Buckley Wealth Management LLC Invests $243,000 in Analog Devices, Inc. (NASDAQ:ADI)

Buckley Wealth Management LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,245 shares of the semiconductor company’s stock, valued at approximately $243,000.

Several other hedge funds have also added to or reduced their stakes in ADI. Richard W. Paul & Associates LLC raised its holdings in shares of Analog Devices by 2.6% during the first quarter. Richard W. Paul & Associates LLC now owns 2,154 shares of the semiconductor company’s stock worth $425,000 after acquiring an additional 54 shares during the period. Heron Financial Group LLC lifted its holdings in shares of Analog Devices by 1.2% in the fourth quarter. Heron Financial Group LLC now owns 4,518 shares of the semiconductor company’s stock valued at $721,000 after purchasing an additional 55 shares in the last quarter. Curi Wealth Management LLC boosted its position in shares of Analog Devices by 4.2% during the first quarter. Curi Wealth Management LLC now owns 1,410 shares of the semiconductor company’s stock worth $278,000 after buying an additional 57 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Analog Devices by 3.4% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,783 shares of the semiconductor company’s stock worth $352,000 after buying an additional 58 shares in the last quarter. Finally, Athena Investment Management grew its stake in shares of Analog Devices by 2.9% during the 4th quarter. Athena Investment Management now owns 2,133 shares of the semiconductor company’s stock worth $350,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADI. Wells Fargo & Company lowered their target price on Analog Devices from $185.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 24th. Wolfe Research assumed coverage on shares of Analog Devices in a research note on Wednesday, July 19th. They set a “market perform” rating on the stock. Truist Financial cut their target price on shares of Analog Devices from $251.00 to $213.00 in a research note on Thursday, May 25th. Morgan Stanley lowered their price target on Analog Devices from $195.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 24th. Finally, Citigroup cut their price objective on Analog Devices from $225.00 to $200.00 in a research report on Thursday, May 25th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $203.79.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $179.72 on Tuesday. The business has a fifty day moving average price of $185.76 and a two-hundred day moving average price of $185.76. The stock has a market capitalization of $89.56 billion, a PE ratio of 24.42, a P/E/G ratio of 1.84 and a beta of 1.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.71 and a quick ratio of 1.10. Analog Devices, Inc. has a fifty-two week low of $133.48 and a fifty-two week high of $200.10.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 23rd. The semiconductor company reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.03). The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a net margin of 29.23% and a return on equity of 15.20%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $2.52 EPS. As a group, equities analysts predict that Analog Devices, Inc. will post 10.12 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Tuesday, September 5th were given a dividend of $0.86 per share. The ex-dividend date was Friday, September 1st. This represents a $3.44 annualized dividend and a dividend yield of 1.91%. Analog Devices’s dividend payout ratio is 46.74%.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $197.64, for a total value of $1,976,400.00. Following the sale, the chief executive officer now owns 70,713 shares of the company’s stock, valued at approximately $13,975,717.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 30,000 shares of company stock valued at $5,661,500 over the last three months. 0.46% of the stock is owned by insiders.

Analog Devices Company Profile

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 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 high-end consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.