Guerra Pan Advisors LLC Invests $228,000 in Analog Devices, Inc. (NASDAQ:ADI)

Guerra Pan Advisors LLC bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,147 shares of the semiconductor company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Markel Corp boosted its position in shares of Analog Devices by 1.4% during the 1st quarter. Markel Corp now owns 1,077,821 shares of the semiconductor company’s stock worth $178,034,000 after purchasing an additional 15,150 shares in the last quarter. Fairfield Bush & CO. bought a new position in shares of Analog Devices during the first quarter valued at about $82,000. United Bank raised its stake in Analog Devices by 24.7% in the first quarter. United Bank now owns 6,647 shares of the semiconductor company’s stock worth $1,098,000 after buying an additional 1,315 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of Analog Devices by 34.7% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,599 shares of the semiconductor company’s stock valued at $264,000 after purchasing an additional 412 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Analog Devices by 14.5% during the first quarter. Canada Pension Plan Investment Board now owns 116,085 shares of the semiconductor company’s stock valued at $19,175,000 after purchasing an additional 14,718 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insider Activity at Analog Devices

In other news, Director James Champy sold 1,228 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the transaction, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the sale, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Champy sold 1,228 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,707 shares of company stock worth $4,825,113. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ADI shares. Edward Jones upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Sanford C. Bernstein lowered shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target for the company. in a report on Thursday, January 4th. Barclays boosted their target price on shares of Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Morgan Stanley reaffirmed an “overweight” rating and issued a $212.00 price objective on shares of Analog Devices in a report on Thursday, April 11th. Finally, The Goldman Sachs Group increased their price target on shares of Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $208.17.

Analog Devices Price Performance

Analog Devices stock traded up $3.58 during mid-day trading on Tuesday, reaching $193.87. 847,763 shares of the company were exchanged, compared to its average volume of 3,330,661. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $204.20. The company has a fifty day simple moving average of $193.20 and a 200-day simple moving average of $186.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98. The firm has a market cap of $96.14 billion, a PE ratio of 34.04, a PEG ratio of 4.82 and a beta of 1.17.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The firm’s revenue was down 22.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.90%. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s payout ratio is presently 65.83%.

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.