Silvant Capital Management LLC Invests $5.17 Million in Analog Devices (ADI) Stock

Silvant Capital Management LLC bought a new position in shares of Analog Devices (NASDAQ:ADI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,751 shares of the semiconductor company’s stock, valued at approximately $5,172,000.

Other institutional investors have also bought and sold shares of the company. Icon Wealth Partners LLC acquired a new position in Analog Devices during the fourth quarter worth $121,000. Cerebellum GP LLC acquired a new position in Analog Devices during the fourth quarter worth $130,000. Pin Oak Investment Advisors Inc. acquired a new position in Analog Devices during the fourth quarter worth $139,000. Bessemer Group Inc. increased its position in Analog Devices by 257.4% during the fourth quarter. Bessemer Group Inc. now owns 1,680 shares of the semiconductor company’s stock worth $150,000 after buying an additional 1,210 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC increased its position in Analog Devices by 98.8% during the first quarter. Massey Quick Simon & CO. LLC now owns 1,660 shares of the semiconductor company’s stock worth $151,000 after buying an additional 825 shares during the last quarter. 88.88% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on ADI shares. Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Wednesday, April 4th. SunTrust Banks increased their target price on shares of Analog Devices to $116.00 and gave the stock a “positive” rating in a research report on Thursday, April 12th. They noted that the move was a valuation call. Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research report on Tuesday, February 20th. KeyCorp increased their target price on shares of Analog Devices from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, March 1st. Finally, Nomura increased their target price on shares of Analog Devices from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, March 1st. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $101.21.

ADI stock opened at $95.04 on Friday. Analog Devices has a twelve month low of $93.58 and a twelve month high of $94.49. The stock has a market cap of $35.05 billion, a P/E ratio of 20.14, a PEG ratio of 1.40 and a beta of 1.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.31 and a current ratio of 1.76.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was up 54.4% compared to the same quarter last year. sell-side analysts predict that Analog Devices will post 5.63 earnings per share for the current fiscal year.

In related news, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $89.86, for a total transaction of $629,020.00. Following the sale, the senior vice president now directly owns 24,517 shares of the company’s stock, valued at $2,203,097.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Martin Cotter sold 3,847 shares of Analog Devices stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $93.41, for a total value of $359,348.27. Following the sale, the senior vice president now directly owns 4,020 shares in the company, valued at $375,508.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,106 shares of company stock worth $6,060,346. 1.10% of the stock is owned by company insiders.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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