Simon Quick Advisors LLC raised its stake in  Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 19.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,404 shares of the semiconductor company’s stock after buying an additional 553 shares during the quarter. Simon Quick Advisors LLC’s holdings in Analog Devices were worth $810,000 as of its most recent SEC filing. 
Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after purchasing an additional 529 shares during the period. Rossby Financial LCC bought a new stake in shares of Analog Devices during the first quarter valued at approximately $90,000. Keybank National Association OH raised its holdings in shares of Analog Devices by 85.8% during the first quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company’s stock valued at $5,461,000 after buying an additional 12,505 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Analog Devices by 1.8% during the first quarter. Private Trust Co. NA now owns 3,960 shares of the semiconductor company’s stock valued at $799,000 after buying an additional 70 shares during the last quarter. Finally, Novem Group raised its holdings in shares of Analog Devices by 38.3% during the first quarter. Novem Group now owns 1,065 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 295 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.
Analog Devices Price Performance
NASDAQ ADI opened at $234.13 on Friday. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The firm has a market capitalization of $115.18 billion, a PE ratio of 59.73, a P/E/G ratio of 1.98 and a beta of 1.09. The company’s 50 day simple moving average is $243.92 and its 200 day simple moving average is $229.78.
Analog Devices Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a yield of 1.7%. Analog Devices’s payout ratio is 101.02%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on ADI shares. Piper Sandler lifted their price target on Analog Devices from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. KeyCorp lifted their price target on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Cantor Fitzgerald lifted their price target on Analog Devices from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Evercore ISI lifted their price target on Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. lifted their price target on Analog Devices from $300.00 to $310.00 and gave the company 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $275.29.
Get Our Latest Stock Analysis on ADI
Insider Transactions at Analog Devices
In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of Analog Devices stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the transaction, the senior vice president owned 63,048 shares in the company, valued at approximately $15,525,570. The trade was a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward H. Frank sold 1,000 shares of Analog Devices stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $242.74, for a total transaction of $242,740.00. Following the completion of the transaction, the director owned 5,118 shares in the company, valued at approximately $1,242,343.32. This trade represents a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,115 shares of company stock valued at $12,232,985 in the last 90 days. 0.33% of the stock is owned by corporate insiders.
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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