Petros Family Wealth LLC decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 10.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,255 shares of the semiconductor company’s stock after selling 367 shares during the period. Petros Family Wealth LLC’s holdings in Analog Devices were worth $775,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Analog Devices by 0.7% during the first quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company’s stock worth $9,975,681,000 after buying an additional 359,841 shares during the period. Price T Rowe Associates Inc. MD increased its position in Analog Devices by 26.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock worth $2,304,098,000 after buying an additional 2,407,460 shares during the period. Raymond James Financial Inc. increased its position in Analog Devices by 0.3% during the first quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company’s stock worth $793,616,000 after buying an additional 12,666 shares during the period. Amundi increased its position in Analog Devices by 29.2% during the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock worth $785,071,000 after buying an additional 880,636 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Analog Devices by 1.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,397,181 shares of the semiconductor company’s stock worth $685,109,000 after buying an additional 63,566 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Stock Performance
NASDAQ ADI opened at $241.99 on Monday. The business’s 50-day moving average price is $240.89 and its 200 day moving average price is $223.42. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The company has a market capitalization of $119.05 billion, a PE ratio of 61.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24.
Analog Devices Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.99 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a yield of 1.6%. Analog Devices’s dividend payout ratio is 101.02%.
Insider Transactions at Analog Devices
In other news, SVP Katsufumi Nakamura sold 2,490 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total value of $771,625.00. Following the completion of the transaction, the director owned 155,071 shares in the company, valued at approximately $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,240 shares of company stock valued at $12,737,838. 0.33% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Analog Devices from $248.00 to $270.00 and gave the company a “buy” rating in a report on Friday, July 18th. KeyCorp boosted their target price on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Analog Devices in a report on Saturday, September 27th. Zacks Research raised Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Friday, August 22nd. Finally, Noble Financial raised Analog Devices to an “outperform” rating in a report on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $275.29.
Check Out Our Latest Analysis on Analog Devices
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.
Further Reading
- Five stocks we like better than Analog Devices
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- 3 Defense Stocks Surging as Ukraine Tensions Deepen
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Starbucks Stock Slumps; This Competitor Shows Strength
- High Dividend REITs: Are They an Ideal Way to Diversify?
- The Trade Desk: 2 Signs of a Comeback, 1 Risk Ahead
Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.