SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Makes New $291,000 Investment in Analog Devices, Inc. $ADI

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,300 shares of the semiconductor company’s stock, valued at approximately $291,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft boosted its position in Analog Devices by 3.9% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock worth $270,000 after buying an additional 43 shares during the period. Bennett Associates Wealth Management increased its position in Analog Devices by 2.9% in the 2nd quarter. Bennett Associates Wealth Management now owns 1,624 shares of the semiconductor company’s stock valued at $387,000 after acquiring an additional 46 shares during the period. Solstein Capital LLC raised its stake in shares of Analog Devices by 2.0% during the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock valued at $549,000 after acquiring an additional 46 shares during the last quarter. Keystone Financial Services lifted its holdings in shares of Analog Devices by 1.2% during the second quarter. Keystone Financial Services now owns 3,837 shares of the semiconductor company’s stock worth $913,000 after purchasing an additional 46 shares during the period. Finally, EFG Asset Management North America Corp. grew its stake in shares of Analog Devices by 0.3% in the first quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company’s stock worth $2,866,000 after purchasing an additional 47 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Stock Performance

Shares of ADI stock opened at $232.20 on Thursday. 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 52 week low of $158.65 and a 52 week high of $258.13. The firm has a 50 day moving average of $239.50 and a 200-day moving average of $234.35. The company has a market cap of $114.23 billion, a price-to-earnings ratio of 59.23, a price-to-earnings-growth ratio of 1.98 and a beta of 1.10.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. Analog Devices’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 earnings per share. On average, equities analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Insider Activity at Analog Devices

In other news, Director Edward H. Frank sold 1,000 shares of the firm’s stock in a transaction dated 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 directly owned 5,118 shares in the company, valued at $1,242,343.32. This trade represents a 16.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the completion of the sale, the director directly owned 155,071 shares of the company’s stock, valued at $38,290,131.32. The trade was a 1.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 59,750 shares of company stock worth $14,684,296 over the last three months. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADI. KeyCorp raised their target price on Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. BNP Paribas Exane assumed coverage on Analog Devices in a research report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Analog Devices in a research note on Thursday, November 13th. JPMorgan Chase & Co. increased their target price on shares of Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Evercore ISI raised their price target on shares of Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $277.89.

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.