2,000 Shares in Analog Devices, Inc. $ADI Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,000 shares of the semiconductor company’s stock, valued at approximately $491,000.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after acquiring an additional 529 shares in the last quarter. Sivia Capital Partners LLC grew its position in Analog Devices by 36.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after purchasing an additional 464 shares during the last quarter. Blair William & Co. IL increased its stake in Analog Devices by 1.1% during the 2nd quarter. Blair William & Co. IL now owns 40,064 shares of the semiconductor company’s stock valued at $9,536,000 after purchasing an additional 454 shares in the last quarter. Callan Family Office LLC raised its holdings in shares of Analog Devices by 75.7% in the second quarter. Callan Family Office LLC now owns 10,558 shares of the semiconductor company’s stock worth $2,513,000 after buying an additional 4,548 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Analog Devices by 14.4% during the second quarter. Blue Trust Inc. now owns 4,212 shares of the semiconductor company’s stock worth $1,002,000 after buying an additional 531 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analysts Set New Price Targets

ADI has been the topic of several research reports. Morgan Stanley reissued an “overweight” rating and issued a $314.00 target price on shares of Analog Devices in a research report on Friday, January 16th. Robert W. Baird increased their price objective on Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Wells Fargo & Company set a $340.00 target price on Analog Devices and gave the stock an “overweight” rating in a report on Thursday, January 15th. Evercore dropped their target price on Analog Devices from $303.00 to $282.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 25th. Finally, BNP Paribas Exane began coverage on shares of Analog Devices in a research report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and an average price target of $312.04.

Analog Devices Stock Performance

ADI opened at $320.45 on Monday. The firm has a fifty day moving average price of $290.44 and a 200 day moving average price of $257.41. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $327.75. The stock has a market cap of $156.58 billion, a P/E ratio of 70.27, a P/E/G ratio of 1.74 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results 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 company had revenue of $3.08 billion for 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 firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the business earned $1.67 earnings per share. Equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were issued a $0.99 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio is presently 86.84%.

Insider Buying and Selling

In other Analog Devices news, SVP Martin Cotter sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $278.44, for a total value of $2,784,400.00. Following the sale, the senior vice president directly owned 49,664 shares of the company’s stock, valued at approximately $13,828,444.16. This trade represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total value of $991,562.50. Following the completion of the sale, the director owned 123,821 shares of the company’s stock, valued at $39,288,403.30. This trade represents a 2.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 53,544 shares of company stock worth $15,320,417 in the last ninety days. 0.36% of the stock is owned by corporate insiders.

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.