CWM Advisors LLC grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,504 shares of the semiconductor company’s stock after purchasing an additional 663 shares during the quarter. Analog Devices makes up about 0.5% of CWM Advisors LLC’s investment portfolio, making the stock its 26th largest position. CWM Advisors LLC’s holdings in Analog Devices were worth $816,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mondrian Capital Management LLC bought a new position in Analog Devices during the 4th quarter worth approximately $86,000. Invictus RG bought a new position in Analog Devices during the 3rd quarter worth approximately $343,000. Riverbridge Partners LLC grew its position in Analog Devices by 50.6% during the 4th quarter. Riverbridge Partners LLC now owns 466,195 shares of the semiconductor company’s stock worth $40,014,000 after acquiring an additional 156,634 shares during the last quarter. Professional Advisory Services Inc. grew its position in Analog Devices by 1.4% during the 4th quarter. Professional Advisory Services Inc. now owns 153,384 shares of the semiconductor company’s stock worth $13,165,000 after acquiring an additional 2,171 shares during the last quarter. Finally, Coastline Trust Co grew its position in Analog Devices by 2.3% during the 4th quarter. Coastline Trust Co now owns 13,166 shares of the semiconductor company’s stock worth $1,130,000 after acquiring an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 91.20% of the company’s stock.

ADI opened at $104.96 on Thursday. The company has a market capitalization of $39.45 billion, a PE ratio of 17.67, a PEG ratio of 1.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 1.64. Analog Devices, Inc. has a 52 week low of $76.62 and a 52 week high of $111.12.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.05. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Analog Devices had a return on equity of 19.99% and a net margin of 25.42%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 earnings per share. As a group, research analysts expect that Analog Devices, Inc. will post 5.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Friday, March 1st were paid a dividend of $0.54 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, February 28th. This represents a $2.16 dividend on an annualized basis and a yield of 2.06%. Analog Devices’s payout ratio is presently 36.36%.

In related news, SVP Steve Pietkiewicz sold 4,575 shares of Analog Devices stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $110.52, for a total value of $505,629.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Martin Cotter sold 1,244 shares of Analog Devices stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $108.39, for a total value of $134,837.16. Following the completion of the sale, the senior vice president now directly owns 173 shares of the company’s stock, valued at approximately $18,751.47. The disclosure for this sale can be found here. In the last three months, insiders sold 94,654 shares of company stock valued at $9,963,524. Corporate insiders own 0.50% of the company’s stock.

Several equities research analysts have weighed in on ADI shares. Zacks Investment Research upgraded Analog Devices from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Royal Bank of Canada cut Analog Devices from an “outperform” rating to a “sector perform” rating and set a $81.00 price objective for the company. in a report on Friday, January 4th. Bank of America cut Analog Devices from a “buy” rating to a “neutral” rating in a report on Friday, January 4th. ValuEngine upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Finally, Piper Jaffray Companies reiterated an “outperform” rating and issued a $112.00 price objective on shares of Analog Devices in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $102.86.

ILLEGAL ACTIVITY NOTICE: “CWM Advisors LLC Purchases 663 Shares of Analog Devices, Inc. (ADI)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/cwm-advisors-llc-purchases-663-shares-of-analog-devices-inc-adi/2923424.html.

Analog Devices Company Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

Featured Article: Why does a company issue an IPO?

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.