Analog Devices, Inc. (NASDAQ:ADI) Stock Holdings Lessened by Venturi Wealth Management LLC

Venturi Wealth Management LLC reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,773 shares of the semiconductor company’s stock after selling 636 shares during the quarter. Venturi Wealth Management LLC’s holdings in Analog Devices were worth $1,099,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADI. Atomi Financial Group Inc. purchased a new position in shares of Analog Devices during the 1st quarter valued at $215,000. Bleakley Financial Group LLC grew its holdings in shares of Analog Devices by 23.1% during the 1st quarter. Bleakley Financial Group LLC now owns 18,455 shares of the semiconductor company’s stock valued at $3,650,000 after acquiring an additional 3,459 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Analog Devices during the 1st quarter valued at $5,205,000. Koshinski Asset Management Inc. grew its holdings in shares of Analog Devices by 20.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 4,266 shares of the semiconductor company’s stock valued at $844,000 after acquiring an additional 729 shares in the last quarter. Finally, Dearborn Partners LLC grew its holdings in shares of Analog Devices by 3.5% during the 1st quarter. Dearborn Partners LLC now owns 58,119 shares of the semiconductor company’s stock valued at $11,495,000 after acquiring an additional 1,990 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $220.47 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $109.46 billion, a price-to-earnings ratio of 66.21, a P/E/G ratio of 3.17 and a beta of 1.08. Analog Devices, Inc. has a 1-year low of $170.10 and a 1-year high of $244.14. The firm’s 50-day moving average price is $226.61 and its two-hundred day moving average price is $224.83.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.08. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior year, the firm earned $2.49 earnings per share. The company’s quarterly revenue was down 24.8% compared to the same quarter last year. On average, equities analysts predict that Analog Devices, Inc. will post 6.34 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.92 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 1.67%. Analog Devices’s dividend payout ratio (DPR) is currently 110.51%.

Wall Street Analyst Weigh In

ADI has been the subject of a number of recent research reports. Morgan Stanley upped their price objective on shares of Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Barclays upped their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Finally, Bank of America decreased their price objective on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.80.

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $228.69, for a total value of $2,286,900.00. Following the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at approximately $11,672,108.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $228.69, for a total value of $2,286,900.00. Following the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at approximately $11,672,108.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward H. Frank sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the completion of the transaction, the director now directly owns 4,748 shares in the company, valued at approximately $1,078,935.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,495 shares of company stock valued at $25,229,958 over the last three months. 0.31% of the stock is owned by insiders.

About Analog Devices

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.