Personal CFO Solutions LLC Sells 326 Shares of Analog Devices, Inc. $ADI

Personal CFO Solutions LLC trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 12.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,222 shares of the semiconductor company’s stock after selling 326 shares during the quarter. Personal CFO Solutions LLC’s holdings in Analog Devices were worth $529,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Prudential PLC increased its holdings in Analog Devices by 324.9% during the 2nd quarter. Prudential PLC now owns 95,293 shares of the semiconductor company’s stock worth $22,682,000 after purchasing an additional 72,868 shares during the period. Howe & Rusling Inc. bought a new position in shares of Analog Devices during the 2nd quarter worth approximately $234,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of Analog Devices during the 2nd quarter valued at $291,000. GDS Wealth Management raised its stake in Analog Devices by 67.4% in the second quarter. GDS Wealth Management now owns 36,507 shares of the semiconductor company’s stock valued at $8,689,000 after buying an additional 14,700 shares during the last quarter. Finally, Empirical Finance LLC boosted its holdings in Analog Devices by 0.6% in the second quarter. Empirical Finance LLC now owns 17,523 shares of the semiconductor company’s stock worth $4,171,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’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 value of $2,349,500.00. Following the sale, the chief executive officer owned 163,640 shares in the company, valued at approximately $38,447,218. This represents a 5.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was 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 $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 59,750 shares of company stock worth $14,684,296 over the last ninety days. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADI has been the topic of several recent analyst reports. Evercore ISI upped their price objective on shares of Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. KeyCorp upped their price target on shares of Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Piper Sandler lifted their price objective on shares of Analog Devices from $215.00 to $245.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Stifel Nicolaus set a $280.00 target price on Analog Devices in a research report on Friday. Finally, Cantor Fitzgerald raised their target price on Analog Devices from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $278.42.

Analog Devices Trading Up 3.2%

Shares of Analog Devices stock opened at $232.32 on Friday. The stock has a market cap of $114.29 billion, a PE ratio of 59.27, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. The firm has a fifty day moving average price of $238.78 and a 200 day moving average price of $234.53. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13. 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 (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.95 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 earnings per share. Equities research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices 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.