Advisors Asset Management Inc. Has $1.57 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Advisors Asset Management Inc. trimmed its position in Analog Devices, Inc. (NASDAQ:ADIGet Rating) by 29.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,757 shares of the semiconductor company’s stock after selling 4,413 shares during the period. Advisors Asset Management Inc.’s holdings in Analog Devices were worth $1,571,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vontobel Holding Ltd. increased its stake in Analog Devices by 84.8% during the 2nd quarter. Vontobel Holding Ltd. now owns 25,836 shares of the semiconductor company’s stock worth $3,804,000 after purchasing an additional 11,855 shares in the last quarter. Forum Financial Management LP grew its stake in shares of Analog Devices by 92.8% during the 1st quarter. Forum Financial Management LP now owns 5,910 shares of the semiconductor company’s stock worth $976,000 after acquiring an additional 2,844 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Analog Devices by 30.7% during the 2nd quarter. Avantax Advisory Services Inc. now owns 5,598 shares of the semiconductor company’s stock worth $818,000 after acquiring an additional 1,314 shares in the last quarter. Buckley Wealth Management LLC bought a new position in shares of Analog Devices during the 1st quarter worth approximately $211,000. Finally, Wetherby Asset Management Inc. grew its stake in shares of Analog Devices by 7.3% during the 1st quarter. Wetherby Asset Management Inc. now owns 12,056 shares of the semiconductor company’s stock worth $1,991,000 after acquiring an additional 820 shares in the last quarter. 85.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In related news, Director Tunc Doluca sold 1,700 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $160.00, for a total value of $272,000.00. Following the completion of the transaction, the director now owns 68,657 shares of the company’s stock, valued at $10,985,120. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Tunc Doluca sold 1,700 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $160.00, for a total value of $272,000.00. Following the completion of the transaction, the director now owns 68,657 shares of the company’s stock, valued at $10,985,120. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Vivek Jain sold 14,000 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $165.63, for a total value of $2,318,820.00. Following the completion of the transaction, the senior vice president now directly owns 18,271 shares of the company’s stock, valued at approximately $3,026,225.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,100 shares of company stock valued at $2,950,820. 0.47% of the stock is currently owned by corporate insiders.

Analog Devices Stock Down 1.7 %

ADI opened at $161.26 on Tuesday. Analog Devices, Inc. has a fifty-two week low of $133.48 and a fifty-two week high of $191.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.92. The company has a market capitalization of $82.94 billion, a P/E ratio of 44.55, a P/E/G ratio of 1.42 and a beta of 1.11. The stock has a fifty day moving average of $146.29 and a 200-day moving average of $154.80.

Analog Devices (NASDAQ:ADIGet Rating) last posted its earnings results on Wednesday, August 17th. The semiconductor company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. Analog Devices had a return on equity of 11.92% and a net margin of 17.00%. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The company’s revenue was up 76.8% on a year-over-year basis. On average, equities analysts expect that Analog Devices, Inc. will post 9.43 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Tuesday, August 30th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Monday, August 29th. Analog Devices’s dividend payout ratio is currently 83.98%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ADI shares. StockNews.com started coverage on shares of Analog Devices in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Oppenheimer reaffirmed an “outperform” rating and set a $210.00 price target on shares of Analog Devices in a research note on Friday, August 12th. Raymond James decreased their target price on shares of Analog Devices from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, August 18th. Cowen started coverage on shares of Analog Devices in a research note on Tuesday, October 11th. They issued an “outperform” rating and a $180.00 target price for the company. Finally, Piper Sandler decreased their target price on shares of Analog Devices from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, August 18th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.00.

Analog Devices Company Profile

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Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.

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

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