Westfield Capital Management Co. LP acquired a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 535,239 shares of the semiconductor company’s stock, valued at approximately $56,345,000.

Other hedge funds also recently bought and sold shares of the company. PRW Wealth Management LLC bought a new position in Analog Devices during the fourth quarter valued at approximately $27,000. Bruderman Asset Management LLC bought a new position in Analog Devices during the fourth quarter valued at approximately $31,000. Berman Capital Advisors LLC grew its position in Analog Devices by 43.8% during the first quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 91 shares during the last quarter. Liberty Wealth Management LLC bought a new position in Analog Devices during the fourth quarter valued at approximately $33,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in Analog Devices during the fourth quarter valued at approximately $34,000. Institutional investors own 89.64% of the company’s stock.

In related news, SVP Yusuf Jamal sold 31,867 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $98.19, for a total value of $3,129,020.73. Following the completion of the sale, the senior vice president now owns 2,124 shares of the company’s stock, valued at $208,555.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Champy sold 4,250 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $115.04, for a total value of $488,920.00. Following the completion of the sale, the director now directly owns 17,510 shares of the company’s stock, valued at approximately $2,014,350.40. The disclosure for this sale can be found here. Insiders sold 74,311 shares of company stock worth $7,702,842 in the last 90 days. Company insiders own 0.50% of the company’s stock.

ADI has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. SunTrust Banks increased their price target on shares of Analog Devices to $126.00 and gave the company an “average” rating in a research report on Thursday, February 21st. Robert W. Baird reiterated a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Wednesday, February 20th. BMO Capital Markets increased their price target on shares of Analog Devices to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 21st. Finally, Sanford C. Bernstein cut shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $106.00 price target on the stock. in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $109.00.

Shares of Analog Devices stock traded down $2.05 on Friday, hitting $103.73. The stock had a trading volume of 78,842 shares, compared to its average volume of 3,100,031. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.52. Analog Devices, Inc. has a one year low of $76.62 and a one year high of $118.54. The stock has a market capitalization of $38.59 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.61 and a beta of 1.37.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.06. Analog Devices had a net margin of 25.18% and a return on equity of 19.17%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business earned $1.45 earnings per share. The business’s revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts forecast that Analog Devices, Inc. will post 5.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 31st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, May 30th. Analog Devices’s dividend payout ratio is 36.36%.

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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.

See Also: Systematic Risk and Investors

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

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