Prospera Private Wealth LLC Has $230,000 Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Prospera Private Wealth LLC lessened its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 21.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,001 shares of the semiconductor company’s stock after selling 270 shares during the quarter. Prospera Private Wealth LLC’s holdings in Analog Devices were worth $230,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Swiss National Bank lifted its stake in Analog Devices by 0.3% in the third quarter. Swiss National Bank now owns 1,472,875 shares of the semiconductor company’s stock valued at $339,012,000 after buying an additional 4,600 shares during the period. Summit Global Investments acquired a new position in Analog Devices in the third quarter valued at about $867,000. Versor Investments LP acquired a new position in Analog Devices in the third quarter valued at about $952,000. Tidal Investments LLC lifted its stake in Analog Devices by 24.9% in the first quarter. Tidal Investments LLC now owns 31,715 shares of the semiconductor company’s stock valued at $6,268,000 after buying an additional 6,314 shares during the period. Finally, BDF Gestion acquired a new position in Analog Devices in the second quarter valued at about $4,491,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Up 0.3 %

Shares of NASDAQ:ADI opened at $211.01 on Thursday. The company has a market capitalization of $104.76 billion, a price-to-earnings ratio of 63.37, a P/E/G ratio of 2.89 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24. The business’s 50-day moving average is $225.25 and its 200-day moving average is $225.41. Analog Devices, Inc. has a 1 year low of $179.44 and a 1 year high of $244.14.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ADI shares. Oppenheimer restated an “outperform” rating and issued a $245.00 price target on shares of Analog Devices in a report on Thursday, August 22nd. Truist Financial downgraded Analog Devices from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $266.00 to $233.00 in a report on Monday, September 23rd. Morgan Stanley increased their price objective on Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Cantor Fitzgerald reiterated a “neutral” rating and set a $250.00 price objective on shares of Analog Devices in a report on Tuesday, October 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.80.

Insider Activity

In related news, EVP Gregory M. Bryant sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total transaction of $6,723,000.00. Following the transaction, the executive vice president now directly owns 109,093 shares of the company’s stock, valued at approximately $24,447,741.30. This represents a 21.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 in the company, valued at approximately $11,672,108.91. This trade represents a 16.38 % 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 in the last ninety days. 0.31% of the stock is owned by company insiders.

Analog Devices Company 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.