966 Shares in Analog Devices, Inc. (NASDAQ:ADI) Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 2nd quarter, HoldingsChannel reports. The fund acquired 966 shares of the semiconductor company’s stock, valued at approximately $220,000.

Several other large investors also recently made changes to their positions in ADI. International Assets Investment Management LLC increased its holdings in Analog Devices by 3.9% in the 4th quarter. International Assets Investment Management LLC now owns 4,710 shares of the semiconductor company’s stock valued at $935,000 after purchasing an additional 176 shares in the last quarter. Mather Group LLC. boosted its position in shares of Analog Devices by 12.6% in the fourth quarter. Mather Group LLC. now owns 3,917 shares of the semiconductor company’s stock worth $778,000 after buying an additional 437 shares during the period. Choreo LLC grew its stake in shares of Analog Devices by 154.3% in the fourth quarter. Choreo LLC now owns 4,923 shares of the semiconductor company’s stock valued at $978,000 after buying an additional 2,987 shares in the last quarter. Adell Harriman & Carpenter Inc. raised its holdings in shares of Analog Devices by 11.0% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 1,397 shares of the semiconductor company’s stock valued at $277,000 after buying an additional 139 shares during the period. Finally, Ledyard National Bank raised its stake in shares of Analog Devices by 39.8% during the fourth quarter. Ledyard National Bank now owns 3,431 shares of the semiconductor company’s stock valued at $681,000 after purchasing an additional 977 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insiders Place Their Bets

In other Analog Devices news, Director Edward H. Frank sold 500 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $227.24, for a total value of $113,620.00. Following the transaction, the director now owns 4,748 shares of the company’s stock, valued at $1,078,935.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated 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 directly owns 51,039 shares of the company’s stock, valued at approximately $11,570,541.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edward H. Frank sold 500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the completion of the sale, the director now owns 4,748 shares of the company’s stock, valued at approximately $1,078,935.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,112 shares of company stock valued at $8,781,571. 0.31% of the stock is currently owned by insiders.

Analog Devices Trading Up 2.8 %

Shares of Analog Devices stock opened at $231.84 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $244.14. The company’s fifty day simple moving average is $226.19 and its 200-day simple moving average is $211.82. The company has a market cap of $115.04 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 3.69 and a beta of 1.08.

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, beating the consensus estimate of $1.50 by $0.08. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The firm’s revenue was down 24.8% on a year-over-year basis. During the same quarter last year, the company earned $2.49 earnings per share. As a group, sell-side analysts expect that Analog Devices, Inc. will post 6.24 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $0.92 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 1.59%. Analog Devices’s dividend payout ratio (DPR) is presently 85.98%.

Wall Street Analyst Weigh In

ADI has been the topic of several analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a research note on Tuesday, July 16th. Jefferies Financial Group initiated coverage on Analog Devices in a research note on Monday, May 13th. They set a “buy” rating and a $250.00 price objective for the company. Barclays increased their target price on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Citigroup upped their price target on shares of Analog Devices from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, Bank of America decreased their price objective on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.45.

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.