Buckley Wealth Management LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) 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 – Get Free Report) 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.
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