Sivia Capital Partners LLC Makes New Investment in Analog Devices, Inc. (NASDAQ:ADI)

Sivia Capital Partners LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, HoldingsChannel reports. The firm acquired 1,101 shares of the semiconductor company’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ADI. International Assets Investment Management LLC lifted its position in shares of Analog Devices by 3.9% during the 4th quarter. International Assets Investment Management LLC now owns 4,710 shares of the semiconductor company’s stock worth $935,000 after buying an additional 176 shares during the last quarter. 9258 Wealth Management LLC lifted its position in Analog Devices by 3.9% in the fourth quarter. 9258 Wealth Management LLC now owns 2,237 shares of the semiconductor company’s stock valued at $444,000 after acquiring an additional 85 shares during the last quarter. Private Advisor Group LLC boosted its stake in Analog Devices by 13.1% in the fourth quarter. Private Advisor Group LLC now owns 21,676 shares of the semiconductor company’s stock valued at $4,304,000 after acquiring an additional 2,519 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in shares of Analog Devices by 2.2% during the fourth quarter. Wealthspire Advisors LLC now owns 6,400 shares of the semiconductor company’s stock worth $1,271,000 after purchasing an additional 140 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Analog Devices during the fourth quarter worth about $1,133,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

ADI has been the topic of a number of research reports. Susquehanna raised their price target on Analog Devices from $230.00 to $280.00 and gave the stock a “positive” rating in a research note on Thursday, May 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $250.00 price target on shares of Analog Devices in a research report on Tuesday, July 16th. Citigroup lifted their price objective on shares of Analog Devices from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Finally, Sanford C. Bernstein boosted their price target on Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a research report on Thursday, May 23rd. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $251.45.

Analog Devices Stock Down 2.5 %

Shares of NASDAQ ADI opened at $213.64 on Friday. The stock has a market capitalization of $106.01 billion, a price-to-earnings ratio of 49.92, a price-to-earnings-growth ratio of 3.91 and a beta of 1.07. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $244.14. The firm has a 50-day moving average price of $225.39 and a 200 day moving average price of $213.80. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The firm’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same period last year, the company posted $2.49 earnings per share. Equities research analysts anticipate that Analog Devices, Inc. will post 6.33 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, September 3rd. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Insider Activity

In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 69,241 shares in the company, valued at $16,198,239.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $228.08, for a total value of $2,280,800.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $11,640,975.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gregory M. Bryant sold 17,612 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the sale, the executive vice president now directly owns 69,241 shares in the company, valued at approximately $16,198,239.54. The disclosure for this sale can be found here. Insiders sold a total of 49,107 shares of company stock worth $11,301,610 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

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.