Trek Financial LLC Makes New $240,000 Investment in Analog Devices, Inc. (NASDAQ:ADI)

Trek Financial LLC acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,215 shares of the semiconductor company’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ADI. Markel Corp increased its stake in Analog Devices by 1.4% during the 1st quarter. Markel Corp now owns 1,077,821 shares of the semiconductor company’s stock valued at $178,034,000 after purchasing an additional 15,150 shares in the last quarter. Fairfield Bush & CO. bought a new stake in shares of Analog Devices during the first quarter worth about $82,000. United Bank raised its holdings in shares of Analog Devices by 24.7% in the 1st quarter. United Bank now owns 6,647 shares of the semiconductor company’s stock worth $1,098,000 after acquiring an additional 1,315 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Analog Devices by 34.7% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,599 shares of the semiconductor company’s stock worth $264,000 after acquiring an additional 412 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in Analog Devices by 14.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 116,085 shares of the semiconductor company’s stock valued at $19,175,000 after acquiring an additional 14,718 shares in the last quarter. Institutional investors own 85.55% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI stock opened at $177.47 on Monday. Analog Devices, Inc. has a 12 month low of $133.48 and a 12 month high of $200.10. The stock has a market capitalization of $88.44 billion, a P/E ratio of 24.11, a PEG ratio of 1.82 and a beta of 1.17. The company has a current ratio of 1.71, a quick ratio of 1.10 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $187.03 and its 200 day moving average is $185.98.

Analog Devices (NASDAQ:ADIGet Free Report) last issued its quarterly earnings data on Wednesday, August 23rd. The semiconductor company reported $2.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.03). The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Analog Devices had a return on equity of 15.20% and a net margin of 29.23%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the company posted $2.52 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 10.15 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Tuesday, September 5th will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, September 1st. Analog Devices’s dividend payout ratio is presently 46.74%.

Insider Buying and Selling at Analog Devices

In related news, Director Kenton J. Sicchitano sold 8,460 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $192.50, for a total transaction of $1,628,550.00. Following the completion of the transaction, the director now directly owns 28,335 shares in the company, valued at $5,454,487.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Analog Devices news, Director Kenton J. Sicchitano sold 8,460 shares of Analog Devices stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $192.50, for a total transaction of $1,628,550.00. Following the completion of the sale, the director now directly owns 28,335 shares in the company, valued at $5,454,487.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $182.60, for a total transaction of $1,826,000.00. Following the completion of the transaction, the chief executive officer now directly owns 70,713 shares of the company’s stock, valued at approximately $12,912,193.80. The disclosure for this sale can be found here. Insiders sold a total of 69,051 shares of company stock valued at $13,186,465 in the last three months. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein dropped their target price on Analog Devices from $220.00 to $210.00 in a report on Thursday, May 25th. Truist Financial cut their price objective on shares of Analog Devices from $251.00 to $213.00 in a report on Thursday, May 25th. StockNews.com downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Oppenheimer restated an “outperform” rating and set a $215.00 price target on shares of Analog Devices in a report on Thursday, August 24th. Finally, UBS Group increased their price objective on shares of Analog Devices from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.21.

Read Our Latest Stock Report on ADI

Analog Devices Profile

(Free Report)

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 that 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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