O ROURKE & COMPANY Inc Has $941,000 Holdings in Analog Devices, Inc. (NASDAQ:ADI)

O ROURKE & COMPANY Inc increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 34.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,758 shares of the semiconductor company’s stock after acquiring an additional 1,228 shares during the period. O ROURKE & COMPANY Inc’s holdings in Analog Devices were worth $941,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ADI. Mutual Advisors LLC raised its stake in Analog Devices by 21.4% during the 3rd quarter. Mutual Advisors LLC now owns 2,493 shares of the semiconductor company’s stock valued at $437,000 after purchasing an additional 440 shares during the last quarter. Ancora Advisors LLC raised its holdings in Analog Devices by 2.1% during the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock worth $480,000 after purchasing an additional 57 shares during the last quarter. Gotham Asset Management LLC raised its stake in shares of Analog Devices by 41.2% during the third quarter. Gotham Asset Management LLC now owns 20,700 shares of the semiconductor company’s stock worth $3,624,000 after buying an additional 6,038 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its position in shares of Analog Devices by 2.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 67,950 shares of the semiconductor company’s stock valued at $11,897,000 after acquiring an additional 1,490 shares during the last quarter. Finally, United Services Automobile Association lifted its stake in Analog Devices by 25.6% in the third quarter. United Services Automobile Association now owns 13,949 shares of the semiconductor company’s stock valued at $2,442,000 after buying an additional 2,843 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Trading Down 1.3 %

Shares of ADI traded down $3.08 during trading hours on Monday, hitting $225.18. 2,307,117 shares of the stock were exchanged, compared to its average volume of 3,331,967. The firm has a market capitalization of $111.74 billion, a P/E ratio of 52.61, a price-to-earnings-growth ratio of 3.85 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $241.88. The business has a 50-day moving average of $220.13 and a 200-day moving average of $202.72.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.14. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company posted $2.83 EPS. The business’s quarterly revenue was down 33.8% on a year-over-year basis. On average, research analysts expect that Analog Devices, Inc. will post 6.24 EPS for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th were paid a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.63%. Analog Devices’s dividend payout ratio is presently 85.98%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ADI. JPMorgan Chase & Co. increased their target price on Analog Devices from $220.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. TD Cowen upped their price target on shares of Analog Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. UBS Group raised their price objective on Analog Devices from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Morgan Stanley lifted their target price on shares of Analog Devices from $221.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Finally, Jefferies Financial Group started coverage on Analog Devices in a report on Monday, May 13th. They issued a “buy” rating and a $250.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $243.23.

Insider Activity at Analog Devices

In other news, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the transaction, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Michael Sondel sold 4,830 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $236.58, for a total transaction of $1,142,681.40. Following the completion of the sale, the chief accounting officer now owns 10,547 shares of the company’s stock, valued at approximately $2,495,209.26. The disclosure for this sale can be found here. Insiders sold 40,121 shares of company stock valued at $8,901,654 in the last three months. Corporate insiders own 0.31% of the company’s stock.

About Analog Devices

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.