Running Oak Capital LLC Acquires 5,938 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Running Oak Capital LLC lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 12.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,655 shares of the semiconductor company’s stock after acquiring an additional 5,938 shares during the quarter. Running Oak Capital LLC’s holdings in Analog Devices were worth $10,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its holdings in Analog Devices by 101.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 65 shares in the last quarter. USA Financial Formulas grew its stake in shares of Analog Devices by 87.8% in the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 65 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of Analog Devices in the third quarter worth $29,000. Cetera Trust Company N.A purchased a new stake in shares of Analog Devices in the fourth quarter worth $29,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Analog Devices in the fourth quarter worth $29,000. Institutional investors own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In other news, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $10,075,098.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. Insiders have sold 50,121 shares of company stock valued at $10,875,654 over the last quarter. 0.31% of the stock is currently owned by company insiders.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded up $1.54 during trading on Friday, hitting $231.05. The company had a trading volume of 7,366,423 shares, compared to its average volume of 2,849,571. The stock has a 50 day simple moving average of $216.13 and a 200 day simple moving average of $201.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $241.88. The firm has a market capitalization of $114.65 billion, a P/E ratio of 53.98, a price-to-earnings-growth ratio of 3.87 and a beta of 1.12.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.26 by $0.14. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The firm 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 company earned $2.83 earnings per share. The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. As a group, analysts anticipate that Analog Devices, Inc. will post 6.24 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Tuesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is currently 85.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ADI shares. Susquehanna increased their target price on Analog Devices from $230.00 to $280.00 and gave the stock a “positive” rating in a research note on Thursday, May 23rd. Oppenheimer increased their target price on Analog Devices from $215.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Cantor Fitzgerald increased their target price on Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Barclays increased their price objective on Analog Devices from $185.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, May 20th. Finally, JPMorgan Chase & Co. increased their price objective on Analog Devices from $220.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $243.23.

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.