J.W. Cole Advisors Inc. Acquires Shares of 129,754 Analog Devices, Inc. (NASDAQ:ADI)

J.W. Cole Advisors Inc. bought a new position in Analog Devices, Inc. (NASDAQ:ADIGet Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 129,754 shares of the semiconductor company’s stock, valued at approximately $61,000.

Several other hedge funds also recently made changes to their positions in the company. Blossom Wealth Management lifted its holdings in shares of Analog Devices by 4.8% in the 1st quarter. Blossom Wealth Management now owns 1,424 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 65 shares during the last quarter. American National Bank lifted its holdings in shares of Analog Devices by 10.9% in the 1st quarter. American National Bank now owns 682 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 67 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of Analog Devices by 24.9% in the 1st quarter. Catalyst Capital Advisors LLC now owns 371 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 74 shares during the last quarter. OPSEU Pension Plan Trust Fund lifted its holdings in shares of Analog Devices by 2.9% in the 1st quarter. OPSEU Pension Plan Trust Fund now owns 2,701 shares of the semiconductor company’s stock worth $451,000 after purchasing an additional 76 shares during the last quarter. Finally, First Pacific Financial lifted its holdings in shares of Analog Devices by 1.4% in the 1st quarter. First Pacific Financial now owns 5,584 shares of the semiconductor company’s stock worth $922,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 85.22% of the company’s stock.

Analyst Ratings Changes

ADI has been the topic of several recent research reports. Piper Sandler cut their price target on Analog Devices from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, August 18th. Citigroup lifted their target price on Analog Devices from $192.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Bank of America cut their target price on Analog Devices from $220.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, June 29th. The Goldman Sachs Group cut their target price on Analog Devices from $185.00 to $167.00 in a research note on Friday, July 15th. Finally, Needham & Company LLC downgraded Analog Devices from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.53.

Insider Buying and Selling

In other news, Director Tunc Doluca sold 2,400 shares of Analog Devices stock in a transaction on Friday, July 8th. The stock was sold at an average price of $150.00, for a total transaction of $360,000.00. Following the transaction, the director now owns 86,357 shares in the company, valued at $12,953,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Tunc Doluca sold 2,400 shares of Analog Devices stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $150.00, for a total value of $360,000.00. Following the completion of the sale, the director now directly owns 86,357 shares in the company, valued at $12,953,550. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Vivek Jain sold 14,000 shares of Analog Devices stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $165.63, for a total transaction of $2,318,820.00. Following the completion of the sale, the senior vice president now owns 18,271 shares of the company’s stock, valued at $3,026,225.73. The disclosure for this sale can be found here. Insiders have sold 51,700 shares of company stock worth $8,827,200 in the last three months. 0.91% of the stock is currently owned by insiders.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $145.34 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.92 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $74.75 billion, a price-to-earnings ratio of 40.15, a PEG ratio of 1.30 and a beta of 1.16. The stock’s fifty day simple moving average is $161.82 and its 200 day simple moving average is $158.48. Analog Devices, Inc. has a 52-week low of $138.50 and a 52-week high of $191.95.

Analog Devices (NASDAQ:ADIGet Rating) last issued its earnings results on Wednesday, August 17th. The semiconductor company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Analog Devices had a return on equity of 11.92% and a net margin of 17.00%. The company’s quarterly revenue was up 76.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 EPS. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 9.42 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Tuesday, August 30th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, August 29th. Analog Devices’s payout ratio is 83.98%.

Analog Devices Profile

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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 include performance, integration, and software design simulation tools for accurate power supply designs.

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

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