B. Riley Wealth Advisors Inc. Acquires Shares of 3,735 Analog Devices, Inc. $ADI

B. Riley Wealth Advisors Inc. purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, Holdings Channel.com reports. The firm purchased 3,735 shares of the semiconductor company’s stock, valued at approximately $889,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Analog Devices by 1.5% in the second quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock worth $11,955,086,000 after buying an additional 761,861 shares during the last quarter. State Street Corp raised its position in shares of Analog Devices by 2.2% in the second quarter. State Street Corp now owns 23,317,256 shares of the semiconductor company’s stock valued at $5,549,973,000 after purchasing an additional 506,507 shares during the period. Geode Capital Management LLC lifted its stake in shares of Analog Devices by 5.7% in the second quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock worth $2,770,448,000 after buying an additional 633,425 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Analog Devices by 26.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock worth $2,304,098,000 after buying an additional 2,407,460 shares during the period. Finally, Norges Bank acquired a new position in Analog Devices in the 2nd quarter valued at $1,803,377,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 0.4%

Shares of NASDAQ ADI opened at $280.44 on Tuesday. The business has a 50-day moving average price of $246.90 and a 200 day moving average price of $240.92. The stock has a market cap of $137.32 billion, a PE ratio of 61.50, a price-to-earnings-growth ratio of 1.55 and a beta of 1.03. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $284.23.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.22 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 earnings per share. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Monday, December 8th will be paid a dividend of $0.99 per share. The ex-dividend date is Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.4%. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $234.95, for a total transaction of $2,349,500.00. Following the completion of the transaction, the chief executive officer directly owned 163,640 shares in the company, valued at approximately $38,447,218. The trade was a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $230.21, for a total value of $719,406.25. Following the transaction, the director owned 142,571 shares in the company, valued at approximately $32,821,269.91. This trade represents a 2.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 35,419 shares of company stock valued at $8,791,598. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ADI shares. JPMorgan Chase & Co. boosted their price target on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Wells Fargo & Company upped their price objective on shares of Analog Devices from $250.00 to $265.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Zacks Research downgraded Analog Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Evercore ISI decreased their price target on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $270.00 price target on shares of Analog Devices in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average price target of $283.61.

Analog Devices Company Profile

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.