ORBA Wealth Advisors L.L.C. Takes Position in Analog Devices, Inc. (NASDAQ:ADI)

ORBA Wealth Advisors L.L.C. bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,574 shares of the semiconductor company’s stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. NBC Securities Inc. acquired a new position in Analog Devices in the 3rd quarter valued at approximately $123,000. Sigma Planning Corp increased its stake in Analog Devices by 18.9% in the 3rd quarter. Sigma Planning Corp now owns 2,540 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 404 shares during the period. Savant Capital LLC increased its stake in Analog Devices by 7.5% in the 3rd quarter. Savant Capital LLC now owns 4,721 shares of the semiconductor company’s stock valued at $827,000 after buying an additional 328 shares during the period. Jump Financial LLC acquired a new position in shares of Analog Devices during the 3rd quarter worth $500,000. Finally, Financial Counselors Inc. increased its stake in shares of Analog Devices by 5.9% during the 3rd quarter. Financial Counselors Inc. now owns 3,486 shares of the semiconductor company’s stock worth $610,000 after purchasing an additional 193 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In related news, Director James Champy sold 1,228 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now directly owns 6,371 shares in the company, valued at $1,259,164.44. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director James Champy sold 1,228 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now directly owns 6,371 shares in the company, valued at $1,259,164.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michael Sondel sold 4,830 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $236.58, for a total transaction of $1,142,681.40. Following the transaction, the chief accounting officer now owns 10,547 shares in the company, valued at $2,495,209.26. The disclosure for this sale can be found here. Insiders have sold a total of 33,737 shares of company stock valued at $6,998,205 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ADI. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research note on Thursday, May 23rd. UBS Group increased their price target on shares of Analog Devices from $225.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Barclays increased their price target on shares of Analog Devices from $185.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, May 20th. Cantor Fitzgerald increased their price target on shares of Analog Devices from $205.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. Finally, Bank of America increased their price target on shares of Analog Devices from $225.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $243.23.

Get Our Latest Stock Report on Analog Devices

Analog Devices Stock Up 2.0 %

ADI traded up $4.49 during trading on Friday, reaching $234.49. The company had a trading volume of 6,460,149 shares, compared to its average volume of 3,202,168. 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, Inc. has a 12 month low of $154.99 and a 12 month high of $241.88. The business’s fifty day moving average price is $204.54 and its 200 day moving average price is $195.77. The company has a market cap of $116.36 billion, a P/E ratio of 54.79, a PEG ratio of 3.97 and a beta of 1.14.

Analog Devices (NASDAQ:ADIGet Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.14. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the firm posted $2.83 earnings per share. The business’s revenue was down 33.8% on a year-over-year basis. Equities analysts anticipate that Analog Devices, Inc. will post 6.22 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Tuesday, June 4th. Analog Devices’s dividend payout ratio is presently 85.98%.

Analog Devices Profile

(Free Report)

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.

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

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