Empowered Funds LLC Buys 528 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Empowered Funds LLC raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,203 shares of the semiconductor company’s stock after buying an additional 528 shares during the period. Empowered Funds LLC’s holdings in Analog Devices were worth $3,600,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ADI. Pinnacle Bancorp Inc. increased its stake in shares of 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. USA Financial Formulas increased its stake in shares of Analog Devices by 87.8% in the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 65 shares during the period. Cetera Trust Company N.A bought a new position in shares of Analog Devices in the fourth quarter worth about $29,000. Private Wealth Management Group LLC acquired a new stake in Analog Devices during the fourth quarter worth about $29,000. Finally, Riverview Trust Co acquired a new stake in Analog Devices during the first quarter worth about $30,000. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Trading Up 2.1 %

Shares of Analog Devices stock traded up $4.82 on Friday, hitting $238.56. 3,105,747 shares of the company’s stock traded hands, compared to its average volume of 2,518,862. The firm’s 50-day moving average price is $227.19 and its two-hundred day moving average price is $205.06. The stock has a market capitalization of $118.38 billion, a PE ratio of 55.74, a price-to-earnings-growth ratio of 3.94 and a beta of 1.08. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $242.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.26 by $0.14. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the company posted $2.83 EPS. The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. On average, research analysts expect that Analog Devices, Inc. will post 6.24 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Tuesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. UBS Group lifted their target price on Analog Devices from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Robert W. Baird lifted their price objective on Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Oppenheimer lifted their price objective on Analog Devices from $215.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Finally, Jefferies Financial Group assumed coverage on Analog Devices in a report on Monday, May 13th. They set a “buy” rating and a $250.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and an average target price of $243.23.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total value of $1,970,600.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $10,057,745.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Gregory M. Bryant sold 17,612 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the completion of the transaction, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at approximately $16,198,239.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The disclosure for this sale can be found here. Insiders sold 46,642 shares of company stock valued at $10,481,343 in the last quarter. Company insiders own 0.31% of the company’s stock.

Analog Devices Company Profile

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.