New England Research & Management Inc. increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 38.4% in the 4th quarter, Holdings Channel reports. The fund owned 21,892 shares of the semiconductor company’s stock after purchasing an additional 6,075 shares during the period. Analog Devices accounts for about 1.4% of New England Research & Management Inc.’s holdings, making the stock its 15th biggest position. New England Research & Management Inc.’s holdings in Analog Devices were worth $1,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pathstone Family Office LLC increased its holdings in Analog Devices by 75.0% in the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after acquiring an additional 15 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its stake in Analog Devices by 0.4% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 10,440 shares of the semiconductor company’s stock worth $812,000 after purchasing an additional 40 shares during the period. Simmons Bank boosted its stake in Analog Devices by 0.8% in the 2nd quarter. Simmons Bank now owns 7,134 shares of the semiconductor company’s stock worth $555,000 after purchasing an additional 59 shares during the period. Advisory Services Network LLC boosted its stake in Analog Devices by 3.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,349 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 100 shares during the period. Finally, North Star Asset Management Inc. boosted its stake in Analog Devices by 3.8% in the 2nd quarter. North Star Asset Management Inc. now owns 2,878 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 106 shares during the period. 86.98% of the stock is owned by institutional investors.

ADI has been the subject of several analyst reports. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Tuesday, October 10th. B. Riley restated a “buy” rating and issued a $113.00 target price (up previously from $110.00) on shares of Analog Devices in a research note on Thursday, November 16th. Oppenheimer restated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research note on Friday, November 17th. Stifel Nicolaus raised their target price on Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Morgan Stanley restated an “overweight” rating and issued a $98.00 target price on shares of Analog Devices in a research note on Wednesday, September 20th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $96.72.

In related news, SVP Gregory N. Henderson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $91.52, for a total value of $366,080.00. Following the completion of the sale, the senior vice president now owns 1,163 shares in the company, valued at approximately $106,437.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Yusuf Jamal sold 718 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $90.89, for a total value of $65,259.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,566 shares of company stock valued at $15,473,748. Corporate insiders own 1.10% of the company’s stock.

Shares of Analog Devices, Inc. (NASDAQ:ADI) traded up $0.16 on Tuesday, hitting $91.83. The stock had a trading volume of 1,907,300 shares, compared to its average volume of 1,987,740. The company has a market cap of $33,770.00, a P/E ratio of 46.38, a PEG ratio of 1.70 and a beta of 1.29. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74. Analog Devices, Inc. has a 12-month low of $71.00 and a 12-month high of $93.99.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.09. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter last year, the company posted $1.05 EPS. equities research analysts expect that Analog Devices, Inc. will post 5.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.96%. Analog Devices’s dividend payout ratio (DPR) is presently 90.91%.

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About Analog Devices

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

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

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