Private Advisor Group LLC Purchases 409 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Private Advisor Group LLC increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 19,672 shares of the semiconductor company’s stock after purchasing an additional 409 shares during the period. Private Advisor Group LLC’s holdings in Analog Devices were worth $4,490,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Analog Devices by 4.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,438 shares of the semiconductor company’s stock worth $98,531,000 after buying an additional 21,522 shares during the last quarter. Point72 Italy S.r.l. bought a new stake in shares of Analog Devices during the fourth quarter worth approximately $6,367,000. Grayhawk Investment Strategies Inc. acquired a new position in shares of Analog Devices in the fourth quarter valued at approximately $850,000. Capital International Investors increased its stake in shares of Analog Devices by 5.8% during the fourth quarter. Capital International Investors now owns 4,510,652 shares of the semiconductor company’s stock worth $895,702,000 after purchasing an additional 246,799 shares during the period. Finally, Bradley Foster & Sargent Inc. CT lifted its holdings in Analog Devices by 1,055.6% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 228,275 shares of the semiconductor company’s stock worth $45,326,000 after purchasing an additional 208,522 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Trading Up 0.1 %

Shares of Analog Devices stock opened at $218.72 on Wednesday. The firm’s 50 day moving average is $225.06 and its 200 day moving average is $214.50. The firm has a market capitalization of $108.53 billion, a PE ratio of 51.10, a price-to-earnings-growth ratio of 3.55 and a beta of 1.07. 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.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share 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 analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the firm posted $2.49 earnings per share. The company’s revenue was down 24.8% on a year-over-year basis. Equities research analysts forecast that Analog Devices, Inc. will post 6.33 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, September 3rd. Analog Devices’s payout ratio is 85.98%.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm’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 value of $2,267,000.00. Following the completion of the transaction, the chief executive officer now 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 can be accessed through this link. In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $226.70, for a total value 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 $11,570,541.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward H. Frank sold 500 shares of Analog Devices stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $227.24, for a total value of $113,620.00. Following the transaction, the director now directly owns 4,748 shares in the company, valued at $1,078,935.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,107 shares of company stock worth $11,301,610. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of research reports. Stifel Nicolaus upped 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. KeyCorp raised their price target on shares of Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. TD Cowen boosted their price objective on shares of Analog Devices from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Robert W. Baird increased their target price on shares of Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Finally, The Goldman Sachs Group lifted their price target on shares of Analog Devices from $205.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.45.

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.