Jones Financial Companies Lllp Grows Stock Holdings in Analog Devices, Inc. $ADI

Jones Financial Companies Lllp boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 12.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 169,572 shares of the semiconductor company’s stock after buying an additional 19,383 shares during the period. Jones Financial Companies Lllp’s holdings in Analog Devices were worth $41,907,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ADI. Howard Hughes Medical Institute purchased a new stake in shares of Analog Devices during the second quarter worth about $25,000. RMG Wealth Management LLC purchased a new stake in Analog Devices during the 2nd quarter valued at approximately $26,000. Clayton Financial Group LLC bought a new stake in shares of Analog Devices during the third quarter valued at approximately $31,000. Valley Wealth Managers Inc. purchased a new position in shares of Analog Devices in the third quarter worth $38,000. Finally, Sound Income Strategies LLC boosted its position in shares of Analog Devices by 141.8% during the third quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 95 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $275.07, for a total value of $2,750,700.00. Following the sale, the chief executive officer owned 155,688 shares of the company’s stock, valued at approximately $42,825,098.16. This represents a 6.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $297.27, for a total transaction of $928,968.75. Following the transaction, the director directly owned 130,071 shares of the company’s stock, valued at approximately $38,666,206.17. This represents a 2.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 40,419 shares of company stock valued at $11,259,655. 0.33% of the stock is currently owned by company insiders.

Analog Devices Trading Up 1.9%

ADI opened at $316.86 on Tuesday. The stock has a 50-day moving average of $285.62 and a 200 day moving average of $255.09. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $319.26. The firm has a market cap of $154.83 billion, a P/E ratio of 69.49, a P/E/G ratio of 1.69 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $1.67 earnings per share. As a group, research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s payout ratio is 86.84%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price target on shares of Analog Devices in a report on Tuesday, December 16th. Stifel Nicolaus raised their price objective on Analog Devices from $290.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Susquehanna boosted their target price on Analog Devices from $350.00 to $360.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Cfra reissued a “buy” rating and set a $280.00 price target on shares of Analog Devices in a research note on Tuesday, November 25th. Finally, UBS Group set a $350.00 price target on Analog Devices in a report on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $312.04.

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.