ADI) last posted its 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 the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. Analog Devices’s revenue was down 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.75 earnings per share. As a group, analysts forecast that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were given a $0.92 dividend. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.98%. Analog Devices’s dividend payout ratio is presently 65.83%.

Insiders Place Their Bets

In other Analog Devices news, Director James Champy sold 1,228 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Vivek Jain sold 3,479 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the sale, the executive vice president now owns 5,745 shares in the company, valued at $1,134,982.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Champy sold 1,228 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the sale, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. Insiders sold a total of 24,707 shares of company stock worth $4,825,113 over the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ADI has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $212.00 price target on shares of Analog Devices in a research note on Thursday, April 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $205.00 target price on shares of Analog Devices in a report on Monday, March 4th. Wolfe Research raised Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 target price on the stock in a report on Thursday, January 18th. The Goldman Sachs Group boosted their target price on Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, KeyCorp upped their price target on Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.17.

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.