Independent Advisor Alliance Boosts Stake in Analog Devices, Inc. $ADI

Independent Advisor Alliance increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 33.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,132 shares of the semiconductor company’s stock after acquiring an additional 6,726 shares during the period. Independent Advisor Alliance’s holdings in Analog Devices were worth $6,666,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ADI. Solstein Capital LLC lifted 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 worth $549,000 after purchasing an additional 46 shares in the last quarter. SG Americas Securities LLC lifted its position in Analog Devices by 684.6% during the third quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock worth $211,871,000 after buying an additional 752,411 shares in the last quarter. Voya Investment Management LLC boosted its stake in Analog Devices by 22.3% during the third quarter. Voya Investment Management LLC now owns 1,293,403 shares of the semiconductor company’s stock worth $317,789,000 after buying an additional 236,211 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Analog Devices by 55.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,204,226 shares of the semiconductor company’s stock valued at $295,878,000 after buying an additional 427,467 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Analog Devices by 15.5% in the 3rd quarter. Cerity Partners LLC now owns 303,069 shares of the semiconductor company’s stock worth $74,463,000 after acquiring an additional 40,738 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $297.27, for a total transaction of $928,968.75. Following the sale, the director owned 130,071 shares in the company, valued at $38,666,206.17. This represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $275.07, for a total value of $2,750,700.00. Following the completion of the sale, the chief executive officer directly owned 155,688 shares in the company, valued at $42,825,098.16. This represents a 6.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 53,544 shares of company stock worth $14,328,561 over the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Trading Down 2.5%

ADI opened at $310.88 on Friday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $319.26. 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 business has a fifty day simple moving average of $284.07 and a 200-day simple moving average of $254.46. The firm has a market cap of $151.91 billion, a P/E ratio of 68.18, a P/E/G ratio of 1.72 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last posted 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 return on equity of 11.23% and a net margin of 20.58%.The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the business earned $1.67 EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, equities analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADI. Susquehanna boosted their price target on shares of Analog Devices from $350.00 to $360.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Citigroup raised their price target on shares of Analog Devices from $290.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. upped their price objective on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Evercore ISI cut their target price on Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. Finally, Bank of America upped their price target on Analog Devices from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $312.04.

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.