Ieq Capital LLC Grows Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Ieq Capital LLC increased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 9.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 28,298 shares of the semiconductor company’s stock after acquiring an additional 2,352 shares during the period. Ieq Capital LLC’s holdings in Analog Devices were worth $6,459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Delaney Dennis R boosted its stake in Analog Devices by 0.6% during the second quarter. Delaney Dennis R now owns 30,925 shares of the semiconductor company’s stock worth $7,059,000 after buying an additional 176 shares during the period. MQS Management LLC lifted its holdings in shares of Analog Devices by 32.4% in the 2nd quarter. MQS Management LLC now owns 3,459 shares of the semiconductor company’s stock worth $790,000 after acquiring an additional 846 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Analog Devices in the 2nd quarter worth approximately $2,189,000. Elo Mutual Pension Insurance Co boosted its position in shares of Analog Devices by 0.5% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 45,572 shares of the semiconductor company’s stock worth $10,402,000 after purchasing an additional 228 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Analog Devices by 20.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 45,487 shares of the semiconductor company’s stock valued at $10,363,000 after purchasing an additional 7,631 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

ADI has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Robert W. Baird lifted their target price on Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a research note on Tuesday, July 16th. Finally, Morgan Stanley raised their price objective on shares of Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $251.45.

Analog Devices Stock Down 2.9 %

Shares of NASDAQ ADI opened at $226.78 on Friday. The business has a 50-day moving average of $223.80 and a two-hundred day moving average of $216.07. The company has a market capitalization of $112.53 billion, a price-to-earnings ratio of 52.99, a price-to-earnings-growth ratio of 3.74 and a beta of 1.07. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $244.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.08. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the firm earned $2.49 EPS. The company’s revenue was down 24.8% compared to the same quarter last year. On average, analysts forecast that Analog Devices, Inc. will post 6.33 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed 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 currently 85.98%.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on 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 approximately $11,570,541.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Edward H. Frank sold 995 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total value of $233,138.45. Following the transaction, the director now owns 3,753 shares of the company’s stock, valued at $879,365.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the 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 sale, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $11,570,541.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,495 shares of company stock worth $7,181,458. Insiders own 0.31% of the company’s stock.

Analog Devices 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.