Wealthcare Advisory Partners LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,457 shares of the semiconductor company’s stock, valued at approximately $212,000.

Several other institutional investors also recently made changes to their positions in ADI. Sumitomo Mitsui Financial Group Inc. acquired a new position in Analog Devices in the 2nd quarter worth approximately $119,000. WFG Advisors LP increased its holdings in Analog Devices by 26.4% in the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after buying an additional 330 shares during the period. Clear Perspective Advisors LLC increased its holdings in Analog Devices by 3,884.2% in the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after buying an additional 1,476 shares during the period. NEXT Financial Group Inc increased its holdings in Analog Devices by 64.4% in the 3rd quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after buying an additional 600 shares during the period. Finally, Crow Point Partners LLC acquired a new position in Analog Devices in the 3rd quarter worth approximately $140,000. 87.20% of the stock is owned by hedge funds and other institutional investors.

Shares of Analog Devices, Inc. (ADI) opened at $85.18 on Thursday. Analog Devices, Inc. has a one year low of $71.00 and a one year high of $93.99. The stock has a market cap of $31,510.99, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.58 and a beta of 1.29. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 53.4% compared to the same quarter last year. equities analysts expect that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were paid a $0.45 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.11%. Analog Devices’s dividend payout ratio is currently 86.96%.

A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Thursday. B. Riley reaffirmed a “buy” rating and set a $110.00 price objective on shares of Analog Devices in a research note on Sunday, August 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $97.00 price objective on shares of Analog Devices in a research note on Monday, September 25th. Morgan Stanley raised their price objective on shares of Analog Devices from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, KeyCorp reaffirmed a “buy” rating and set a $107.00 price objective on shares of Analog Devices in a research note on Friday, November 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $96.24.

In other Analog Devices news, CEO Vincent Roche sold 100,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $85.17, for a total value of $8,517,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Margaret K. Seif sold 7,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $84.53, for a total value of $591,710.00. Following the completion of the transaction, the senior vice president now owns 20,404 shares in the company, valued at approximately $1,724,750.12. The disclosure for this sale can be found here. Insiders sold a total of 219,256 shares of company stock worth $18,796,594 in the last three months. 1.10% of the stock is owned by corporate insiders.

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Analog Devices Profile

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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