Bar Harbor Wealth Management Has $2.65 Million Stock Position in Analog Devices, Inc. $ADI

Bar Harbor Wealth Management raised its stake in Analog Devices, Inc. (NASDAQ:ADI) by 33.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,766 shares of the semiconductor company’s stock after buying an additional 2,711 shares during the quarter. Bar Harbor Wealth Management’s holdings in Analog Devices were worth $2,645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Howard Hughes Medical Institute bought a new stake in Analog Devices in the 2nd quarter valued at $25,000. RMG Wealth Management LLC bought a new position in Analog Devices during the 2nd quarter worth about $26,000. Activest Wealth Management raised its stake in shares of Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 127 shares during the period. 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 purchasing an additional 95 shares during the period. Finally, Access Investment Management LLC bought a new stake in shares of Analog Devices in the second quarter valued at about $45,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Trading Up 0.5%

NASDAQ ADI opened at $277.98 on Thursday. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $284.23. 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 stock has a 50 day moving average of $252.62 and a 200-day moving average of $243.60. The company has a market cap of $136.11 billion, a PE ratio of 60.96, a PEG ratio of 1.53 and a beta of 1.04.

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, topping the consensus estimate of $2.22 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 earnings per share. On average, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ADI. The Goldman Sachs Group reiterated a “buy” rating and set a $300.00 price objective on shares of Analog Devices in a report on Tuesday, November 25th. Stifel Nicolaus set a $280.00 price target on Analog Devices in a research report on Friday, November 21st. JPMorgan Chase & Co. lifted their price objective on shares of Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Analog Devices in a research report on Monday. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $270.00 target price on shares of Analog Devices in a report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $287.22.

Insider Activity

In related news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $279.39, for a total value of $873,093.75. Following the completion of the sale, the director directly owned 136,321 shares in the company, valued at approximately $38,086,724.19. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Michael Sondel sold 8,169 shares of the stock in a transaction 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 sale, the chief accounting officer directly owned 18,913 shares in the company, valued at approximately $5,258,381.39. This trade represents a 30.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 40,419 shares of company stock valued at $10,249,017. 0.33% of the stock is owned by company insiders.

Analog Devices Profile

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.