apricus wealth LLC decreased its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 25.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,033 shares of the semiconductor company’s stock after selling 350 shares during the quarter. apricus wealth LLC’s holdings in Analog Devices were worth $246,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ADI. Brighton Jones LLC raised its stake in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 529 shares during the period. GAMMA Investing LLC grew its holdings in shares of Analog Devices by 26.7% in the first quarter. GAMMA Investing LLC now owns 10,967 shares of the semiconductor company’s stock valued at $2,212,000 after purchasing an additional 2,314 shares in the last quarter. Live Oak Private Wealth LLC grew its holdings in shares of Analog Devices by 7.0% in the first quarter. Live Oak Private Wealth LLC now owns 29,855 shares of the semiconductor company’s stock valued at $6,021,000 after purchasing an additional 1,949 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in Analog Devices by 52.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 558 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 191 shares in the last quarter. Finally, Continuum Advisory LLC grew its holdings in Analog Devices by 14.8% during the 1st quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company’s stock worth $89,000 after acquiring an additional 57 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.
Analog Devices Stock Up 1.4%
ADI stock opened at $246.22 on Tuesday. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $121.13 billion, a P/E ratio of 62.81, a PEG ratio of 2.05 and a beta of 1.09. The firm has a 50 day simple moving average of $243.74 and a 200-day simple moving average of $226.35.
Analog Devices Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices’s dividend payout ratio is currently 101.02%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on ADI. JPMorgan Chase & Co. upped their target price on shares of Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a 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. KeyCorp increased their price target on shares of Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Seaport Res Ptn upgraded shares of Analog Devices from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Finally, Wells Fargo & Company increased their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $275.29.
Read Our Latest Stock Analysis on ADI
Insider Activity at Analog Devices
In related news, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $242.74, for a total value of $242,740.00. Following the completion of the sale, the director owned 5,118 shares of the company’s stock, valued at approximately $1,242,343.32. The trade was a 16.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total value of $2,437,100.00. Following the sale, the chief executive officer directly owned 140,118 shares of the company’s stock, valued at $34,148,157.78. The trade was a 6.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,115 shares of company stock valued at $12,232,985. Corporate insiders own 0.33% of the company’s stock.
About Analog Devices
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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