Yousif Capital Management LLC Has $15.18 Million Position in Analog Devices, Inc. $ADI

Yousif Capital Management LLC cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,783 shares of the semiconductor company’s stock after selling 3,312 shares during the quarter. Yousif Capital Management LLC’s holdings in Analog Devices were worth $15,180,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Howard Hughes Medical Institute acquired a new position in Analog Devices during the second quarter valued at approximately $25,000. RMG Wealth Management LLC bought a new stake in shares of Analog Devices during the 2nd quarter worth approximately $26,000. Activest Wealth Management boosted its holdings in shares of Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 127 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Analog Devices by 141.8% in the third quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 95 shares in the last quarter. Finally, Access Investment Management LLC acquired a new position in Analog Devices during the second quarter worth $45,000. Institutional investors own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Edward H. Frank sold 1,000 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $242.74, for a total transaction of $242,740.00. Following the transaction, the director owned 5,118 shares in the company, valued at $1,242,343.32. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $279.39, for a total value of $873,093.75. Following the sale, the director directly owned 136,321 shares of the company’s stock, valued at $38,086,724.19. This represents a 2.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 40,419 shares of company stock worth $10,249,017. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Cfra reiterated a “buy” rating and issued a $280.00 price target on shares of Analog Devices in a research note on Tuesday, November 25th. JPMorgan Chase & Co. raised their target price on shares of Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Evercore ISI reduced their price target on Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a report on Tuesday, November 25th. UBS Group boosted their price target on Analog Devices from $280.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Analog Devices in a research report on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $287.22.

Analog Devices Stock Up 0.5%

Shares of ADI opened at $275.82 on Tuesday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $284.23. The firm has a market cap of $135.06 billion, a P/E ratio of 60.49, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03. The firm’s 50-day simple moving average is $251.00 and its 200 day simple moving average is $242.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were paid a $0.99 dividend. The ex-dividend date was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.4%. Analog Devices’s payout ratio is 86.84%.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.