Northwest Capital Management Inc Buys 135 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Northwest Capital Management Inc grew its stake in Analog Devices, Inc. (NASDAQ:ADI) by 519.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161 shares of the semiconductor company’s stock after purchasing an additional 135 shares during the quarter. Northwest Capital Management Inc’s holdings in Analog Devices were worth $32,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CTC Alternative Strategies Ltd. acquired a new position in shares of Analog Devices in the fourth quarter valued at about $1,152,000. Sequoia Financial Advisors LLC grew its stake in shares of Analog Devices by 107.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,667 shares of the semiconductor company’s stock valued at $2,515,000 after acquiring an additional 6,564 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in Analog Devices by 37.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 8,118 shares of the semiconductor company’s stock worth $1,612,000 after buying an additional 2,215 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Analog Devices by 4.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 100,451 shares of the semiconductor company’s stock worth $19,946,000 after buying an additional 4,516 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Analog Devices by 31.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 373,625 shares of the semiconductor company’s stock worth $74,187,000 after buying an additional 89,504 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Trading Up 1.0 %

Shares of NASDAQ:ADI traded up $1.82 during mid-day trading on Monday, hitting $185.18. The company had a trading volume of 323,740 shares, compared to its average volume of 3,304,673. The firm has a fifty day moving average price of $192.82 and a 200 day moving average price of $186.72. The company has a market capitalization of $91.83 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 4.60 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $204.20.

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

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a $0.92 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.99%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s payout ratio is currently 65.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ADI shares. The Goldman Sachs Group increased their price objective on shares of Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Barclays increased their price objective on shares of Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Morgan Stanley reiterated an “overweight” rating and set a $212.00 price objective on shares of Analog Devices in a research note on Thursday, April 11th. Evercore ISI initiated coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 price target on the stock. Finally, Sanford C. Bernstein downgraded shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target on the stock. in a research note on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and a consensus target price of $208.17.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the sale, the chief executive officer now owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the sale, the chief executive officer now owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now directly owns 6,371 shares in the company, valued at $1,259,164.44. The disclosure for this sale can be found here. Insiders sold 24,707 shares of company stock worth $4,825,113 in the last quarter. 0.31% of the stock is owned by corporate insiders.

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.