Arkadios Wealth Advisors Raises Position in Analog Devices, Inc. $ADI

Arkadios Wealth Advisors lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 27.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,765 shares of the semiconductor company’s stock after buying an additional 2,332 shares during the period. Arkadios Wealth Advisors’ holdings in Analog Devices were worth $2,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Solstein Capital LLC increased its holdings in Analog Devices by 2.0% during the 2nd quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock valued at $549,000 after acquiring an additional 46 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Analog Devices by 684.6% during the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock worth $211,871,000 after acquiring an additional 752,411 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Analog Devices by 22.3% in the 3rd quarter. Voya Investment Management LLC now owns 1,293,403 shares of the semiconductor company’s stock valued at $317,789,000 after purchasing an additional 236,211 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Analog Devices by 55.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,204,226 shares of the semiconductor company’s stock valued at $295,878,000 after acquiring an additional 427,467 shares during the period. Finally, Cerity Partners LLC increased its position in Analog Devices by 15.5% during the 3rd quarter. Cerity Partners LLC now owns 303,069 shares of the semiconductor company’s stock worth $74,463,000 after purchasing an additional 40,738 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the topic of several research reports. Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Zacks Research raised shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Stifel Nicolaus upped their price target on shares of Analog Devices from $290.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Oppenheimer increased their price objective on shares of Analog Devices from $265.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 price target on shares of Analog Devices in a report on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six 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 price target of $309.86.

Insider Activity at Analog Devices

In other Analog Devices news, CAO Michael Sondel sold 8,169 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the transaction, the chief accounting officer directly owned 18,913 shares of the company’s stock, valued at $5,258,381.39. This represents a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $275.07, for a total transaction of $2,750,700.00. Following the completion of the transaction, the chief executive officer directly owned 155,688 shares in the company, valued at approximately $42,825,098.16. This represents a 6.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 53,544 shares of company stock worth $14,328,561. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $304.97 on Thursday. 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 cap of $149.33 billion, a price-to-earnings ratio of 66.88, a PEG ratio of 1.60 and a beta of 1.03. The stock’s 50 day moving average price is $273.13 and its 200 day moving average price is $251.20. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $309.17.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.04. The company had revenue of $3.08 billion during 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 business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 EPS. Equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were given a $0.99 dividend. The ex-dividend date was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.3%. Analog Devices’s dividend payout ratio is presently 86.84%.

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.