West Oak Capital LLC Acquires 125 Shares of Analog Devices, Inc. (NASDAQ:ADI)

West Oak Capital LLC increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,644 shares of the semiconductor company’s stock after acquiring an additional 125 shares during the period. Analog Devices makes up 1.1% of West Oak Capital LLC’s investment portfolio, making the stock its 26th largest holding. West Oak Capital LLC’s holdings in Analog Devices were worth $2,501,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Analog Devices by 4.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,438 shares of the semiconductor company’s stock worth $98,531,000 after buying an additional 21,522 shares in the last quarter. Point72 Italy S.r.l. purchased a new position in shares of Analog Devices during the fourth quarter valued at approximately $6,367,000. Grayhawk Investment Strategies Inc. purchased a new position in shares of Analog Devices during the fourth quarter valued at approximately $850,000. CTC Alternative Strategies Ltd. purchased a new position in shares of Analog Devices during the fourth quarter valued at approximately $1,152,000. Finally, Capital International Investors raised its holdings in shares of Analog Devices by 5.8% during the fourth quarter. Capital International Investors now owns 4,510,652 shares of the semiconductor company’s stock valued at $895,702,000 after purchasing an additional 246,799 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $226.70, for a total value of $2,267,000.00. Following the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $11,570,541.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $11,570,541.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the transaction, the executive vice president now directly owns 5,745 shares in the company, 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 $11,168,654 in the last 90 days. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

ADI has been the subject of a number of research reports. KeyCorp upped their target price on shares of Analog Devices from $230.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Susquehanna upped their target price on shares of Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a report on Thursday, May 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Thursday, May 23rd. Sanford C. Bernstein upped their target price on shares of Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Finally, Jefferies Financial Group started coverage on shares of Analog Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $250.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average target price of $243.23.

Analog Devices Price Performance

ADI stock traded up $3.06 during trading on Tuesday, hitting $228.24. 2,417,539 shares of the company’s stock traded hands, compared to its average volume of 3,324,715. 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 quick ratio of 1.13 and a current ratio of 1.58. The business has a fifty day simple moving average of $220.91 and a 200 day simple moving average of $202.90. The stock has a market capitalization of $113.26 billion, a price-to-earnings ratio of 53.33, a P/E/G ratio of 3.85 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the business earned $2.83 earnings per share. Analog Devices’s quarterly revenue was down 33.8% compared to the same quarter last year. As a group, research analysts expect that Analog Devices, Inc. will post 6.24 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced 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 1.61%. The ex-dividend date of this dividend was Tuesday, June 4th. Analog Devices’s dividend payout ratio is currently 85.98%.

Analog Devices Profile

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.