Shares of Analog Devices, Inc. (NASDAQ:ADI) bought by Harbor Investments Inc.

Harbor Investments Inc. increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 25.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,040 shares of the semiconductor company’s stock after buying an additional 213 shares during the quarter. Holdings of Harbor Investments Inc. in Analog Devices were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have recently added to or reduced their stakes in ADI. International Assets Investment Management LLC increased its position in Analog Devices by 3.9% in the fourth quarter. International Assets Investment Management LLC now owns 4,710 shares of the semiconductor company’s stock worth $935,000 after purchasing an additional 176 shares during the period. Certuity LLC purchased a new position in Analog Devices in the fourth quarter valued at approximately $204,000. Savant Capital LLC grew its position in Analog Devices by 33.7% in the fourth quarter. Savant Capital LLC now owns 6,311 shares of the semiconductor company’s stock worth $1,253,000 after buying an additional 1,590 shares during the period. Victory Capital Management Inc. raised its position in Analog Devices by 6.3% in the fourth quarter. Victory Capital Management Inc. now owns 536,900 shares of the semiconductor company’s stock worth $106,607,000 after buying an additional 31,630 shares during the period. Finally, Great Valley Advisor Group Inc. increased its position in Analog Devices by 10.5% during the fourth quarter. Great Valley Advisor Group Inc. now owns 9,996 shares of the semiconductor company’s stock worth $1,985,000 after buying an additional 946 shares during the period. 86.81% of the shares are currently owned by institutional investors and hedge funds.

Analog Devices stock performance

Shares of ADI stock opened at $234.84 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13, and a current ratio of 1.58. The company has a market cap of $116.53 billion, a price-to-earnings ratio of 54.87, a PEG ratio of 3.69 and a beta of 1.08. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $244.14. The company’s 50-day simple moving average is $225.98, and its 200-day simple moving average is $212.32.

Analog Devices (NASDAQ:ADI – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.27 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. Analog Devices’ revenue for the quarter was down 24.8% year over year. In the same quarter last year, the business earned $2.49 EPS. On average, sell-side analysts predict that Analog Devices, Inc. will post 6.24 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $0.92 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a dividend of $3.68 on an annualized basis and a dividend yield of 1.57%. Analog Devices’ dividend payout ratio (DPR) is currently 85.98%.

Analyst upgrades and downgrades

Several research analysts have weighed in on ADI shares. JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Robert W. Baird upped their target price on shares of Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Bank of America cut their price target on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Cantor Fitzgerald restated a “neutral” rating and issued a $250.00 target price on shares of Analog Devices in a research report on Tuesday, July 16th. Finally, KeyCorp boosted their target price on shares of Analog Devices from $230.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.45, according to MarketBeat.com.

Check out our latest report on ADI

Insider buying and selling at Analog Devices

In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the transaction, the executive vice president now owns 69,241 shares in the company, valued at approximately $16,198,239.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $11,640,975.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, EVP Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the transaction, the executive vice president now owns 69,241 shares in the company, valued at approximately $16,198,239.54. The disclosure for this sale can be found here. Insiders sold a total of 39,107 shares of company stock valued at $9,014,710 over the last quarter. 0.31% of shares are held by insiders.

Analog Devices profile

(Free report)

Analog Devices, Inc designs, manufactures, tests and markets integrated circuits (ICs), software and subsystem products in the United States, the rest of North and South America, Europe, Japan, China and the rest of Asia. The company provides data conversion products, which translate real-world analog signals into digital data, as well as the translation of digital data into analog signals; Power management and reference products for power conversion, driver monitoring, sequencing and power management applications in the automotive, communications, industrial and consumer markets; and power ICs that include performance simulation, integration and software design tools for precise power designs.

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