PFS Partners LLC Takes $75,000 Position in Analog Devices, Inc. (NASDAQ:ADI)

PFS Partners LLC bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 370 shares of the semiconductor company’s stock, valued at approximately $75,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Midwest Professional Planners LTD. boosted its position in shares of Analog Devices by 0.6% during the 4th quarter. Midwest Professional Planners LTD. now owns 9,296 shares of the semiconductor company’s stock valued at $1,975,000 after acquiring an additional 53 shares in the last quarter. Portland Global Advisors LLC grew its stake in shares of Analog Devices by 1.3% in the 4th quarter. Portland Global Advisors LLC now owns 4,014 shares of the semiconductor company’s stock valued at $853,000 after purchasing an additional 53 shares during the period. NTV Asset Management LLC raised its holdings in shares of Analog Devices by 2.7% in the 4th quarter. NTV Asset Management LLC now owns 2,063 shares of the semiconductor company’s stock worth $438,000 after buying an additional 54 shares in the last quarter. Cassady Schiller Wealth Management LLC lifted its position in shares of Analog Devices by 63.2% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock worth $30,000 after buying an additional 55 shares during the period. Finally, Lindbrook Capital LLC boosted its stake in Analog Devices by 1.3% in the 4th quarter. Lindbrook Capital LLC now owns 5,243 shares of the semiconductor company’s stock valued at $1,114,000 after buying an additional 65 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ADI has been the subject of several recent analyst reports. Wells Fargo & Company reiterated a “positive” rating on shares of Analog Devices in a research note on Friday, May 23rd. Evercore ISI boosted their price target on shares of Analog Devices from $231.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, May 23rd. Citigroup raised their price objective on shares of Analog Devices from $235.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 19th. TD Cowen lifted their target price on shares of Analog Devices from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, Lake Street Capital assumed coverage on Analog Devices in a research report on Friday, February 14th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average target price of $248.63.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total value of $2,091,200.00. Following the completion of the transaction, the chief executive officer now directly owns 64,918 shares of the company’s stock, valued at approximately $13,575,652.16. The trade was a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total value of $563,156.25. Following the sale, the director now directly owns 186,321 shares in the company, valued at approximately $33,576,907.41. This represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,934 shares of company stock valued at $8,735,156. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Stock Up 1.9%

Shares of Analog Devices stock opened at $222.26 on Monday. The business has a fifty day simple moving average of $199.58 and a 200 day simple moving average of $210.29. The stock has a market cap of $110.30 billion, a PE ratio of 70.78, a price-to-earnings-growth ratio of 2.85 and a beta of 1.00. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.15. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.40 earnings per share. Research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Wednesday, June 4th. Analog Devices’s dividend payout ratio is currently 107.90%.

Analog Devices declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 18th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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.