Wealth Enhancement Advisory Services LLC bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,570 shares of the semiconductor company’s stock, valued at approximately $310,000.
A number of other hedge funds also recently modified their holdings of the stock. Richard W. Paul & Associates LLC lifted its stake in shares of Analog Devices by 2.6% during the 1st quarter. Richard W. Paul & Associates LLC now owns 2,154 shares of the semiconductor company’s stock worth $425,000 after buying an additional 54 shares during the last quarter. Heron Financial Group LLC lifted its stake in shares of Analog Devices by 1.2% during the 4th quarter. Heron Financial Group LLC now owns 4,518 shares of the semiconductor company’s stock worth $721,000 after buying an additional 55 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in shares of Analog Devices by 4.3% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,405 shares of the semiconductor company’s stock worth $230,000 after buying an additional 58 shares during the last quarter. Keystone Financial Services lifted its stake in shares of Analog Devices by 2.0% during the 4th quarter. Keystone Financial Services now owns 3,041 shares of the semiconductor company’s stock worth $522,000 after buying an additional 60 shares during the last quarter. Finally, Athena Investment Management raised its stake in Analog Devices by 2.9% in the 4th quarter. Athena Investment Management now owns 2,133 shares of the semiconductor company’s stock worth $350,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 85.91% of the company’s stock.
Analog Devices Trading Up 1.5 %
Shares of Analog Devices stock opened at $198.27 on Friday. The firm has a market capitalization of $99.42 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.48 and a beta of 1.15. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $185.62 and its 200 day moving average is $182.05. Analog Devices, Inc. has a 1 year low of $133.48 and a 1 year high of $199.44.
Analog Devices Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Monday, June 5th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Friday, June 2nd. Analog Devices’s payout ratio is 48.73%.
Insiders Place Their Bets
In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $185.91, for a total transaction of $1,859,100.00. Following the sale, the chief executive officer now directly owns 70,713 shares of the company’s stock, valued at approximately $13,146,253.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $185.91, for a total value of $1,859,100.00. Following the sale, the chief executive officer now directly owns 70,713 shares of the company’s stock, valued at approximately $13,146,253.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kenton J. Sicchitano sold 8,460 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $192.50, for a total transaction of $1,628,550.00. Following the completion of the sale, the director now directly owns 28,335 shares in the company, valued at $5,454,487.50. The disclosure for this sale can be found here. Insiders have sold 74,051 shares of company stock valued at $13,909,815 in the last ninety days. 0.46% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several analysts have weighed in on ADI shares. Truist Financial dropped their price objective on shares of Analog Devices from $251.00 to $213.00 in a research note on Thursday, May 25th. Wells Fargo & Company dropped their price objective on shares of Analog Devices from $190.00 to $185.00 in a research note on Thursday, May 25th. Stifel Nicolaus dropped their price objective on shares of Analog Devices from $225.00 to $210.00 in a research note on Wednesday, May 24th. Susquehanna dropped their price objective on shares of Analog Devices from $225.00 to $215.00 in a research note on Wednesday, May 24th. Finally, Sanford C. Bernstein dropped their price objective on shares of Analog Devices from $220.00 to $210.00 in a research note on Thursday, May 25th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average price target of $208.04.
About Analog Devices
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.
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