Mather Group LLC. Buys 685 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Mather Group LLC. increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 19.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,160 shares of the semiconductor company’s stock after purchasing an additional 685 shares during the quarter. Mather Group LLC.’s holdings in Analog Devices were worth $950,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Mcdonald Partners LLC raised its position in Analog Devices by 0.7% in the first quarter. Mcdonald Partners LLC now owns 7,567 shares of the semiconductor company’s stock worth $1,497,000 after acquiring an additional 54 shares during the period. Keystone Financial Services raised its holdings in Analog Devices by 1.8% in the 4th quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock worth $623,000 after purchasing an additional 55 shares during the period. Signaturefd LLC lifted its position in Analog Devices by 0.5% during the first quarter. Signaturefd LLC now owns 11,003 shares of the semiconductor company’s stock valued at $2,176,000 after purchasing an additional 59 shares in the last quarter. Wealth Alliance grew its holdings in Analog Devices by 3.6% during the fourth quarter. Wealth Alliance now owns 1,769 shares of the semiconductor company’s stock valued at $351,000 after purchasing an additional 61 shares during the period. Finally, MCF Advisors LLC increased its position in Analog Devices by 15.8% in the fourth quarter. MCF Advisors LLC now owns 448 shares of the semiconductor company’s stock worth $89,000 after buying an additional 61 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

ADI stock traded up $5.05 during trading on Wednesday, reaching $209.93. The company had a trading volume of 707,636 shares, compared to its average volume of 3,344,612. 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 twelve month low of $154.99 and a twelve month high of $244.14. The company has a market cap of $104.17 billion, a price-to-earnings ratio of 47.87, a price-to-earnings-growth ratio of 3.69 and a beta of 1.08. The firm has a 50-day simple moving average of $230.18 and a 200-day simple moving average of $209.38.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm earned $2.83 EPS. The firm’s revenue was down 33.8% on a year-over-year basis. As a group, sell-side analysts expect that Analog Devices, Inc. will post 6.24 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were issued a $0.92 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.75%. Analog Devices’s payout ratio is 85.98%.

Insiders Place Their Bets

In other Analog Devices news, CAO Michael Sondel sold 4,830 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $236.58, for a total transaction of $1,142,681.40. Following the completion of the transaction, the chief accounting officer now directly owns 10,547 shares in the company, valued at $2,495,209.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Analog Devices news, CAO Michael Sondel sold 4,830 shares of Analog Devices stock in a transaction on Friday, May 24th. The shares were sold at an average price of $236.58, for a total transaction of $1,142,681.40. Following the sale, the chief accounting officer now owns 10,547 shares of the company’s stock, valued at approximately $2,495,209.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $228.08, for a total value of $2,280,800.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at approximately $11,640,975.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,642 shares of company stock worth $10,791,543. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. KeyCorp increased their price objective on shares of Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Barclays raised their price target on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Oppenheimer upped their price objective on Analog Devices from $215.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Bank of America raised their target price on shares of Analog Devices from $225.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research note on Thursday, May 23rd. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.50.

Analog Devices Company 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.