Atticus Wealth Management LLC reduced its position in shares of Analog Devices, Inc. (NASDAQ: ADI – Get Rating) by 50.0% in the first quarter, HoldingsChannel reports. The company held 198 shares of the semiconductor company after selling 198 shares during the period. Atticus Wealth Management LLC’s holdings in Analog Devices were worth $33,000 when it last filed with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Peoples Financial Services CORP. increased its position in Analog Devices shares by 13.2% during the first quarter. Peoples Financial Services CORP. now owns 9,652 shares of the semiconductor company worth $1,594,000 after buying 1,129 more shares last quarter. LPL Financial LLC increased its position in Analog Devices shares by 11.4% during the 4th quarter. LPL Financial LLC now owns 131,694 shares of the semiconductor company worth $23,148,000 after buying an additional 13,495 shares last quarter. Kestra Private Wealth Services LLC increased its position in Analog Devices shares by 55.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 14,087 shares of the semiconductor company worth $2,476,000 after buying an additional 5,030 shares last quarter. Ieq Capital LLC increased its position in Analog Devices shares by 11.8% during the 4th quarter. Ieq Capital LLC now owns 12,151 shares of the semiconductor company worth $2,136,000 after buying 1,281 additional shares last quarter. Finally, Van ECK Associates Corp increased its position in Analog Devices shares by 2.7% during the 4th quarter. Van ECK Associates Corp now owns 1,922,150 shares of the semiconductor company worth $337,856,000 after buying an additional 51,278 shares last quarter. 86.15% of the shares are held by hedge funds and other institutional investors.
Separately, director Tunc Doluca sold 4,700 shares of the company in a trade on Friday, April 1. The shares were sold at an average price of $166.50, for a total transaction of $782,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director Edward H. Frank sold 1,435 shares of the company in a trade on Tuesday, May 31. The shares were sold at an average price of $166.90, for a total transaction of $239,501.50. Following the transaction, the director now owns 2,525 shares of the company, valued at $421,422.50. The disclosure of this sale can be found here. Insiders sold 10,036 shares of the company valued at $1,658,461 in the past 90 days. 0.47% of the shares are held by insiders.
A number of research firms have commented on the ADI. Truist Financial raised its price target on Analog Devices shares from $194.00 to $203.00 and gave the stock a “buy” rating in a Thursday, May 19 research report. Oppenheimer reiterated an “outperform” rating and issued a target price of $210.00 on Analog Devices stock in a report on Thursday, June 23. Sanford C. Bernstein raised its price target on Analog Devices stock to $200.00 and gave the stock an “outperform” rating in a Thursday, May 19 report. StockNews.com began covering Analog Devices shares in a report on Thursday, March 31. They issued a “holding” rating on the stock. Finally, Morgan Stanley lowered its price target on Analog Devices shares from $186.00 to $173.00 and set an “equal weight” rating on the stock in a Friday, June 10 research report. . Five investment analysts gave the stock a hold rating and seventeen gave the company a buy rating. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $199.30.
ADI stock opened at $150.59 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.99 and a debt ratio of 0.17. The company has a market capitalization of $78.28 billion, a price/earnings ratio of 42.66, a P/E/G ratio of 1.32 and a beta of 1.07. Analog Devices, Inc. has a 12-month low of $141.69 and a 12-month high of $191.95. The company has a 50-day moving average of $157.51 and a two-hundred-day moving average of $161.54.
Analog Devices (NASDAQ:ADI – Get Rating) last released its results on Wednesday, May 18. The semiconductor company reported EPS of $2.40 for the quarter, beating the consensus estimate of $2.11 by $0.29. The company posted revenue of $2.97 billion in the quarter, versus a consensus estimate of $2.84 billion. Analog Devices had a net margin of 16.84% and a return on equity of 12.11%. The company’s revenue for the quarter increased by 78.9% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $1.54. On average, research analysts expect Analog Devices, Inc. to post EPS of 9.24 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 9. Shareholders of record on Tuesday, May 31 received a dividend of $0.76. This represents a dividend of $3.04 on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Friday, May 27. Analog Devices’ distribution rate is 86.12%.
Profile of analog devices (Get an assessment)
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data conversion products, which translate real-world analog signals into digital data, as well as digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing and power management applications in the automotive, communications, industrial and high-end consumption; and power supply ICs include performance simulation, integration, and software design tools for accurate power supply designs.
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