Arkadios Wealth Advisors Has $2.65 Million Position in Analog Devices, Inc. $ADI

Arkadios Wealth Advisors lifted its position in Analog Devices, Inc. (NASDAQ:ADI) by 27.7% in the third quarter, HoldingsChannel.com reports. The firm owned 10,765 shares of the semiconductor company’s stock after acquiring an additional 2,332 shares during the period. Arkadios Wealth Advisors’ holdings in Analog Devices were worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of ADI. Norges Bank bought a new stake in Analog Devices during the 2nd quarter worth approximately $1,803,377,000. Marshall Wace LLP lifted its stake in shares of Analog Devices by 948.2% in the 2nd quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock valued at $258,487,000 after purchasing an additional 982,385 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Analog Devices by 47.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,745,985 shares of the semiconductor company’s stock valued at $653,599,000 after purchasing an additional 882,909 shares during the period. Vanguard Group Inc. increased its position in shares of Analog Devices by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock valued at $11,955,086,000 after buying an additional 761,861 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Analog Devices by 684.6% during the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock worth $211,871,000 after buying an additional 752,411 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Stock Up 3.1%

ADI stock opened at $304.97 on Thursday. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $309.17. The firm has a market capitalization of $149.33 billion, a PE ratio of 66.88, a P/E/G ratio of 1.60 and a beta of 1.03. The stock’s 50 day moving average is $273.13 and its 200-day moving average is $251.20. 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 (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.22 by $0.04. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is currently 86.84%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ADI. Barclays set a $315.00 price target on shares of Analog Devices in a research note on Thursday, January 15th. Wells Fargo & Company set a $340.00 price objective on shares of Analog Devices and gave the company an “overweight” rating in a report on Thursday, January 15th. KeyCorp lifted their price objective on shares of Analog Devices from $330.00 to $375.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Piper Sandler set a $290.00 price target on shares of Analog Devices in a research report on Tuesday, November 25th. Finally, Robert W. Baird upped their price target on shares of Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and an average price target of $309.86.

Insider Buying and Selling

In related news, SVP Martin Cotter sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the sale, the senior vice president directly owned 49,664 shares in the company, valued at approximately $13,828,444.16. This represents a 16.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $297.27, for a total value of $928,968.75. Following the completion of the transaction, the director owned 130,071 shares of the company’s stock, valued at approximately $38,666,206.17. This trade represents a 2.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 53,544 shares of company stock valued at $14,328,561. Corporate insiders own 0.33% of the company’s stock.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.