EP Wealth Advisors LLC acquired a new position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,007 shares of the semiconductor company’s stock, valued at approximately $396,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of ADI. Markel Corp increased its stake in shares of Analog Devices by 1.4% in the 1st quarter. Markel Corp now owns 1,077,821 shares of the semiconductor company’s stock worth $178,034,000 after purchasing an additional 15,150 shares in the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Analog Devices in the 1st quarter worth $82,000. United Bank increased its stake in shares of Analog Devices by 24.7% in the 1st quarter. United Bank now owns 6,647 shares of the semiconductor company’s stock worth $1,098,000 after purchasing an additional 1,315 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of Analog Devices by 34.7% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,599 shares of the semiconductor company’s stock worth $264,000 after purchasing an additional 412 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Analog Devices by 14.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 116,085 shares of the semiconductor company’s stock worth $19,175,000 after purchasing an additional 14,718 shares in the last quarter. 85.55% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have issued reports on ADI. Raymond James cut their price target on Analog Devices from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, August 24th. Wolfe Research began coverage on Analog Devices in a research note on Wednesday, July 19th. They issued a “market perform” rating for the company. Wells Fargo & Company cut their price target on Analog Devices from $185.00 to $175.00 and set an “equal weight” rating for the company in a research note on Thursday, August 24th. Truist Financial cut their price target on Analog Devices from $251.00 to $213.00 in a research note on Thursday, May 25th. Finally, Sanford C. Bernstein cut their price target on Analog Devices from $220.00 to $210.00 in a research note on Thursday, May 25th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $204.21.
Insider Buying and Selling
In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $197.64, for a total value of $1,976,400.00. Following the sale, the chief executive officer now directly owns 70,713 shares of the company’s stock, valued at approximately $13,975,717.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 30,000 shares of company stock valued at $5,661,500 in the last ninety days. 0.46% of the stock is owned by company insiders.
Analog Devices Stock Down 0.9 %
Shares of NASDAQ:ADI opened at $178.14 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.10 and a debt-to-equity ratio of 0.18. Analog Devices, Inc. has a 12 month low of $133.48 and a 12 month high of $200.10. The company has a 50-day moving average price of $185.76 and a 200 day moving average price of $185.76. The company has a market cap of $88.77 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 1.80 and a beta of 1.17.
Analog Devices (NASDAQ:ADI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 23rd. The semiconductor company reported $2.49 earnings per share for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.03). Analog Devices had a return on equity of 15.20% and a net margin of 29.23%. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the company earned $2.52 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities research analysts predict that Analog Devices, Inc. will post 10.12 earnings per share for the current year.
Analog Devices Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Tuesday, September 5th were given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 46.74%.
Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.
- Five stocks we like better than Analog Devices
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- 5 Reasons Apple’s New Phone Moves the Needle: 5 That It Won’t
- Overbought Stocks Explained: Should You Trade Them?
- MarketBeat Week in Review – 9/11 – 9/15
- Best Stocks Under $5.00
- China’s Jump In Car Sales Is Drawing Big Money To These Stocks
Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.