AE Wealth Management LLC Boosts Stock Holdings in Analog Devices, Inc. $ADI

AE Wealth Management LLC increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 26.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 43,932 shares of the semiconductor company’s stock after buying an additional 9,174 shares during the period. AE Wealth Management LLC’s holdings in Analog Devices were worth $10,795,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ADI. Howard Hughes Medical Institute purchased a new stake in shares of Analog Devices during the 2nd quarter worth about $25,000. RMG Wealth Management LLC purchased a new stake in Analog Devices during the second quarter worth approximately $26,000. Clayton Financial Group LLC acquired a new stake in shares of Analog Devices in the third quarter worth $31,000. Sound Income Strategies LLC raised its stake in shares of Analog Devices by 141.8% in the 3rd quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 95 shares during the period. Finally, Access Investment Management LLC acquired a new position in shares of Analog Devices during the 2nd quarter valued at $45,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Down 2.5%

ADI stock opened at $310.88 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $284.07 and a 200-day simple moving average of $254.36. The company has a market capitalization of $151.90 billion, a P/E ratio of 68.18, a PEG ratio of 1.72 and a beta of 1.03. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $319.26.

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

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a dividend yield of 1.3%. Analog Devices’s dividend payout ratio (DPR) is presently 86.84%.

Insiders Place Their Bets

In other Analog Devices news, SVP Martin Cotter sold 10,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the transaction, the senior vice president owned 49,664 shares of the company’s stock, valued at $13,828,444.16. This trade represents a 16.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 142,571 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 53,544 shares of company stock valued at $14,328,561. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on ADI shares. Wells Fargo & Company set a $340.00 price target on Analog Devices and gave the company an “overweight” rating in a report on Thursday, January 15th. UBS Group set a $350.00 target price on Analog Devices in a research report on Wednesday, January 21st. Robert W. Baird raised their target price on Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. BNP Paribas Exane assumed coverage on Analog Devices in a report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price target for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Analog Devices in a research report on Tuesday, November 25th. Three investment 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, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $312.04.

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.