Raleigh Capital Management Inc. Buys 1,810 Shares of Analog Devices, Inc. $ADI

Raleigh Capital Management Inc. grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3,120.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,868 shares of the semiconductor company’s stock after acquiring an additional 1,810 shares during the period. Raleigh Capital Management Inc.’s holdings in Analog Devices were worth $459,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ADI. Brighton Jones LLC increased its holdings in Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 529 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Analog Devices by 36.0% during the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock valued at $417,000 after buying an additional 464 shares during the period. Simplicity Wealth LLC increased its stake in shares of Analog Devices by 194.7% during the second quarter. Simplicity Wealth LLC now owns 3,757 shares of the semiconductor company’s stock valued at $894,000 after buying an additional 2,482 shares during the period. Merit Financial Group LLC raised its holdings in shares of Analog Devices by 58.3% in the second quarter. Merit Financial Group LLC now owns 14,769 shares of the semiconductor company’s stock valued at $3,515,000 after acquiring an additional 5,438 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in Analog Devices by 1.2% in the second quarter. Valeo Financial Advisors LLC now owns 4,794 shares of the semiconductor company’s stock worth $1,141,000 after acquiring an additional 59 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Down 1.8%

Shares of ADI stock opened at $311.29 on Wednesday. The stock’s fifty day moving average price is $286.81 and its 200 day moving average price is $255.58. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $321.23. The company has a market cap of $152.11 billion, a price-to-earnings ratio of 68.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68.

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

Analog Devices Announces Dividend

The business also recently announced 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 1.3%. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Wall Street Analyst Weigh In

ADI has been the topic of a number of research reports. Benchmark reissued a “buy” rating and set a $285.00 target price on shares of Analog Devices in a research report on Wednesday, November 26th. Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price objective on shares of Analog Devices in a research note on Tuesday, December 16th. Morgan Stanley reissued an “overweight” rating and issued a $314.00 price objective on shares of Analog Devices in a research note on Friday, January 16th. Barclays set a $315.00 target price on Analog Devices in a report on Thursday, January 15th. Finally, UBS Group set a $350.00 price target on Analog Devices in a report on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $312.04.

Insider Activity at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the transaction, the senior vice president owned 49,664 shares in the company, valued at approximately $13,828,444.16. This represents a 16.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the completion of the transaction, the chief executive officer directly owned 155,688 shares of the company’s stock, valued at approximately $47,783,760.96. This represents a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 50,419 shares of company stock worth $14,328,855 in the last 90 days. 0.36% of the stock is owned by insiders.

Analog Devices Profile

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.