Beirne Wealth Consulting Services LLC Acquires Shares of 2,465 Analog Devices, Inc. $ADI

Beirne Wealth Consulting Services LLC bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,465 shares of the semiconductor company’s stock, valued at approximately $606,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Analog Devices during the 2nd quarter worth $1,803,377,000. Marshall Wace LLP raised its stake in Analog Devices by 948.2% during the second quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock worth $258,487,000 after acquiring an additional 982,385 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Analog Devices by 47.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,745,985 shares of the semiconductor company’s stock worth $653,599,000 after acquiring an additional 882,909 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Analog Devices by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock valued at $11,955,086,000 after purchasing an additional 761,861 shares in the last quarter. Finally, SG Americas Securities LLC grew 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 valued at $211,871,000 after purchasing an additional 752,411 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on ADI shares. Bank of America raised their target price on shares of Analog Devices from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price target on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Wells Fargo & Company set a $340.00 price objective on Analog Devices and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Evercore lowered their target price on Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a report on Tuesday, November 25th. Finally, Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and an average target price of $314.87.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total value of $991,562.50. Following the transaction, the director owned 123,821 shares in the company, valued at $39,288,403.30. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $306.92, for a total value of $3,069,200.00. Following the sale, the chief executive officer owned 155,688 shares of the company’s stock, valued at approximately $47,783,760.96. The trade was a 6.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,544 shares of company stock valued at $15,320,417 over the last 90 days. 0.36% of the stock is owned by company insiders.

Analog Devices Trading Up 1.7%

NASDAQ ADI opened at $337.10 on Tuesday. The firm has a market capitalization of $164.72 billion, a PE ratio of 73.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03. The business’s 50-day moving average price is $297.14 and its two-hundred day moving average price is $261.77. 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 $343.96.

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, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the company earned $1.67 earnings per share. The firm’s revenue was up 25.9% compared to the same quarter last year. On average, analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders 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 annualized dividend and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is 86.84%.

Analog Devices Company 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.