Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Tucker Asset Management LLC

Tucker Asset Management LLC boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,089 shares of the semiconductor company’s stock after buying an additional 134 shares during the quarter. Tucker Asset Management LLC’s holdings in Analog Devices were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADI. Kestra Advisory Services LLC grew its position in shares of Analog Devices by 6.2% in the third quarter. Kestra Advisory Services LLC now owns 23,801 shares of the semiconductor company’s stock valued at $4,167,000 after purchasing an additional 1,398 shares during the last quarter. WCG Wealth Advisors LLC acquired a new stake in shares of Analog Devices in the third quarter valued at approximately $2,756,000. Prudential PLC grew its position in shares of Analog Devices by 31.3% in the third quarter. Prudential PLC now owns 29,254 shares of the semiconductor company’s stock valued at $5,122,000 after purchasing an additional 6,969 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Analog Devices in the third quarter valued at approximately $29,119,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Analog Devices in the third quarter valued at approximately $8,862,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Analog Devices from $205.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Sanford C. Bernstein increased their price target on shares of Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a research report on Thursday, May 23rd. TD Cowen upped their price objective on shares of Analog Devices from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Evercore ISI initiated coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price objective on the stock. Finally, Barclays upped their price objective on shares of Analog Devices from $185.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, May 20th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $243.23.

Analog Devices Trading Down 1.2 %

NASDAQ:ADI traded down $2.84 during trading hours on Friday, reaching $231.19. 2,252,494 shares of the company were exchanged, compared to its average volume of 3,438,953. The stock has a 50 day simple moving average of $212.62 and a 200 day simple moving average of $199.42. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $241.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13. The firm has a market cap of $114.72 billion, a price-to-earnings ratio of 54.02, a PEG ratio of 3.95 and a beta of 1.12.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS 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 business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm posted $2.83 EPS. The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. As a group, analysts predict that Analog Devices, Inc. will post 6.24 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, June 4th. Analog Devices’s dividend payout ratio is presently 85.98%.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total value of $1,970,600.00. Following the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $10,057,745.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at approximately $10,057,745.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gregory M. Bryant sold 17,612 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the sale, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,349 shares of company stock valued at $11,118,356. Company insiders own 0.31% of the company’s stock.

About Analog Devices

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.