Benjamin Edwards Inc. Sells 65 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Benjamin Edwards Inc. cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,157 shares of the semiconductor company’s stock after selling 65 shares during the period. Benjamin Edwards Inc.’s holdings in Analog Devices were worth $721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. boosted its holdings in Analog Devices by 11.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 84,258 shares of the semiconductor company’s stock valued at $19,233,000 after acquiring an additional 8,653 shares in the last quarter. Ieq Capital LLC lifted its position in shares of Analog Devices by 9.1% in the 2nd quarter. Ieq Capital LLC now owns 28,298 shares of the semiconductor company’s stock worth $6,459,000 after purchasing an additional 2,352 shares during the period. Delaney Dennis R boosted its stake in shares of Analog Devices by 0.6% during the 2nd quarter. Delaney Dennis R now owns 30,925 shares of the semiconductor company’s stock valued at $7,059,000 after purchasing an additional 176 shares in the last quarter. MQS Management LLC raised its stake in Analog Devices by 32.4% in the second quarter. MQS Management LLC now owns 3,459 shares of the semiconductor company’s stock worth $790,000 after buying an additional 846 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Analog Devices in the second quarter worth about $2,189,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI opened at $226.78 on Friday. The company has a market cap of $112.53 billion, a price-to-earnings ratio of 52.99, a P/E/G ratio of 3.74 and a beta of 1.07. The business’s fifty day simple moving average is $223.80 and its two-hundred day simple moving average is $216.07. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $244.14. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the firm posted $2.49 earnings per share. Analog Devices’s revenue was down 24.8% compared to the same quarter last year. Research analysts anticipate that Analog Devices, Inc. will post 6.33 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 1.62%. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Bank of America reduced their target price on Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $245.00 price target on shares of Analog Devices in a research note on Thursday, August 22nd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research report on Thursday, August 22nd. JPMorgan Chase & Co. upped their target price on shares of Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a research report on Tuesday, July 16th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average target price of $251.45.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,570,541.30. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Edward H. Frank sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total value of $113,620.00. Following the transaction, the director now owns 4,748 shares of the company’s stock, valued at $1,078,935.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the sale, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $11,570,541.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,495 shares of company stock worth $7,181,458. 0.31% of the stock is owned by insiders.

Analog Devices 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.