Analog Devices, Inc. $ADI Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 26.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,932 shares of the semiconductor company’s stock after purchasing an additional 9,174 shares during the quarter. AE Wealth Management LLC’s holdings in Analog Devices were worth $10,795,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. LRI Investments LLC boosted its position in shares of Analog Devices by 1.5% during the 3rd quarter. LRI Investments LLC now owns 3,685 shares of the semiconductor company’s stock worth $905,000 after purchasing an additional 55 shares during the period. Great Lakes Advisors LLC boosted its holdings in Analog Devices by 13.7% during the 3rd quarter. Great Lakes Advisors LLC now owns 21,351 shares of the semiconductor company’s stock valued at $5,246,000 after acquiring an additional 2,570 shares during the period. Flossbach Von Storch SE grew its position in Analog Devices by 21.4% in the 3rd quarter. Flossbach Von Storch SE now owns 517,199 shares of the semiconductor company’s stock valued at $127,076,000 after acquiring an additional 91,057 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Analog Devices by 28.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 864 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 193 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its holdings in Analog Devices by 20.2% during the 3rd quarter. AustralianSuper Pty Ltd now owns 5,755 shares of the semiconductor company’s stock worth $1,414,000 after buying an additional 967 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 142,571 shares in the company, valued at $32,821,269.91. This represents a 2.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Katsufumi Nakamura sold 500 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $301.46, for a total value of $150,730.00. Following the completion of the sale, the senior vice president directly owned 12,710 shares in the company, valued at $3,831,556.60. This trade represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,544 shares of company stock valued at $14,328,561 in the last ninety days. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stifel Nicolaus upped their price target on Analog Devices from $290.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Benchmark reiterated a “buy” rating and issued a $285.00 price objective on shares of Analog Devices in a report on Wednesday, November 26th. Piper Sandler set a $290.00 target price on Analog Devices in a research note on Tuesday, November 25th. Finally, Oppenheimer increased their price target on shares of Analog Devices from $265.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $312.04.

Analog Devices Stock Performance

Shares of ADI stock opened at $310.88 on Friday. The stock’s 50-day moving average price is $284.07 and its 200 day moving average price is $254.36. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $151.90 billion, a PE ratio of 68.18, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $319.26.

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

Analog Devices Announces Dividend

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 dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is presently 86.84%.

About Analog Devices

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.