Atria Investments Inc Buys 6,917 Shares of Analog Devices, Inc. $ADI

Atria Investments Inc lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 12.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,726 shares of the semiconductor company’s stock after acquiring an additional 6,917 shares during the quarter. Atria Investments Inc’s holdings in Analog Devices were worth $14,920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute purchased a new stake in shares of Analog Devices in the second quarter worth $25,000. Clayton Financial Group LLC bought a new position in Analog Devices in the 3rd quarter worth $31,000. LFA Lugano Financial Advisors SA raised its holdings in Analog Devices by 92.9% during the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 65 shares during the period. Valley Wealth Managers Inc. purchased a new position in shares of Analog Devices in the third quarter valued at about $38,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Analog Devices by 141.8% in 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 period. Institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Michael Sondel sold 8,169 shares of the business’s 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 completion of the sale, the chief accounting officer directly owned 18,913 shares of the company’s stock, valued at approximately $5,258,381.39. The trade was a 30.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the completion of the transaction, the chief executive officer owned 155,688 shares in the company, valued at approximately $47,783,760.96. The trade was a 6.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 53,544 shares of company stock valued at $15,320,417. Insiders own 0.36% of the company’s stock.

Analog Devices News Summary

Here are the key news stories impacting Analog Devices this week:

Analog Devices Trading Up 3.6%

ADI stock opened at $337.00 on Thursday. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $337.84. The stock has a market capitalization of $164.67 billion, a price-to-earnings ratio of 73.90, a price-to-earnings-growth ratio of 1.76 and a beta of 1.03. 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 firm’s fifty day simple moving average is $293.79 and its two-hundred day simple moving average is $259.32.

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

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were paid 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 1.2%. Analog Devices’s dividend payout ratio (DPR) is presently 86.84%.

Analyst Ratings Changes

ADI has been the topic of several recent analyst reports. Citigroup lifted their target price on Analog Devices from $290.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Oppenheimer increased their price objective on shares of Analog Devices from $265.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Evercore lowered their target price on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Analog Devices in a research note on Tuesday, November 25th. Finally, Stifel Nicolaus boosted their price target on shares of Analog Devices from $290.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $312.26.

Get Our Latest Stock Analysis on Analog Devices

About Analog Devices

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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