Atria Investments Inc Trims Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Atria Investments Inc trimmed its position in Analog Devices, Inc. (NASDAQ:ADIFree Report) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,379 shares of the semiconductor company’s stock after selling 346 shares during the period. Atria Investments Inc’s holdings in Analog Devices were worth $6,020,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADI. Dfpg Investments LLC raised its holdings in shares of Analog Devices by 3.4% in the 2nd quarter. Dfpg Investments LLC now owns 1,610 shares of the semiconductor company’s stock valued at $315,000 after acquiring an additional 53 shares in the last quarter. Oakworth Capital Inc. increased its holdings in shares of Analog Devices by 1.9% in the 2nd quarter. Oakworth Capital Inc. now owns 3,026 shares of the semiconductor company’s stock worth $589,000 after buying an additional 56 shares during the last quarter. Beaumont Financial Advisors LLC increased its holdings in shares of Analog Devices by 4.7% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 1,241 shares of the semiconductor company’s stock worth $242,000 after buying an additional 56 shares during the last quarter. Clarius Group LLC raised its position in shares of Analog Devices by 1.2% during the 2nd quarter. Clarius Group LLC now owns 4,733 shares of the semiconductor company’s stock valued at $922,000 after buying an additional 56 shares in the last quarter. Finally, West Branch Capital LLC grew its position in Analog Devices by 46.5% in the second quarter. West Branch Capital LLC now owns 186 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 59 shares in the last quarter. 85.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on ADI. Evercore ISI lifted their price target on Analog Devices from $200.00 to $210.00 in a research note on Thursday, October 5th. UBS Group increased their target price on shares of Analog Devices from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Barclays boosted their price target on shares of Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Edward Jones upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $205.00 target price on shares of Analog Devices in a report on Monday. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.56.

View Our Latest Stock Report on ADI

Insider Buying and Selling

In related news, EVP Vivek Jain sold 17,038 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $183.66, for a total transaction of $3,129,199.08. Following the completion of the sale, the executive vice president now owns 5,815 shares in the company, valued at $1,067,982.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $197.07, for a total value of $1,970,700.00. Following the completion of the sale, the chief executive officer now directly owns 5,713 shares in the company, valued at approximately $1,125,860.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vivek Jain sold 17,038 shares of Analog Devices stock in a transaction on Monday, November 27th. The shares were sold at an average price of $183.66, for a total value of $3,129,199.08. Following the transaction, the executive vice president now owns 5,815 shares in the company, valued at $1,067,982.90. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Analog Devices Trading Down 1.2 %

NASDAQ:ADI opened at $194.74 on Wednesday. The stock has a market cap of $96.56 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 2.89 and a beta of 1.21. The company has a quick ratio of 0.86, a current ratio of 1.37 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average price is $191.03 and its 200-day moving average price is $182.61. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $202.77.

Analog Devices (NASDAQ:ADIGet Free Report) last issued its earnings results on Tuesday, November 21st. The semiconductor company reported $2.01 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.01). Analog Devices had a net margin of 26.94% and a return on equity of 14.18%. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the business posted $2.73 earnings per share. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, equities research analysts forecast that Analog Devices, Inc. will post 7.05 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Monday, December 4th were given a dividend of $0.86 per share. The ex-dividend date was Friday, December 1st. This represents a $3.44 dividend on an annualized basis and a yield of 1.77%. Analog Devices’s dividend payout ratio (DPR) is 52.60%.

About Analog Devices

(Free Report)

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.

See Also

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

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