Marcum Wealth LLC Grows Position in Analog Devices, Inc. (NASDAQ:ADI)

Marcum Wealth LLC increased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 14.1% in the second quarter, Holdings Channel reports. The fund owned 1,764 shares of the semiconductor company’s stock after purchasing an additional 218 shares during the quarter. Marcum Wealth LLC’s holdings in Analog Devices were worth $403,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. increased its holdings in Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after buying an additional 65 shares during the period. USA Financial Formulas lifted its holdings in Analog Devices by 87.8% in the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 65 shares in the last quarter. Cetera Trust Company N.A purchased a new position in Analog Devices in the 4th quarter valued at $29,000. Private Wealth Management Group LLC purchased a new position in shares of Analog Devices during the 4th quarter worth $29,000. Finally, Riverview Trust Co purchased a new position in shares of Analog Devices during the 1st quarter worth $30,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $228.08, for a total value of $2,280,800.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares in the company, valued at $11,640,975.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $228.08, for a total value of $2,280,800.00. Following the sale, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $11,640,975.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Michael Sondel sold 4,830 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $236.58, for a total value of $1,142,681.40. Following the completion of the sale, the chief accounting officer now directly owns 10,547 shares in the company, valued at approximately $2,495,209.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,642 shares of company stock worth $10,791,543. 0.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADI. Sanford C. Bernstein raised their price objective on Analog Devices from $200.00 to $220.00 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group boosted their price objective on Analog Devices from $205.00 to $252.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Stifel Nicolaus boosted their price objective on Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, May 20th. TD Cowen boosted their target price on Analog Devices from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, Bank of America upped their price objective on Analog Devices from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.50.

Analog Devices Trading Down 3.6 %

NASDAQ ADI traded down $7.40 during trading hours on Monday, hitting $200.56. 4,849,465 shares of the company’s stock were exchanged, compared to its average volume of 3,353,404. The business’s 50 day moving average is $231.39 and its 200-day moving average is $209.24. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $244.14. The firm has a market capitalization of $99.52 billion, a P/E ratio of 47.49, a price-to-earnings-growth ratio of 3.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.14. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The company’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same period last year, the business posted $2.83 EPS. As a group, analysts anticipate that Analog Devices, Inc. will post 6.24 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th were paid a $0.92 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.83%. Analog Devices’s dividend payout ratio (DPR) is currently 85.98%.

Analog Devices Profile

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.