Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Executive Wealth Management LLC

Executive Wealth Management LLC lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,017 shares of the semiconductor company’s stock after selling 101 shares during the period. Executive Wealth Management LLC’s holdings in Analog Devices were worth $1,131,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ADI. Measured Wealth Private Client Group LLC boosted its stake in shares of Analog Devices by 3.4% in the second quarter. Measured Wealth Private Client Group LLC now owns 2,507 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 83 shares during the period. Nicolet Bankshares Inc. boosted its stake in Analog Devices by 4.1% during the 2nd quarter. Nicolet Bankshares Inc. now owns 2,169 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 85 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Analog Devices by 1.4% during the 1st quarter. Stratos Wealth Partners LTD. now owns 6,485 shares of the semiconductor company’s stock valued at $683,000 after acquiring an additional 89 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Analog Devices by 7.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,251 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 90 shares during the last quarter. Finally, Berman Capital Advisors LLC boosted its stake in Analog Devices by 43.8% during the 1st quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 91 shares during the last quarter. 89.73% of the stock is owned by institutional investors.

A number of research analysts have commented on the stock. Royal Bank of Canada reduced their price objective on shares of Analog Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Nomura assumed coverage on shares of Analog Devices in a research note on Monday, June 3rd. They set a “neutral” rating and a $90.00 price objective on the stock. ValuEngine upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Goldman Sachs Group upgraded shares of Analog Devices from a “sell” rating to a “buy” rating and increased their price objective for the company from $101.00 to $114.00 in a research note on Monday, June 10th. Finally, Piper Jaffray Companies increased their price objective on shares of Analog Devices from $118.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Analog Devices has an average rating of “Buy” and an average target price of $109.94.



Analog Devices stock traded down $0.90 during trading hours on Thursday, hitting $109.41. 42,023 shares of the company traded hands, compared to its average volume of 2,206,984. The company has a market cap of $40.29 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.68 and a beta of 1.41. The company has a current ratio of 1.52, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $114.72. Analog Devices, Inc. has a 1-year low of $76.62 and a 1-year high of $124.79.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.06. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a net margin of 25.18% and a return on equity of 19.17%. Analog Devices’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the company earned $1.45 EPS. Analysts anticipate that Analog Devices, Inc. will post 5.24 EPS for the current year.

In other news, Director James Champy sold 8,260 shares of Analog Devices stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $121.02, for a total value of $999,625.20. Following the transaction, the director now owns 17,390 shares of the company’s stock, valued at approximately $2,104,537.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Yusuf Jamal sold 31,867 shares of Analog Devices stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $98.19, for a total transaction of $3,129,020.73. Following the completion of the transaction, the senior vice president now directly owns 2,124 shares in the company, valued at approximately $208,555.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,266 shares of company stock worth $11,006,074. 0.50% of the stock is owned by corporate insiders.

Analog Devices Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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