Private Wealth Advisors LLC Purchases New Position in Analog Devices, Inc. (NASDAQ:ADI)

Private Wealth Advisors LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 988 shares of the semiconductor company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ADI. USA Financial Formulas increased its holdings in Analog Devices by 87.8% during the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 65 shares during the period. Cetera Trust Company N.A bought a new stake in Analog Devices during the 4th quarter valued at $29,000. Private Wealth Management Group LLC purchased a new position in shares of Analog Devices in the 4th quarter valued at $29,000. Riverview Trust Co bought a new position in shares of Analog Devices in the 1st quarter worth $30,000. Finally, Northwest Capital Management Inc lifted its stake in shares of Analog Devices by 519.2% during the 4th quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 135 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ADI shares. TD Cowen raised their price target on Analog Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Susquehanna lifted their price target on Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a research report on Thursday, May 23rd. Jefferies Financial Group initiated coverage on shares of Analog Devices in a research note on Monday, May 13th. They set a “buy” rating and a $250.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of Analog Devices from $205.00 to $252.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Barclays increased their target price on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and an average target price of $245.64.

Analog Devices Stock Down 2.5 %

NASDAQ ADI traded down $5.59 during trading hours on Thursday, hitting $221.91. 3,708,022 shares of the company were exchanged, compared to its average volume of 3,379,649. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $244.14. The company has a 50 day moving average of $226.62 and a two-hundred day moving average of $210.99. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. The firm has a market cap of $110.12 billion, a price-to-earnings ratio of 52.04, a PEG ratio of 3.69 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the business posted $2.49 EPS. The business’s revenue for the quarter was down 24.8% on a year-over-year basis. Equities research analysts anticipate that Analog Devices, Inc. will post 6.24 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $0.92 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.66%. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Insiders Place Their Bets

In related news, CAO Michael Sondel sold 4,830 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $236.58, for a total transaction of $1,142,681.40. Following the completion of the sale, the chief accounting officer now directly owns 10,547 shares of the company’s stock, valued at $2,495,209.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Analog Devices news, CAO Michael Sondel sold 4,830 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $236.58, for a total value of $1,142,681.40. Following the completion of the sale, the chief accounting officer now owns 10,547 shares of the company’s stock, valued at $2,495,209.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James Champy sold 4,200 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $233.55, for a total transaction of $980,910.00. Following the transaction, the director now owns 6,371 shares in the company, valued at $1,487,947.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,642 shares of company stock valued at $10,791,543. Insiders own 0.31% of the company’s stock.

Analog Devices 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.