NEOS Investment Management LLC Has $51.72 Million Position in Analog Devices, Inc. $ADI

NEOS Investment Management LLC lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 54.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 210,485 shares of the semiconductor company’s stock after buying an additional 74,292 shares during the quarter. NEOS Investment Management LLC’s holdings in Analog Devices were worth $51,716,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quent Capital LLC raised its stake in shares of Analog Devices by 2.4% in the third quarter. Quent Capital LLC now owns 1,810 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 42 shares during the last quarter. Carson Advisory Inc. grew its stake in shares of Analog Devices by 3.1% in the 3rd quarter. Carson Advisory Inc. now owns 1,441 shares of the semiconductor company’s stock worth $354,000 after acquiring an additional 43 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Analog Devices by 2.5% in the third quarter. Sivia Capital Partners LLC now owns 1,796 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 44 shares during the period. Klingman & Associates LLC grew its stake in shares of Analog Devices by 3.7% during the 3rd quarter. Klingman & Associates LLC now owns 1,274 shares of the semiconductor company’s stock worth $313,000 after acquiring an additional 45 shares during the period. Finally, Solstein Capital LLC raised its stake in Analog Devices by 2.0% in the 2nd 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 period. Institutional investors own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In other Analog Devices news, CAO Michael Sondel sold 8,169 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the transaction, the chief accounting officer owned 18,913 shares in the company, valued at $5,258,381.39. The trade was a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total value of $991,562.50. Following the transaction, the director owned 123,821 shares in the company, valued at approximately $39,288,403.30. This represents a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,544 shares of company stock valued at $15,320,417 in the last 90 days. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Up 1.7%

Shares of ADI stock opened at $337.10 on Tuesday. The stock has a market cap of $164.72 billion, a P/E ratio of 73.93, a PEG ratio of 1.93 and a beta of 1.03. The company’s fifty day simple moving average is $297.14 and its two-hundred day simple moving average is $261.77. The company has a quick ratio of 1.68, a current ratio of 2.19 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 $343.96.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. Analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, December 8th. Analog Devices’s dividend payout ratio is currently 86.84%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ADI shares. Susquehanna lifted their target price on shares of Analog Devices from $350.00 to $360.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Robert W. Baird raised their price objective on shares of Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Benchmark reiterated a “buy” rating and set a $285.00 price objective on shares of Analog Devices in a research note on Wednesday, November 26th. Sanford C. Bernstein restated a “market perform” rating and issued a $270.00 target price on shares of Analog Devices in a research report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. raised their price objective on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus price target of $314.87.

Analog Devices Company 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.