Stonehearth Capital Management LLC Buys New Position in Analog Devices, Inc. (ADI)

Stonehearth Capital Management LLC bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,301 shares of the semiconductor company’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First American Bank boosted its stake in shares of Analog Devices by 1.7% during the 1st quarter. First American Bank now owns 9,628 shares of the semiconductor company’s stock valued at $1,014,000 after purchasing an additional 161 shares in the last quarter. Mondrian Capital Management LLC bought a new stake in shares of Analog Devices during the 4th quarter valued at about $86,000. Cetera Investment Advisers boosted its stake in shares of Analog Devices by 2.7% during the 4th quarter. Cetera Investment Advisers now owns 11,904 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 318 shares in the last quarter. Riverbridge Partners LLC boosted its stake in shares of Analog Devices by 50.6% during the 4th quarter. Riverbridge Partners LLC now owns 466,195 shares of the semiconductor company’s stock valued at $40,014,000 after purchasing an additional 156,634 shares in the last quarter. Finally, Professional Advisory Services Inc. boosted its stake in shares of Analog Devices by 1.4% during the 4th quarter. Professional Advisory Services Inc. now owns 153,384 shares of the semiconductor company’s stock valued at $13,165,000 after purchasing an additional 2,171 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ ADI traded down $0.42 during midday trading on Thursday, hitting $111.65. The stock had a trading volume of 81,018 shares, compared to its average volume of 2,632,514. The company has a market cap of $41.28 billion, a PE ratio of 18.79, a P/E/G ratio of 1.64 and a beta of 1.25. Analog Devices, Inc. has a 52 week low of $76.62 and a 52 week high of $112.12. 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 issued its earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.05. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. Analog Devices had a net margin of 25.42% and a return on equity of 19.99%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 earnings per share. On average, analysts forecast that Analog Devices, Inc. will post 5.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Friday, March 1st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Thursday, February 28th. This is an increase from Analog Devices’s previous quarterly dividend of $0.48. Analog Devices’s dividend payout ratio is currently 36.36%.

In other news, SVP Margaret K. Seif sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of $90.00, for a total transaction of $243,000.00. Following the completion of the transaction, the senior vice president now directly owns 24,517 shares of the company’s stock, valued at $2,206,530. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Eileen Wynne sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $105.28, for a total transaction of $288,046.08. Following the transaction, the chief accounting officer now directly owns 4,888 shares of the company’s stock, valued at $514,608.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,270 shares of company stock worth $10,975,094. Insiders own 0.50% of the company’s stock.

ADI has been the topic of a number of research reports. Zacks Investment Research raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. SunTrust Banks lifted their target price on shares of Analog Devices to $126.00 and gave the company an “average” rating in a research note on Thursday, February 21st. Morgan Stanley lowered shares of Analog Devices from an “overweight” rating to an “equal weight” rating and set a $88.05 price objective on the stock. in a research note on Tuesday, December 18th. Bank of America lowered shares of Analog Devices from a “buy” rating to a “neutral” rating in a research note on Friday, January 4th. Finally, ValuEngine raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Analog Devices currently has an average rating of “Buy” and an average price target of $102.86.

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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.

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

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