Analog Devices, Inc. $ADI Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its position in Analog Devices, Inc. (NASDAQ:ADI) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,214 shares of the semiconductor company’s stock after selling 2,866 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Analog Devices were worth $16,048,000 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. Howard Hughes Medical Institute acquired a new position in Analog Devices in the 2nd quarter worth approximately $25,000. RMG Wealth Management LLC purchased a new position in shares of Analog Devices during the second quarter worth $26,000. Clayton Financial Group LLC purchased a new stake in Analog Devices in the third quarter valued at $31,000. Sound Income Strategies LLC grew its position in Analog Devices by 141.8% during the 3rd quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 95 shares during the period. Finally, Access Investment Management LLC purchased a new position in shares of Analog Devices during the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ADI. Weiss Ratings downgraded Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 20th. Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Truist Financial raised their price objective on shares of Analog Devices from $258.00 to $291.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. KeyCorp boosted their target price on shares of Analog Devices from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Finally, Cfra restated a “buy” rating and set a $280.00 price target on shares of Analog Devices in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $312.04.

Analog Devices Trading Down 0.9%

Shares of ADI opened at $305.60 on Monday. The firm’s fifty day moving average is $275.97 and its two-hundred day moving average is $252.16. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. The stock has a market cap of $149.64 billion, a PE ratio of 67.02, a price-to-earnings-growth ratio of 1.65 and a beta of 1.03. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $313.54.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the company earned $1.67 EPS. Analog Devices’s revenue was up 25.9% compared to the same quarter last year. Research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.3%. Analog Devices’s payout ratio is 86.84%.

Insider Activity at Analog Devices

In related news, CAO Michael Sondel sold 8,169 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total value of $2,271,227.07. Following the completion of the sale, the chief accounting officer owned 18,913 shares of the company’s stock, valued at approximately $5,258,381.39. This represents a 30.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $230.21, for a total transaction of $719,406.25. Following the sale, the director directly owned 142,571 shares in the company, valued at approximately $32,821,269.91. The trade was a 2.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 53,544 shares of company stock valued at $14,328,561 in the last three months. Company insiders own 0.33% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.