Benjamin Edwards Inc. Sells 65 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Benjamin Edwards Inc. decreased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,157 shares of the semiconductor company’s stock after selling 65 shares during the period. Benjamin Edwards Inc.’s holdings in Analog Devices were worth $721,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its position in Analog Devices by 11.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 84,258 shares of the semiconductor company’s stock worth $19,233,000 after buying an additional 8,653 shares during the last quarter. Ieq Capital LLC increased its holdings in Analog Devices by 9.1% in the 2nd quarter. Ieq Capital LLC now owns 28,298 shares of the semiconductor company’s stock worth $6,459,000 after acquiring an additional 2,352 shares during the last quarter. Delaney Dennis R raised its stake in Analog Devices by 0.6% in the 2nd quarter. Delaney Dennis R now owns 30,925 shares of the semiconductor company’s stock valued at $7,059,000 after acquiring an additional 176 shares during the period. MQS Management LLC lifted its holdings in Analog Devices by 32.4% during the second quarter. MQS Management LLC now owns 3,459 shares of the semiconductor company’s stock valued at $790,000 after purchasing an additional 846 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Analog Devices in the second quarter worth about $2,189,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $245.00 price target on shares of Analog Devices in a report on Thursday, August 22nd. Bank of America decreased their price objective on Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Morgan Stanley raised their target price on Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Barclays upped their price target on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.45.

Analog Devices Trading Down 2.9 %

Shares of ADI stock opened at $226.78 on Friday. The business has a 50-day moving average price of $223.80 and a two-hundred day moving average price of $216.07. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $244.14. 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 price-to-earnings-growth ratio of 3.74 and a beta of 1.07.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, topping 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 company 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 company posted $2.49 EPS. Analog Devices’s quarterly revenue was down 24.8% compared to the same quarter last year. Equities analysts anticipate that Analog Devices, Inc. will post 6.33 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at $11,570,541.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Edward H. Frank sold 995 shares of Analog Devices stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $234.31, for a total value of $233,138.45. Following the transaction, the director now directly owns 3,753 shares of the company’s stock, valued at $879,365.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction 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 approximately $11,570,541.30. 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 in the last 90 days. 0.31% of the stock is owned by company insiders.

About Analog Devices

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.