Harrington Investments INC Invests $213,000 in Analog Devices, Inc. (NASDAQ:ADI)

Harrington Investments INC acquired a new position in Analog Devices, Inc. (NASDAQ:ADI – Get Rating) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,298 shares of the semiconductor company’s stock, valued at approximately $213,000.

Other large investors have also recently made changes to their positions in the company. Coston McIsaac & Partners bought a new stake in shares of Analog Devices in the 2nd quarter worth approximately $27,000. My Personal CFO LLC bought a new stake in shares of Analog Devices in the 4th quarter worth approximately $29,000. Worth Asset Management LLC bought a new stake in shares of Analog Devices in the 1st quarter worth approximately $33,000. Eagle Bay Advisors LLC bought a new stake in shares of Analog Devices in the 2nd quarter worth approximately $41,000. Finally, Old North State Trust LLC bought a new stake in shares of Analog Devices in the 3rd quarter worth approximately $43,000. 85.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Analog Devices news, Director James Champy sold 1,495 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $185.44, for a total transaction of $277,232.80. Following the completion of the sale, the director now owns 6,371 shares of the company’s stock, valued at $1,181,438.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Analog Devices news, Director James Champy sold 1,495 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $185.44, for a total transaction of $277,232.80. Following the completion of the sale, the director now owns 6,371 shares of the company’s stock, valued at $1,181,438.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tunc Doluca sold 1,700 shares of the business’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $170.00, for a total value of $289,000.00. Following the sale, the director now directly owns 66,157 shares of the company’s stock, valued at approximately $11,246,690. The disclosure for this sale can be found here. Insiders sold 14,195 shares of company stock valued at $2,697,723 over the last 90 days. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ADI shares. Raymond James raised their target price on Analog Devices from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. UBS Group raised their target price on Analog Devices from $195.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. BMO Capital Markets raised their target price on Analog Devices from $195.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. Sanford C. Bernstein raised their target price on Analog Devices from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. Finally, Cowen raised their target price on Analog Devices from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $213.68.

Analog Devices Stock Performance

Shares of ADI traded down $0.78 during trading hours on Friday, hitting $185.85. The stock had a trading volume of 6,216,495 shares, compared to its average volume of 3,217,916. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.12 and a quick ratio of 1.50. Analog Devices, Inc. has a 12 month low of $133.48 and a 12 month high of $196.41. The firm has a market capitalization of $94.01 billion, a PE ratio of 28.03, a PEG ratio of 1.44 and a beta of 1.14. The stock has a fifty day moving average price of $178.70 and a 200 day moving average price of $163.07.

Analog Devices (NASDAQ:ADI – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The semiconductor company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.60 by $0.15. Analog Devices had a return on equity of 14.69% and a net margin of 27.27%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. Analog Devices’s revenue was up 21.1% compared to the same quarter last year. Analysts anticipate that Analog Devices, Inc. will post 10.6 EPS for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 8th. Investors of record on Monday, February 27th were issued a $0.86 dividend. The ex-dividend date of this dividend was Friday, February 24th. This represents a $3.44 annualized dividend and a dividend yield of 1.85%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.76. Analog Devices’s payout ratio is presently 51.89%.

About Analog Devices

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Analog Devices, Inc is a global high-performance semiconductor company, which engages in the design, development, manufacture, and marketing of integrated circuits (ICs). It produces a range of innovative products, including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro electromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors.