Comprehensive Financial Consultants Institutional Inc. boosted its position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,567 shares of the semiconductor company’s stock after purchasing an additional 870 shares during the period. Analog Devices accounts for about 1.5% of Comprehensive Financial Consultants Institutional Inc.’s portfolio, making the stock its 13th biggest holding. Comprehensive Financial Consultants Institutional Inc.’s holdings in Analog Devices were worth $4,657,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management increased its stake in shares of Analog Devices by 6,350.0% in the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 127 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of Analog Devices during the 1st quarter valued at about $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Analog Devices during the 1st quarter valued at about $33,000. North Capital Inc. bought a new stake in shares of Analog Devices during the 1st quarter valued at about $36,000. Finally, Wolff Wiese Magana LLC boosted its position in shares of Analog Devices by 209.8% during the 1st quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Stock Up 0.1%
ADI stock opened at $241.99 on Monday. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $240.89 and its 200-day moving average is $223.42. The firm has a market capitalization of $119.05 billion, a PE ratio of 61.73, a P/E/G ratio of 2.04 and a beta of 1.09.
Analog Devices Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Analog Devices’s dividend payout ratio (DPR) is currently 101.02%.
Analysts Set New Price Targets
ADI has been the topic of several research analyst reports. Barclays upped their target price on Analog Devices from $185.00 to $240.00 and gave the company an “equal weight” rating in a research report on Thursday, August 21st. Raymond James Financial upgraded Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a research report on Wednesday, June 18th. Stifel Nicolaus upped their target price on Analog Devices from $248.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Wells Fargo & Company upped their target price on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, August 21st. Finally, Morgan Stanley increased their price target on Analog Devices from $273.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $275.29.
Get Our Latest Analysis on ADI
Insider Buying and Selling
In related news, SVP Martin Cotter sold 12,500 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the completion of the sale, the senior vice president directly owned 63,048 shares of the company’s stock, valued at approximately $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Vincent Roche sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total value of $5,085,800.00. Following the sale, the chief executive officer directly owned 23,515 shares of the company’s stock, valued at $5,979,629.35. The trade was a 45.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,240 shares of company stock worth $12,737,838 over the last three months. Company insiders own 0.33% of the company’s stock.
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.
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