876 Shares in Analog Devices, Inc. (NASDAQ:ADI) Purchased by CWS Financial Advisors LLC

CWS Financial Advisors LLC purchased a new position in Analog Devices, Inc. (NASDAQ:ADI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 876 shares of the semiconductor company’s stock, valued at approximately $202,000.

A number of other hedge funds also recently bought and sold shares of the company. Northwest & Ethical Investments L.P. boosted its stake in Analog Devices by 15.2% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 51,227 shares of the semiconductor company’s stock worth $11,791,000 after purchasing an additional 6,751 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Analog Devices by 13.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 21,612 shares of the semiconductor company’s stock worth $4,974,000 after purchasing an additional 2,600 shares in the last quarter. Fiduciary Trust Co lifted its stake in Analog Devices by 15.1% during the 3rd quarter. Fiduciary Trust Co now owns 62,259 shares of the semiconductor company’s stock valued at $14,330,000 after acquiring an additional 8,173 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Analog Devices by 10.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 113,554 shares of the semiconductor company’s stock valued at $26,137,000 after acquiring an additional 10,883 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Analog Devices by 807.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 959,686 shares of the semiconductor company’s stock valued at $220,891,000 after acquiring an additional 853,931 shares during the period. Institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Down 0.9 %

Analog Devices stock opened at $217.17 on Friday. The firm has a 50 day moving average of $224.32 and a 200 day moving average of $225.80. The firm has a market capitalization of $107.82 billion, a price-to-earnings ratio of 66.01, a P/E/G ratio of 3.15 and a beta of 1.08. Analog Devices, Inc. has a 12-month low of $179.63 and a 12-month high of $244.14. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 9th will be issued a $0.92 dividend. The ex-dividend date is Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a yield of 1.69%. Analog Devices’s dividend payout ratio is presently 111.85%.

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $228.93, for a total value of $2,289,300.00. Following the sale, the chief executive officer now owns 45,326 shares of the company’s stock, valued at $10,376,481.18. The trade was a 18.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total value of $6,723,000.00. Following the completion of the sale, the executive vice president now directly owns 109,093 shares in the company, valued at approximately $24,447,741.30. The trade was a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock worth $24,883,200 over the last quarter. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the topic of several research analyst reports. Wells Fargo & Company initiated coverage on shares of Analog Devices in a research note on Friday, November 22nd. They set an “equal weight” rating and a $220.00 target price on the stock. TD Cowen lowered their target price on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley lowered their target price on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a research note on Wednesday. Cantor Fitzgerald restated a “neutral” rating and set a $250.00 target price on shares of Analog Devices in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.33.

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.