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

Venturi Wealth Management LLC decreased its position in Analog Devices, Inc. (NASDAQ:ADIFree Report) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,009 shares of the semiconductor company’s stock after selling 260 shares during the period. Venturi Wealth Management LLC’s holdings in Analog Devices were worth $995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ancora Advisors LLC increased its holdings in Analog Devices by 2.1% in the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock worth $480,000 after buying an additional 57 shares during the period. Legacy Advisors LLC increased its stake in shares of Analog Devices by 2.3% in the third quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock worth $465,000 after acquiring an additional 59 shares during the period. MRA Advisory Group raised its holdings in shares of Analog Devices by 2.5% during the third quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company’s stock worth $444,000 after purchasing an additional 61 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Analog Devices by 3.1% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 2,083 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 62 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its position in Analog Devices by 5.4% during the third quarter. Sage Mountain Advisors LLC now owns 1,227 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ADI shares. Wolfe Research raised shares of Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price target on the stock in a report on Thursday, January 18th. Oppenheimer reiterated an “outperform” rating and set a $215.00 price target on shares of Analog Devices in a research report on Thursday, February 22nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $205.00 price objective on shares of Analog Devices in a report on Monday, March 4th. Sanford C. Bernstein downgraded Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 target price for the company. in a research note on Thursday, January 4th. Finally, The Goldman Sachs Group lifted their price objective on Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $206.26.

Get Our Latest Analysis on ADI

Analog Devices Trading Up 0.5 %

Shares of ADI stock traded up $0.96 during trading hours on Wednesday, hitting $195.84. 239,617 shares of the company were exchanged, compared to its average volume of 3,354,328. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $202.77. The firm has a fifty day moving average of $193.13 and a 200 day moving average of $184.95. The firm has a market cap of $97.12 billion, a PE ratio of 34.86, a PEG ratio of 4.93 and a beta of 1.17. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17.

Analog Devices (NASDAQ:ADIGet Free Report) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company posted $2.75 EPS. The business’s quarterly revenue was down 22.7% on a year-over-year basis. Analysts expect that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Monday, March 4th. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s dividend payout ratio is 65.83%.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $10,075,098.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the sale, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $10,075,098.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James Champy sold 1,228 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the transaction, the director now directly owns 6,371 shares in the company, valued at $1,259,164.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,228 shares of company stock valued at $4,137,802. 0.31% of the stock is currently owned by corporate insiders.

Analog Devices Company Profile

(Free Report)

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.

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

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