Fulton Breakefield Broenniman LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,796 shares of the semiconductor company’s stock, valued at approximately $589,000.
Several other institutional investors have also bought and sold shares of ADI. Davis R M Inc. acquired a new position in Analog Devices during the 4th quarter worth approximately $1,126,000. StrategIQ Financial Group LLC acquired a new position in shares of Analog Devices during the fourth quarter worth $207,000. San Luis Wealth Advisors LLC bought a new position in shares of Analog Devices in the 4th quarter valued at $674,000. Resonant Capital Advisors LLC boosted its holdings in shares of Analog Devices by 3.7% during the 4th quarter. Resonant Capital Advisors LLC now owns 12,599 shares of the semiconductor company’s stock valued at $1,861,000 after acquiring an additional 449 shares in the last quarter. Finally, Leelyn Smith LLC grew its position in Analog Devices by 5.0% during the 4th quarter. Leelyn Smith LLC now owns 17,377 shares of the semiconductor company’s stock worth $2,567,000 after acquiring an additional 824 shares during the last quarter. 91.90% of the stock is owned by institutional investors.
ADI has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price target on Analog Devices from $174.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, February 16th. Argus boosted their target price on shares of Analog Devices from $155.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, February 19th. The Goldman Sachs Group upped their price target on shares of Analog Devices from $156.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, December 14th. BMO Capital Markets lifted their price target on shares of Analog Devices from $155.00 to $190.00 and gave the stock an “outperform” rating in a report on Tuesday, February 16th. Finally, KeyCorp increased their price objective on Analog Devices from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, January 6th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $157.92.
ADI stock opened at $161.24 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 1.40. The company’s 50-day moving average is $154.67 and its 200-day moving average is $142.67. The stock has a market capitalization of $59.48 billion, a PE ratio of 49.16, a price-to-earnings-growth ratio of 2.26 and a beta of 1.31. Analog Devices, Inc. has a 1 year low of $96.05 and a 1 year high of $164.40.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, February 16th. The semiconductor company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. Analog Devices had a return on equity of 15.51% and a net margin of 21.79%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business earned $1.03 EPS. On average, analysts anticipate that Analog Devices, Inc. will post 5.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 9th. Shareholders of record on Friday, February 26th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Thursday, February 25th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.62. Analog Devices’s payout ratio is 56.21%.
About Analog Devices
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.
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