Coldstream Capital Management Inc. Buys 1,395 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Coldstream Capital Management Inc. boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,975 shares of the semiconductor company’s stock after buying an additional 1,395 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Analog Devices were worth $6,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hopwood Financial Services Inc. bought a new position in Analog Devices during the 4th quarter valued at about $30,000. Mainstream Capital Management LLC bought a new position in shares of Analog Devices during the fourth quarter valued at approximately $30,000. Cassady Schiller Wealth Management LLC raised its holdings in shares of Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock worth $30,000 after buying an additional 55 shares during the period. Financial Life Planners bought a new stake in shares of Analog Devices during the 4th quarter worth approximately $33,000. Finally, Kestra Investment Management LLC purchased a new position in Analog Devices during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Lake Street Capital began coverage on shares of Analog Devices in a research note on Friday, February 14th. They set a “buy” rating for the company. Stifel Nicolaus reduced their target price on shares of Analog Devices from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Morgan Stanley set a $214.00 price target on Analog Devices in a report on Monday. Barclays reduced their price objective on Analog Devices from $240.00 to $170.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Maxim Group began coverage on Analog Devices in a research report on Friday, February 14th. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $250.43.

Analog Devices Stock Performance

Shares of ADI opened at $194.59 on Friday. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10. The stock has a fifty day moving average price of $203.25 and a 200-day moving average price of $212.87. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. The firm has a market cap of $96.51 billion, a PE ratio of 61.97, a P/E/G ratio of 2.85 and a beta of 1.06.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.09. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the business posted $1.73 earnings per share. The firm’s revenue was down 3.6% compared to the same quarter last year. Equities research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.99 per share. This is a positive change from Analog Devices’s previous quarterly dividend of $0.92. The ex-dividend date was Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a yield of 2.04%. Analog Devices’s dividend payout ratio is presently 126.11%.

Analog Devices declared that its board has authorized a share buyback plan on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor company to buy up to 9.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Analog Devices news, EVP Vivek Jain sold 12,684 shares of Analog Devices stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the completion of the sale, the executive vice president now directly owns 43,175 shares in the company, valued at approximately $9,066,750. The trade was a 22.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the sale, the director now owns 186,321 shares in the company, valued at $33,576,907.41. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,809 shares of company stock valued at $6,154,756. Insiders own 0.33% of the company’s stock.

Analog Devices Company 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.