Brookmont Capital Management Has $3.08 Million Position in Analog Devices, Inc. (NASDAQ:ADI)

Brookmont Capital Management increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,547 shares of the semiconductor company’s stock after acquiring an additional 234 shares during the quarter. Analog Devices comprises 1.6% of Brookmont Capital Management’s portfolio, making the stock its 22nd biggest holding. Brookmont Capital Management’s holdings in Analog Devices were worth $3,075,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. boosted its stake in Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. USA Financial Formulas lifted its position in shares of Analog Devices by 87.8% during the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 65 shares during the period. Silver Oak Securities Incorporated acquired a new stake in shares of Analog Devices during the 3rd quarter worth $29,000. Cetera Trust Company N.A acquired a new stake in shares of Analog Devices during the 4th quarter worth $29,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Analog Devices during the 4th quarter worth $29,000. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Analog Devices

In related news, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares in the company, valued at $1,134,982.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Michael Sondel sold 4,830 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $236.58, for a total value of $1,142,681.40. Following the sale, the chief accounting officer now owns 10,547 shares in the company, valued at $2,495,209.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,121 shares of company stock valued at $10,875,654. Company insiders own 0.31% of the company’s stock.

Analog Devices Trading Up 0.7 %

Analog Devices stock traded up $1.58 during trading hours on Friday, hitting $228.26. The stock had a trading volume of 3,633,760 shares, compared to its average volume of 3,340,229. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. The stock has a market cap of $113.27 billion, a price-to-earnings ratio of 53.33, a P/E/G ratio of 3.84 and a beta of 1.12. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $241.88. The business’s 50 day simple moving average is $220.13 and its 200-day simple moving average is $202.57.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.14. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the company earned $2.83 earnings per share. The firm’s revenue was down 33.8% compared to the same quarter last year. On average, equities analysts predict that Analog Devices, Inc. will post 6.24 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 4th were paid a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.61%. Analog Devices’s dividend payout ratio (DPR) is presently 85.98%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Susquehanna increased their target price on Analog Devices from $230.00 to $280.00 and gave the stock a “positive” rating in a report on Thursday, May 23rd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Thursday, May 23rd. Stifel Nicolaus increased their target price on Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, May 20th. KeyCorp increased their target price on Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Finally, The Goldman Sachs Group increased their target price on Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and an average target price 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.