Lecap Asset Management Ltd. Takes $1.32 Million Position in Analog Devices, Inc. $ADI

Lecap Asset Management Ltd. acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,363 shares of the semiconductor company’s stock, valued at approximately $1,318,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Analog Devices in the second quarter valued at approximately $1,803,377,000. Marshall Wace LLP grew its position in Analog Devices by 948.2% in the second quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock valued at $258,487,000 after purchasing an additional 982,385 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Analog Devices by 47.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,745,985 shares of the semiconductor company’s stock valued at $653,599,000 after buying an additional 882,909 shares during the last quarter. Vanguard Group Inc. increased its stake in Analog Devices by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock valued at $11,955,086,000 after buying an additional 761,861 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Analog Devices by 684.6% during the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock worth $211,871,000 after buying an additional 752,411 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADI. Wells Fargo & Company raised their price objective on Analog Devices from $250.00 to $265.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Wall Street Zen cut Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Morgan Stanley boosted their price target on Analog Devices from $288.00 to $293.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. BNP Paribas initiated coverage on Analog Devices in a research note on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price objective on the stock. Finally, Benchmark reissued a “buy” rating and issued a $285.00 price objective on shares of Analog Devices in a report on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $287.22.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $279.39, for a total transaction of $873,093.75. Following the completion of the sale, the director directly owned 136,321 shares in the company, valued at $38,086,724.19. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Michael Sondel sold 8,169 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total value of $2,271,227.07. Following the transaction, the chief accounting officer owned 18,913 shares in the company, valued at approximately $5,258,381.39. This trade represents a 30.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,419 shares of company stock valued at $10,319,877 in the last 90 days. Insiders own 0.33% of the company’s stock.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $292.89 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $143.41 billion, a P/E ratio of 64.23, a P/E/G ratio of 1.62 and a beta of 1.03. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $294.15. The stock has a 50 day moving average of $259.99 and a 200-day moving average of $247.01.

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

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were paid a $0.99 dividend. The ex-dividend date was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.4%. Analog Devices’s dividend payout ratio is 86.84%.

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.