Analog Devices, Inc. $ADI Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its position in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 12.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,726 shares of the semiconductor company’s stock after purchasing an additional 6,917 shares during the quarter. Atria Investments Inc’s holdings in Analog Devices were worth $14,920,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Howard Hughes Medical Institute acquired a new stake in Analog Devices during the 2nd quarter valued at approximately $25,000. Clayton Financial Group LLC acquired a new stake in Analog Devices during the 3rd quarter worth about $31,000. LFA Lugano Financial Advisors SA raised its stake in shares of Analog Devices by 92.9% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 65 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of Analog Devices in the 3rd quarter valued at about $38,000. Finally, Sound Income Strategies LLC grew its holdings in Analog Devices by 141.8% during the third quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Key Stories Impacting Analog Devices

Here are the key news stories impacting Analog Devices this week:

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ADI shares. Susquehanna raised their price objective on shares of Analog Devices from $350.00 to $360.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Weiss Ratings lowered shares of Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Evercore decreased their price objective on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a research report on Tuesday, November 25th. KeyCorp raised their target price on Analog Devices from $330.00 to $375.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. upped their price target on Analog Devices from $310.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.26.

View Our Latest Stock Analysis on ADI

Analog Devices Price Performance

Analog Devices stock opened at $337.00 on Thursday. The stock has a market capitalization of $164.67 billion, a P/E ratio of 73.90, a P/E/G ratio of 1.76 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, Inc. has a 12-month low of $158.65 and a 12-month high of $337.84. The firm’s 50-day moving average is $293.79 and its two-hundred day moving average is $259.32.

Analog Devices (NASDAQ:ADIGet Free Report) last posted its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. Analog Devices’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share. Equities analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

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

Insider Buying and Selling

In other Analog Devices news, CAO Michael Sondel sold 8,169 shares of Analog Devices stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total value of $2,271,227.07. Following the completion of the transaction, the chief accounting officer directly owned 18,913 shares in the company, valued at $5,258,381.39. The trade was a 30.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Katsufumi Nakamura sold 500 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $301.46, for a total transaction of $150,730.00. Following the transaction, the senior vice president directly owned 12,710 shares in the company, valued at approximately $3,831,556.60. The trade was a 3.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 53,544 shares of company stock worth $15,320,417 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

About Analog Devices

(Free Report)

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.

Further Reading

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

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