Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Broderick Brian C

Broderick Brian C cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 77,204 shares of the semiconductor company’s stock after selling 830 shares during the period. Analog Devices makes up approximately 3.5% of Broderick Brian C’s holdings, making the stock its 7th largest holding. Broderick Brian C’s holdings in Analog Devices were worth $17,770,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Summit Global Investments acquired a new position in shares of Analog Devices during the third quarter worth $867,000. Versor Investments LP acquired a new position in Analog Devices in the 3rd quarter worth $952,000. Tidal Investments LLC boosted its position in Analog Devices by 24.9% in the 1st 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 last quarter. BDF Gestion acquired a new stake in shares of Analog Devices during the second quarter valued at about $4,491,000. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Analog Devices by 3.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 74,092 shares of the semiconductor company’s stock worth $16,912,000 after acquiring an additional 2,280 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI opened at $212.24 on Friday. Analog Devices, Inc. has a 1 year low of $178.66 and a 1 year high of $244.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.24 and a current ratio of 1.69. The company has a market cap of $105.38 billion, a price-to-earnings ratio of 63.74, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08. The firm has a fifty day moving average of $226.16 and a 200-day moving average of $225.02.

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

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Tuesday, September 3rd. Analog Devices’s dividend payout ratio (DPR) is presently 110.51%.

Wall Street Analyst Weigh In

ADI has been the subject of a number of recent analyst reports. Oppenheimer restated an “outperform” rating and set a $245.00 price objective on shares of Analog Devices in a research note on Thursday, August 22nd. Cantor Fitzgerald reissued a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a research report on Tuesday, October 8th. Morgan Stanley lifted their price target on shares of Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Barclays increased their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.80.

Insider Buying and Selling at Analog Devices

In related news, EVP Gregory M. Bryant sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $223.87, for a total value of $4,477,400.00. Following the completion of the transaction, the executive vice president now owns 59,093 shares of the company’s stock, valued at approximately $13,229,149.91. This trade represents a 25.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edward H. Frank sold 500 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $227.24, for a total value of $113,620.00. Following the completion of the sale, the director now directly owns 4,748 shares of the company’s stock, valued at approximately $1,078,935.52. This trade represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,495 shares of company stock valued at $25,229,958. 0.31% of the stock is owned by corporate 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.