Analog Devices, Inc. (ADI) Short Interest Update

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Analog Devices, Inc. (NASDAQ:ADI) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 8,205,946 shares, a decline of 13.1% from the February 15th total of 9,446,111 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 3,271,811 shares, the days-to-cover ratio is presently 2.5 days.

In other Analog Devices news, SVP Margaret K. Seif sold 2,700 shares of Analog Devices stock in a transaction 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 document filed with the SEC, which is available at the SEC website. Also, CAO Michael Sondel sold 3,010 shares of Analog Devices stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $108.64, for a total transaction of $327,006.40. Following the transaction, the chief accounting officer now directly owns 5,556 shares of the company’s stock, valued at $603,603.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,079 shares of company stock valued at $9,457,895. Company insiders own 0.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Kaizen Advisory LLC raised its stake in Analog Devices by 11.7% during the fourth quarter. Kaizen Advisory LLC now owns 1,023 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 107 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Analog Devices by 3.2% during the fourth quarter. Whittier Trust Co. now owns 4,486 shares of the semiconductor company’s stock worth $385,000 after purchasing an additional 139 shares during the last quarter. HL Financial Services LLC grew its holdings in shares of Analog Devices by 5.5% during the fourth quarter. HL Financial Services LLC now owns 2,914 shares of the semiconductor company’s stock worth $250,000 after purchasing an additional 153 shares during the last quarter. BDO Wealth Advisors LLC grew its holdings in shares of Analog Devices by 39.8% during the fourth quarter. BDO Wealth Advisors LLC now owns 594 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 169 shares during the last quarter. Finally, National Asset Management Inc. grew its holdings in shares of Analog Devices by 6.3% during the fourth quarter. National Asset Management Inc. now owns 2,958 shares of the semiconductor company’s stock worth $255,000 after purchasing an additional 176 shares during the last quarter. 90.20% of the stock is owned by institutional investors and hedge funds.

ADI stock opened at $109.39 on Friday. The stock has a market capitalization of $39.87 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.59 and a beta of 1.26. Analog Devices has a 52 week low of $76.62 and a 52 week high of $110.65. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 1.64.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.05. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.51 billion. Analog Devices had a return on equity of 19.99% and a net margin of 25.42%. Analog Devices’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. On average, sell-side analysts predict that Analog Devices will post 5.47 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Friday, March 1st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 28th. This is an increase from Analog Devices’s previous quarterly dividend of $0.48. Analog Devices’s payout ratio is 36.36%.

A number of equities research analysts have recently weighed in on ADI shares. Oppenheimer lifted their target price on Analog Devices to $117.00 and gave the stock an “outperform” rating in a report on Thursday, February 21st. BidaskClub raised Analog Devices from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 30th. Zacks Investment Research downgraded Analog Devices from a “hold” rating to a “sell” rating in a report on Monday, November 19th. ValuEngine raised Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Finally, Piper Jaffray Companies reissued an “outperform” rating and set a $112.00 target price on shares of Analog Devices in a report on Friday, February 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $103.05.

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Analog Devices Company Profile

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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