Running Oak Capital LLC Purchases 6,611 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Running Oak Capital LLC increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,717 shares of the semiconductor company’s stock after buying an additional 6,611 shares during the period. Analog Devices comprises about 1.9% of Running Oak Capital LLC’s holdings, making the stock its 16th biggest position. Running Oak Capital LLC’s holdings in Analog Devices were worth $9,475,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its stake in Analog Devices by 101.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in Analog Devices during the third quarter valued at approximately $29,000. Cetera Trust Company N.A purchased a new position in Analog Devices during the fourth quarter valued at approximately $29,000. Northwest Capital Management Inc lifted its position in Analog Devices by 519.2% during the fourth quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 135 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new stake in Analog Devices during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the subject of several research analyst reports. Sanford C. Bernstein lowered shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 target price for the company. in a research report on Thursday, January 4th. Morgan Stanley restated an “overweight” rating and issued a $212.00 price objective on shares of Analog Devices in a report on Thursday, April 11th. KeyCorp boosted their price objective on shares of Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Wolfe Research upgraded shares of Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price objective for the company in a report on Thursday, January 18th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $205.00 price objective on shares of Analog Devices in a report on Monday, March 4th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $208.17.

Analog Devices Trading Up 1.3 %

Shares of NASDAQ:ADI traded up $2.60 during midday trading on Thursday, reaching $196.49. 2,705,364 shares of the company’s stock were exchanged, compared to its average volume of 3,366,338. The firm’s 50 day simple moving average is $193.99 and its two-hundred day simple moving average is $187.91. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $204.20. The stock has a market cap of $97.44 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 5.03 and a beta of 1.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.02. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.75 EPS. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were given a $0.92 dividend. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio is currently 65.83%.

Insider Activity at Analog Devices

In other Analog Devices news, Director James Champy sold 1,228 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $197.40, for a total value of $1,974,000.00. Following the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $10,075,098.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the transaction, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,707 shares of company stock worth $2,904,013. 0.31% of the stock is currently owned by insiders.

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.