Quotient Wealth Partners LLC Has $440,000 Position in Analog Devices, Inc. (NASDAQ:ADI)

Quotient Wealth Partners LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 15.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,929 shares of the semiconductor company’s stock after buying an additional 261 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Analog Devices were worth $440,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ADI. Norges Bank bought a new position in Analog Devices in the fourth quarter valued at $1,225,227,000. Swedbank AB bought a new position in shares of Analog Devices in the 1st quarter valued at about $537,171,000. Vanguard Group Inc. increased its position in shares of Analog Devices by 4.7% in the first quarter. Vanguard Group Inc. now owns 47,716,169 shares of the semiconductor company’s stock valued at $9,437,781,000 after acquiring an additional 2,160,668 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Analog Devices by 17,535,360.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,753,546 shares of the semiconductor company’s stock worth $346,834,000 after acquiring an additional 1,753,536 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Analog Devices by 19.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,163,882 shares of the semiconductor company’s stock worth $1,614,735,000 after acquiring an additional 1,330,242 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In related news, EVP Gregory M. Bryant sold 17,612 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the sale, the executive vice president now owns 69,241 shares of the company’s stock, valued at approximately $16,198,239.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director James Champy sold 4,200 shares of Analog Devices stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $233.55, for a total transaction of $980,910.00. Following the transaction, the director now owns 6,371 shares in the company, valued at $1,487,947.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gregory M. Bryant sold 17,612 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the completion of the sale, the executive vice president now owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,812 shares of company stock valued at $9,648,861. 0.31% of the stock is owned by insiders.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded up $6.48 during midday trading on Friday, hitting $228.39. The stock had a trading volume of 3,208,020 shares, compared to its average volume of 3,378,589. The company’s 50-day moving average price is $226.33 and its 200-day moving average price is $211.31. The company has a market capitalization of $113.33 billion, a P/E ratio of 53.36, a price-to-earnings-growth ratio of 3.69 and a beta of 1.08. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $244.14.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the business posted $2.49 EPS. The company’s revenue was down 24.8% compared to the same quarter last year. As a group, equities research analysts predict that Analog Devices, Inc. will post 6.24 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.92 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.61%. Analog Devices’s payout ratio is currently 85.98%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $250.00 price objective on shares of Analog Devices in a research note on Tuesday, July 16th. UBS Group upped their price target on shares of Analog Devices from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Jefferies Financial Group began coverage on shares of Analog Devices in a research report on Monday, May 13th. They issued a “buy” rating and a $250.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday. Finally, TD Cowen raised their target price on shares of Analog Devices from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.64.

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.