2,000 Shares in Analog Devices, Inc. $ADI Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,000 shares of the semiconductor company’s stock, valued at approximately $491,000.

A number of other large investors have also recently made changes to their positions in ADI. Howard Hughes Medical Institute bought a new position in shares of Analog Devices in the 2nd quarter valued at about $25,000. Clayton Financial Group LLC purchased a new stake in Analog Devices during the third quarter valued at approximately $31,000. LFA Lugano Financial Advisors SA lifted its stake in shares of Analog Devices by 92.9% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of Analog Devices in the 3rd quarter valued at approximately $38,000. Finally, Sound Income Strategies LLC boosted its holdings 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 worth $39,000 after purchasing an additional 95 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADI. Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Evercore lowered their target price on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a report on Tuesday, November 25th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $270.00 price target on shares of Analog Devices in a research note on Wednesday, November 26th. 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 research report on Friday, January 16th. Finally, BNP Paribas Exane assumed coverage on Analog Devices in a research report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 target price for the company. 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. Based on data from MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $312.04.

Insider Buying and Selling

In other news, SVP Katsufumi Nakamura sold 500 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $301.46, for a total transaction of $150,730.00. Following the transaction, the senior vice president directly owned 12,710 shares in the company, valued at approximately $3,831,556.60. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total transaction of $991,562.50. Following the transaction, the director directly owned 123,821 shares in the company, valued at approximately $39,288,403.30. The trade was a 2.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 53,544 shares of company stock valued at $15,320,417 over the last quarter. 0.36% of the stock is owned by company insiders.

Analog Devices Stock Performance

Analog Devices stock opened at $320.45 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The company has a market capitalization of $156.58 billion, a PE ratio of 70.27, a P/E/G ratio of 1.74 and a beta of 1.03. The company has a 50 day moving average price of $290.44 and a 200-day moving average price of $257.41. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $327.75.

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

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were paid a $0.99 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio is 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.