Analog Devices, Inc. $ADI Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 46.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,949 shares of the semiconductor company’s stock after acquiring an additional 12,659 shares during the quarter. Advisory Services Network LLC’s holdings in Analog Devices were worth $8,974,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ADI. Vanguard Group Inc. boosted its position in shares of Analog Devices by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock valued at $11,955,086,000 after purchasing an additional 761,861 shares during the period. State Street Corp boosted its stake in shares of Analog Devices by 2.2% in the second quarter. State Street Corp now owns 23,317,256 shares of the semiconductor company’s stock valued at $5,549,973,000 after buying an additional 506,507 shares in the last quarter. Geode Capital Management LLC increased its stake in Analog Devices by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock valued at $2,770,448,000 after purchasing an additional 633,425 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Analog Devices by 26.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock valued at $2,304,098,000 after acquiring an additional 2,407,460 shares during the last quarter. Finally, Norges Bank acquired a new position in Analog Devices during the second quarter worth about $1,803,377,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Down 1.4%

ADI opened at $279.32 on Monday. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $284.23. The business has a 50-day moving average of $246.14 and a two-hundred day moving average of $240.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. The stock has a market capitalization of $136.77 billion, a price-to-earnings ratio of 61.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.03.

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

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Monday, December 8th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $3.96 annualized dividend and a dividend yield of 1.4%. Analog Devices’s payout ratio is currently 86.84%.

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total value of $719,406.25. Following the transaction, the director directly owned 142,571 shares of the company’s stock, valued at approximately $32,821,269.91. This trade represents a 2.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $234.95, for a total value of $2,349,500.00. Following the completion of the transaction, the chief executive officer owned 163,640 shares in the company, valued at $38,447,218. The trade was a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 35,419 shares of company stock valued at $8,791,598. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $270.00 target price on shares of Analog Devices in a research note on Wednesday, November 26th. Zacks Research lowered Analog Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Stifel Nicolaus set a $280.00 target price on shares of Analog Devices in a research note on Friday, November 21st. Morgan Stanley upped their target price on shares of Analog Devices from $288.00 to $293.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Finally, Wells Fargo & Company raised their price target on shares of Analog Devices from $250.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $283.61.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. 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 consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.