SOA Wealth Advisors LLC. lowered its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 6.1% in the 2nd quarter, Holdings Channel reports. The firm owned 935 shares of the semiconductor company’s stock after selling 61 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Analog Devices were worth $222,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Trust Co. of Vermont boosted its position in shares of Analog Devices by 0.3% during the 2nd quarter. Trust Co. of Vermont now owns 69,098 shares of the semiconductor company’s stock valued at $16,447,000 after acquiring an additional 173 shares during the last quarter. Impact Capital Partners LLC boosted its position in shares of Analog Devices by 1.0% during the 2nd quarter. Impact Capital Partners LLC now owns 12,035 shares of the semiconductor company’s stock valued at $2,865,000 after acquiring an additional 116 shares during the last quarter. Childress Capital Advisors LLC bought a new stake in shares of Analog Devices during the 2nd quarter valued at about $207,000. Union Bancaire Privee UBP SA boosted its position in shares of Analog Devices by 20.4% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 11,539 shares of the semiconductor company’s stock valued at $2,673,000 after acquiring an additional 1,952 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its position in shares of Analog Devices by 5.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 1,172 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.
Analog Devices Trading Up 1.0%
NASDAQ ADI opened at $241.67 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The firm has a market capitalization of $118.89 billion, a PE ratio of 61.65, a P/E/G ratio of 2.02 and a beta of 1.09. The stock’s 50 day moving average is $240.61 and its 200 day moving average is $222.98.
Analog Devices Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.99 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices’s payout ratio is currently 101.02%.
Insider Transactions at Analog Devices
In related news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total transaction of $771,625.00. Following the sale, the director directly owned 155,071 shares in the company, valued at $38,290,131.32. The trade was a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $243.71, for a total value of $2,437,100.00. Following the sale, the chief executive officer owned 140,118 shares in the company, valued at $34,148,157.78. This represents a 6.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,240 shares of company stock valued at $12,737,838. Company insiders own 0.33% of the company’s stock.
Wall Street Analysts Forecast Growth
ADI has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on Analog Devices from $273.00 to $288.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Thursday, August 21st. Citigroup restated a “buy” rating and issued a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Cantor Fitzgerald lifted their price target on Analog Devices from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Raymond James Financial raised Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a research note on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $275.29.
View Our Latest Stock Analysis on ADI
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.
Featured Articles
- Five stocks we like better than Analog Devices
- Industrial Products Stocks Investing
- General Dynamics Hits New Highs: Why It Might Keep Climbing
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Nike’s Turnaround: If the Shoe Fits, Buy It!
- What is Insider Trading? What You Can Learn from Insider Trading
- NVIDIA Breaks Out to New Highs: What Comes Next?
Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI – Free Report).
Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.