Analog Devices, Inc. (NASDAQ:ADI) Holdings Raised by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 51.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,504 shares of the semiconductor company’s stock after acquiring an additional 1,859 shares during the period. Farther Finance Advisors LLC’s holdings in Analog Devices were worth $1,239,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. USA Financial Formulas lifted its stake in Analog Devices by 87.8% in the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 65 shares during the last quarter. Private Wealth Management Group LLC acquired a new stake in shares of Analog Devices in the 4th quarter valued at $29,000. New Millennium Group LLC bought a new stake in Analog Devices in the second quarter worth $29,000. Riverview Trust Co acquired a new position in Analog Devices during the first quarter worth $30,000. Finally, ORG Partners LLC lifted its position 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 buying an additional 135 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Trading Up 1.7 %

ADI stock opened at $234.84 on Monday. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year 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. The business’s 50 day moving average is $226.06 and its 200-day moving average is $212.98. The firm has a market cap of $116.60 billion, a P/E ratio of 54.87, a P/E/G ratio of 3.91 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the company posted $2.49 earnings per share. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. Equities analysts anticipate that Analog Devices, Inc. will post 6.33 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.57%. Analog Devices’s dividend payout ratio is 85.98%.

Insider Transactions at Analog Devices

In related news, EVP Gregory M. Bryant sold 17,612 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the sale, the executive vice president now directly owns 69,241 shares in the company, valued at approximately $16,198,239.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the sale, the executive vice president now owns 69,241 shares of the company’s stock, valued at approximately $16,198,239.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward H. Frank sold 500 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the completion of the sale, the director now owns 4,748 shares of the company’s stock, valued at approximately $1,078,935.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,107 shares of company stock valued at $9,014,710. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ADI shares. Stifel Nicolaus increased their price objective on Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a report on Monday, May 20th. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research report on Thursday, August 22nd. Truist Financial decreased their price objective on shares of Analog Devices from $275.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Citigroup lifted their target price on shares of Analog Devices from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Barclays upped their price target on shares of Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $251.45.

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.