Analog Devices, Inc. $ADI Shares Bought by Pinkerton Wealth LLC

Pinkerton Wealth LLC lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,895 shares of the semiconductor company’s stock after acquiring an additional 218 shares during the period. Pinkerton Wealth LLC’s holdings in Analog Devices were worth $3,307,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Activest Wealth Management lifted its position 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 worth $26,000 after buying an additional 127 shares during the last quarter. RMG Wealth Management LLC bought a new position in shares of Analog Devices during the second quarter valued at approximately $26,000. Saudi Central Bank acquired a new stake in shares of Analog Devices during the 1st quarter worth approximately $39,000. Nova Wealth Management Inc. acquired a new stake in shares of Analog Devices during the 1st quarter worth approximately $42,000. Finally, Access Investment Management LLC acquired a new position in Analog Devices during the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Performance

ADI opened at $266.51 on Tuesday. The business has a 50 day moving average price of $240.03 and a two-hundred day moving average price of $236.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The company has a market capitalization of $130.50 billion, a price-to-earnings ratio of 67.99, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $268.47.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data 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 10.32% and a net margin of 18.85%.The company 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. Research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Monday, December 8th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $3.96 annualized dividend and a dividend yield of 1.5%. Analog Devices’s payout ratio is currently 86.84%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Cfra restated a “buy” rating and set a $280.00 price objective on shares of Analog Devices in a research note on Tuesday, November 25th. Stifel Nicolaus set a $280.00 target price on shares of Analog Devices in a research note on Friday, November 21st. Evercore ISI decreased their target price on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a research report on Tuesday, November 25th. Wells Fargo & Company raised their price target on shares of Analog Devices from $250.00 to $265.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Analog Devices in a research report on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $281.87.

Insider Buying and Selling at Analog Devices

In related news, SVP Martin Cotter sold 12,500 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the completion of the sale, the senior vice president directly owned 63,048 shares of the company’s stock, valued at $15,525,570. This represents a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred 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. The trade was a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 39,750 shares of company stock valued at $9,598,496 over the last quarter. Company 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.