Gratus Wealth Advisors LLC Has $1.78 Million Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Gratus Wealth Advisors LLC lowered its position in Analog Devices, Inc. (NASDAQ:ADI) by 6.5% during the third quarter, Holdings Channel reports. The firm owned 7,863 shares of the semiconductor company’s stock after selling 546 shares during the period. Gratus Wealth Advisors LLC’s holdings in Analog Devices were worth $1,781,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Atomi Financial Group Inc. boosted its position in shares of Analog Devices by 14.1% during the 3rd quarter. Atomi Financial Group Inc. now owns 2,184 shares of the semiconductor company’s stock valued at $503,000 after purchasing an additional 270 shares in the last quarter. Marion Wealth Management lifted its stake in Analog Devices by 5.1% in the third quarter. Marion Wealth Management now owns 20,231 shares of the semiconductor company’s stock valued at $4,657,000 after buying an additional 978 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Analog Devices by 18.9% during the 3rd quarter. Versant Capital Management Inc now owns 882 shares of the semiconductor company’s stock worth $203,000 after buying an additional 140 shares in the last quarter. Salvus Wealth Management LLC grew its position in shares of Analog Devices by 0.3% during the 3rd quarter. Salvus Wealth Management LLC now owns 19,521 shares of the semiconductor company’s stock worth $4,493,000 after buying an additional 57 shares during the period. Finally, Fulton Bank N.A. increased its stake in shares of Analog Devices by 53.2% in the 3rd quarter. Fulton Bank N.A. now owns 1,936 shares of the semiconductor company’s stock valued at $446,000 after acquiring an additional 672 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $229.40 on Wednesday. The company has a market capitalization of $113.83 billion, a P/E ratio of 53.60, a price-to-earnings-growth ratio of 3.75 and a beta of 1.07. The company’s 50-day moving average is $222.81 and its 200 day moving average is $218.94. 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 fifty-two week low of $154.99 and a fifty-two week high of $244.14.

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 the consensus estimate of $1.50 by $0.08. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The business 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 firm posted $2.49 earnings per share. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. On average, equities research analysts forecast that Analog Devices, Inc. will post 6.34 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, September 3rd. Analog Devices’s dividend payout ratio is currently 85.98%.

Analysts Set New Price Targets

ADI has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Barclays raised their target price on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Bank of America decreased their price target on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Oppenheimer reissued an “outperform” rating and set a $245.00 target price on shares of Analog Devices in a research report on Thursday, August 22nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research report on Thursday, August 22nd. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $249.80.

Insider Buying and Selling at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $228.08, for a total value of $2,280,800.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $11,640,975.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Analog Devices news, Director Edward H. Frank sold 995 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the sale, the director now owns 3,753 shares in the company, valued at $879,365.43. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $228.08, for a total value of $2,280,800.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $11,640,975.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 91,495 shares of company stock worth $20,794,658 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

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.