NorthRock Partners LLC cut its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 9.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 4,072 shares of the semiconductor company’s stock after selling 446 shares during the quarter. NorthRock Partners LLC’s holdings in Analog Devices were worth $937,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the company. New Millennium Group LLC purchased a new stake in Analog Devices in the 2nd quarter valued at approximately $29,000. ORG Partners LLC raised its holdings in shares of Analog Devices by 675.0% in the second quarter. ORG Partners LLC now owns 155 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. CVA Family Office LLC boosted its stake in shares of Analog Devices by 40.2% during the second quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 45 shares during the last quarter. Hobbs Group Advisors LLC purchased a new stake in Analog Devices during the 2nd quarter worth about $37,000. Finally, New Covenant Trust Company N.A. acquired a new position in Analog Devices in the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 86.81% of the company’s stock.
Insider Transactions at Analog Devices
In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $228.69, for a total transaction of $2,286,900.00. Following the transaction, the chief executive officer now 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 document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Gregory M. Bryant sold 30,000 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $224.10, for a total value of $6,723,000.00. Following the completion of the transaction, the executive vice president now owns 109,093 shares in the company, valued at $24,447,741.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $228.69, for a total transaction of $2,286,900.00. Following the sale, the chief executive officer now owns 51,039 shares in the company, valued at $11,672,108.91. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,495 shares of company stock valued at $22,991,258. 0.31% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on ADI
Analog Devices Stock Down 2.8 %
Shares of ADI traded down $6.38 during mid-day trading on Tuesday, reaching $217.81. 759,382 shares of the stock traded hands, compared to its average volume of 3,197,905. The firm has a market cap of $108.14 billion, a price-to-earnings ratio of 67.32, a P/E/G ratio of 3.16 and a beta of 1.08. The stock has a fifty day simple moving average of $227.16 and a 200 day simple moving average of $223.83. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12-month low of $165.59 and a 12-month high of $244.14.
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.27 billion. During the same quarter in the previous year, the business posted $2.49 EPS. The firm’s revenue was down 24.8% compared to the same quarter last year. Sell-side analysts expect that Analog Devices, Inc. will post 6.34 EPS for the current fiscal year.
Analog Devices Announces Dividend
The firm also recently announced 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. This represents a $3.68 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Tuesday, September 3rd. Analog Devices’s dividend payout ratio (DPR) is currently 110.51%.
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.
Read More
- Five stocks we like better than Analog Devices
- Options Trading – Understanding Strike Price
- These 2 Big Players Are Set to Compete With Elon Musk’s Starlink
- 5 Top Rated Dividend Stocks to Consider
- NXP Semiconductors Nears Rock Bottom: A Buy Signal Is Expected
- How to Use High Beta Stocks to Maximize Your Investing Profits
- NVIDIA, Sherwin-Williams Join the Dow: What Investors Should Know
Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI – Free Report).
Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.