Smartleaf Asset Management LLC Increases Stock Position in Analog Devices, Inc. $ADI

Smartleaf Asset Management LLC lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 32.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,808 shares of the semiconductor company’s stock after purchasing an additional 2,136 shares during the period. Smartleaf Asset Management LLC’s holdings in Analog Devices were worth $2,156,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ADI. Howard Hughes Medical Institute acquired a new stake in Analog Devices during the 2nd quarter valued at $25,000. Clayton Financial Group LLC purchased a new stake in shares of Analog Devices in the third quarter valued at $31,000. LFA Lugano Financial Advisors SA boosted its stake in shares of Analog Devices by 92.9% during the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. Valley Wealth Managers Inc. purchased a new stake in Analog Devices during the 3rd quarter worth about $38,000. Finally, Sound Income Strategies LLC raised its stake in 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 purchasing an additional 95 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $320.45 on Monday. The business’s fifty day moving average price is $290.44 and its 200 day moving average price is $257.41. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $327.75. 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 stock has a market capitalization of $156.58 billion, a P/E ratio of 70.27, a PEG ratio of 1.74 and a beta of 1.03.

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

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is currently 86.84%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ADI. Benchmark reiterated a “buy” rating and set a $285.00 price target on shares of Analog Devices in a report on Wednesday, November 26th. Sanford C. Bernstein restated a “market perform” rating and set a $270.00 target price on shares of Analog Devices in a research report on Wednesday, November 26th. Bank of America boosted their price target on Analog Devices from $320.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. UBS Group set a $350.00 price objective on Analog Devices in a report on Wednesday, January 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $314.00 price objective on shares of Analog Devices in a research report on Friday, January 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and an average price target of $312.04.

Insider Buying and Selling

In related news, SVP Katsufumi Nakamura sold 500 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $301.46, for a total value of $150,730.00. Following the completion of the sale, the senior vice president directly owned 12,710 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $317.30, for a total value of $991,562.50. Following the transaction, the director owned 123,821 shares in the company, valued at approximately $39,288,403.30. This represents a 2.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 53,544 shares of company stock valued at $15,320,417. 0.36% of the stock is owned by corporate insiders.

Analog Devices Company 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.