Analog Devices, Inc. $ADI Shares Acquired by Nemes Rush Group LLC

Nemes Rush Group LLC increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 40.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,467 shares of the semiconductor company’s stock after purchasing an additional 419 shares during the quarter. Nemes Rush Group LLC’s holdings in Analog Devices were worth $349,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ADI. RMG Wealth Management LLC purchased a new position in Analog Devices in the second quarter worth approximately $26,000. Activest Wealth Management lifted its holdings in shares of Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 127 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Analog Devices in the first quarter valued at approximately $33,000. Access Investment Management LLC purchased a new position in Analog Devices during the 2nd quarter worth $45,000. Finally, Saudi Central Bank acquired a new position in Analog Devices in the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Up 3.2%

Shares of Analog Devices stock opened at $232.32 on Monday. The business has a 50 day moving average price of $238.78 and a 200 day moving average price of $235.04. The company has a market capitalization of $114.29 billion, a P/E ratio of 59.27, a P/E/G ratio of 1.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13.

Analysts Set New Price Targets

Several brokerages have issued reports on ADI. BNP Paribas Exane initiated coverage on shares of Analog Devices in a research note on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price objective on the stock. Benchmark boosted their price objective on shares of Analog Devices from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Stifel Nicolaus set a $280.00 target price on shares of Analog Devices in a report on Friday. BNP Paribas began coverage on shares of Analog Devices in a research report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price target for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a report on Thursday, August 21st. Two investment 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 stock. According to MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $278.42.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $234.95, for a total transaction of $2,349,500.00. Following the sale, the chief executive officer owned 163,640 shares of the company’s stock, valued at $38,447,218. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $230.21, for a total transaction of $719,406.25. Following the completion of the transaction, the director directly owned 142,571 shares of the company’s stock, valued at $32,821,269.91. The trade was a 2.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 59,750 shares of company stock valued at $14,684,296 over the last three months. Insiders own 0.33% of the company’s stock.

Analog Devices Company Profile

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.