KPP Advisory Services LLC Buys 203 Shares of Analog Devices, Inc. (NASDAQ:ADI)

KPP Advisory Services LLC boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 14.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,573 shares of the semiconductor company’s stock after buying an additional 203 shares during the quarter. KPP Advisory Services LLC’s holdings in Analog Devices were worth $362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ADI. Maxwell Wealth Strategies Inc. acquired a new position in shares of Analog Devices in the third quarter valued at $1,345,000. Natixis Advisors LLC increased its holdings in Analog Devices by 6.9% in the 3rd quarter. Natixis Advisors LLC now owns 763,472 shares of the semiconductor company’s stock valued at $175,728,000 after buying an additional 49,612 shares during the period. Archer Investment Corp raised its stake in shares of Analog Devices by 101.4% in the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 73 shares in the last quarter. Empirical Finance LLC lifted its holdings in shares of Analog Devices by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 17,370 shares of the semiconductor company’s stock worth $3,998,000 after acquiring an additional 335 shares during the period. Finally, CIBC Asset Management Inc boosted its position in shares of Analog Devices by 4.8% during the 3rd quarter. CIBC Asset Management Inc now owns 179,698 shares of the semiconductor company’s stock valued at $41,361,000 after acquiring an additional 8,239 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction 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 completion of 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 represents a 16.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward H. Frank sold 995 shares of Analog Devices stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $234.31, for a total value of $233,138.45. Following the completion of the sale, the director now directly owns 3,753 shares in the company, valued at $879,365.43. This represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,495 shares of company stock worth $25,229,958. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Oppenheimer restated an “outperform” rating and set a $245.00 target price on shares of Analog Devices in a research report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price target on Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Finally, Truist Financial downgraded shares of Analog Devices from a “buy” rating to a “hold” rating and reduced their target price for the company from $266.00 to $233.00 in a research note on Monday, September 23rd. 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $249.80.

Analog Devices Price Performance

Shares of ADI stock opened at $206.35 on Friday. The firm’s 50 day moving average price is $225.88 and its two-hundred day moving average price is $225.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.24 and a current ratio of 1.69. Analog Devices, Inc. has a 52-week low of $178.66 and a 52-week high of $244.14. The stock has a market cap of $102.45 billion, a PE ratio of 61.97, a PEG ratio of 2.98 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last announced 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. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The firm’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.49 earnings per share. As a group, analysts forecast that Analog Devices, Inc. will post 6.34 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, September 3rd. Analog Devices’s payout ratio is presently 110.51%.

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.