Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,797 shares of the semiconductor company’s stock after selling 470 shares during the quarter. Blair William & Co. IL’s holdings in Analog Devices were worth $9,312,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. 9258 Wealth Management LLC raised its stake in shares of Analog Devices by 3.9% in the fourth quarter. 9258 Wealth Management LLC now owns 2,237 shares of the semiconductor company’s stock valued at $444,000 after acquiring an additional 85 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in shares of Analog Devices by 17.1% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,564 shares of the semiconductor company’s stock valued at $311,000 after buying an additional 228 shares during the period. D.A. Davidson & CO. grew its position in shares of Analog Devices by 2.2% during the fourth quarter. D.A. Davidson & CO. now owns 6,860 shares of the semiconductor company’s stock worth $1,362,000 after buying an additional 146 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Analog Devices by 7.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 48,229 shares of the semiconductor company’s stock worth $9,576,000 after buying an additional 3,549 shares during the period. Finally, US Bancorp DE increased its stake in shares of Analog Devices by 2.1% during the fourth quarter. US Bancorp DE now owns 508,183 shares of the semiconductor company’s stock worth $100,905,000 after buying an additional 10,252 shares during the period. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ADI shares. Truist Financial dropped their price objective on shares of Analog Devices from $275.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Robert W. Baird raised their price target on Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Bank of America lowered their price objective on Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. JPMorgan Chase & Co. raised their target price on Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Oppenheimer restated an “outperform” rating and set a $245.00 target price on shares of Analog Devices in a research note on Thursday, August 22nd. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and an average price target of $251.45.

Analog Devices Stock Performance

NASDAQ ADI opened at $226.78 on Friday. The business’s 50-day moving average price is $223.80 and its 200 day moving average price is $216.07. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. The firm has a market cap of $112.53 billion, a P/E ratio of 52.99, a P/E/G ratio of 3.74 and a beta of 1.07. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $244.14.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the company posted $2.49 earnings per share. The company’s revenue for the quarter was down 24.8% compared to the same quarter last year. On average, equities research analysts expect that Analog Devices, Inc. will post 6.33 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Tuesday, September 3rd. Analog Devices’s payout ratio is 85.98%.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $226.70, for a total value of $2,267,000.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares in the company, valued at $11,570,541.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $226.70, for a total value of $2,267,000.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares of the company’s stock, valued at $11,570,541.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Edward H. Frank sold 995 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the sale, the director now owns 3,753 shares in the company, valued at $879,365.43. The disclosure for this sale can be found here. Insiders have sold a total of 31,495 shares of company stock worth $7,181,458 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.