Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Integrated Investment Consultants LLC

Posted by on Mar 16th, 2023

Integrated Investment Consultants LLC decreased its position in Analog Devices, Inc. (NASDAQ:ADI – Get Rating) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,126 shares of the semiconductor company’s stock after selling 93 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Analog Devices were worth $296,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Industrial Alliance Investment Management Inc. lifted its holdings in shares of Analog Devices by 0.9% during the third quarter. Industrial Alliance Investment Management Inc. now owns 61,781 shares of the semiconductor company’s stock valued at $8,609,000 after purchasing an additional 548 shares during the last quarter. National Pension Service increased its position in Analog Devices by 1.0% in the 3rd quarter. National Pension Service now owns 896,421 shares of the semiconductor company’s stock worth $127,283,000 after purchasing an additional 8,825 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its position in Analog Devices by 4.2% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 18,629 shares of the semiconductor company’s stock worth $2,596,000 after purchasing an additional 750 shares during the last quarter. Kentucky Retirement Systems increased its position in Analog Devices by 4.8% in the 3rd quarter. Kentucky Retirement Systems now owns 40,689 shares of the semiconductor company’s stock worth $5,670,000 after purchasing an additional 1,849 shares during the last quarter. Finally, Alpha DNA Investment Management LLC increased its position in Analog Devices by 147.7% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 20,443 shares of the semiconductor company’s stock worth $2,848,000 after purchasing an additional 12,191 shares during the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Analog Devices Stock Down 2.0 %

NASDAQ ADI opened at $182.93 on Thursday. The stock has a fifty day moving average of $177.76 and a 200-day moving average of $162.62. The stock has a market capitalization of $92.54 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. Analog Devices, Inc. has a 52 week low of $133.48 and a 52 week high of $196.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.50 and a current ratio of 2.12.

Analog Devices (NASDAQ:ADI – Get Rating) last released its earnings results on Wednesday, February 15th. The semiconductor company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.60 by $0.15. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Analog Devices had a return on equity of 14.69% and a net margin of 27.27%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period last year, the firm earned $1.94 EPS. On average, equities research analysts forecast that Analog Devices, Inc. will post 10.6 EPS for the current year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 8th. Investors of record on Monday, February 27th were paid a dividend of $0.86 per share. The ex-dividend date of this dividend was Friday, February 24th. This is a boost from Analog Devices’s previous quarterly dividend of $0.76. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.88%. Analog Devices’s payout ratio is 51.89%.

Analyst Ratings Changes

ADI has been the topic of a number of analyst reports. Oppenheimer increased their price objective on Analog Devices from $210.00 to $230.00 in a report on Thursday, February 16th. Citigroup increased their target price on Analog Devices from $195.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 17th. BMO Capital Markets increased their target price on Analog Devices from $195.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. Raymond James increased their target price on Analog Devices from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. Finally, Cowen increased their target price on Analog Devices from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $213.68.

Insider Buying and Selling

In related news, Director James Champy sold 1,495 shares of Analog Devices stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $185.44, for a total transaction of $277,232.80. Following the completion of the sale, the director now directly owns 6,371 shares of the company’s stock, valued at $1,181,438.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Analog Devices news, Director Edward H. Frank sold 5,000 shares of Analog Devices stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $193.09, for a total transaction of $965,450.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at $579,270. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James Champy sold 1,495 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $185.44, for a total value of $277,232.80. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at $1,181,438.24. The disclosure for this sale can be found here. Insiders sold a total of 14,195 shares of company stock valued at $2,697,723 over the last three months. Company insiders own 0.46% of the company’s stock.

About Analog Devices

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Analog Devices, Inc is a global high-performance semiconductor company, which engages in the design, development, manufacture, and marketing of integrated circuits (ICs). It produces a range of innovative products, including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro electromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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