Creative Planning Increases Stake in Analog Devices, Inc. (NASDAQ:ADI)

Creative Planning boosted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 10.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,955 shares of the semiconductor company’s stock after purchasing an additional 1,855 shares during the quarter. Creative Planning’s holdings in Analog Devices were worth $1,995,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ADI. Legacy Financial Advisors Inc. grew its holdings in shares of Analog Devices by 9,766.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 296 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 293 shares during the last quarter. PRW Wealth Management LLC acquired a new position in shares of Analog Devices during the fourth quarter valued at about $27,000. TCI Wealth Advisors Inc. grew its holdings in shares of Analog Devices by 820.0% during the first quarter. TCI Wealth Advisors Inc. now owns 322 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 287 shares during the last quarter. Bruderman Asset Management LLC acquired a new position in shares of Analog Devices during the fourth quarter valued at about $31,000. Finally, Liberty Wealth Management LLC acquired a new position in shares of Analog Devices during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 91.21% of the company’s stock.

In other news, CEO Vincent Roche sold 12,939 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $104.91, for a total value of $1,357,430.49. Following the sale, the chief executive officer now owns 29,395 shares of the company’s stock, valued at $3,083,829.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Martin Cotter sold 680 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $109.62, for a total transaction of $74,541.60. Following the completion of the sale, the senior vice president now directly owns 173 shares in the company, valued at approximately $18,964.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,120 shares of company stock worth $12,114,745. Insiders own 0.50% of the company’s stock.

Analog Devices stock traded up $1.56 during midday trading on Wednesday, hitting $101.44. 4,887,546 shares of the stock were exchanged, compared to its average volume of 2,904,260. Analog Devices, Inc. has a 52-week low of $76.62 and a 52-week high of $118.54. The stock has a market cap of $35.91 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.49 and a beta of 1.27. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 2.34.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.06. Analog Devices had a net margin of 25.42% and a return on equity of 19.99%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company earned $1.45 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, analysts predict that Analog Devices, Inc. will post 5.47 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.13%. Analog Devices’s dividend payout ratio is 36.36%.

A number of research analysts have recently issued reports on ADI shares. Zacks Investment Research upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a report on Monday, February 18th. SunTrust Banks lifted their price objective on shares of Analog Devices to $126.00 and gave the company an “average” rating in a report on Thursday, February 21st. Robert W. Baird reiterated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a report on Wednesday, February 20th. ValuEngine upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Finally, Piper Jaffray Companies reiterated an “outperform” rating and set a $112.00 price objective on shares of Analog Devices in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $104.72.

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About Analog Devices

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

Further Reading: Cash Asset Ratio

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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