MRA Advisory Group Invests $226,000 in Analog Devices, Inc. (NASDAQ:ADI)

MRA Advisory Group bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 991 shares of the semiconductor company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADI. Caprock Group LLC increased its stake in Analog Devices by 32.8% in the 2nd quarter. Caprock Group LLC now owns 15,026 shares of the semiconductor company’s stock worth $3,430,000 after acquiring an additional 3,713 shares during the last quarter. Certuity LLC purchased a new position in shares of Analog Devices in the second quarter valued at $352,000. Acadian Asset Management LLC bought a new stake in Analog Devices in the second quarter worth $2,947,000. Norden Group LLC raised its stake in Analog Devices by 19.5% during the second quarter. Norden Group LLC now owns 2,288 shares of the semiconductor company’s stock valued at $522,000 after purchasing an additional 373 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Analog Devices by 13,733.2% during the second quarter. Los Angeles Capital Management LLC now owns 354,545 shares of the semiconductor company’s stock valued at $80,928,000 after purchasing an additional 351,982 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Jefferies Financial Group assumed coverage on Analog Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $250.00 price objective for the company. Barclays boosted their target price on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. The Goldman Sachs Group lifted their price objective on shares of Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Oppenheimer reiterated an “outperform” rating and set a $245.00 price objective on shares of Analog Devices in a research report on Thursday, August 22nd. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $251.45.

Insider Buying and Selling at Analog Devices

In related news, EVP Gregory M. Bryant sold 17,612 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the transaction, the executive vice president now directly owns 69,241 shares in the company, valued at approximately $16,198,239.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $11,640,975.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction dated Thursday, June 13th. The stock was 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 of the company’s stock, 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 three months. Corporate insiders own 0.31% of the company’s stock.

Analog Devices Trading Down 2.5 %

NASDAQ ADI opened at $213.64 on Friday. The company’s 50-day simple moving average is $225.39 and its two-hundred day simple moving average is $213.97. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $244.14. The company 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. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.24 and a current ratio of 1.69.

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

Analog Devices Dividend Announcement

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

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.