Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 0.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,810 shares of the semiconductor company’s stock after purchasing an additional 57 shares during the quarter. D.A. Davidson & CO.’s holdings in Analog Devices were worth $1,568,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ADI. Cetera Investment Advisers lifted its position in Analog Devices by 588.7% in the first quarter. Cetera Investment Advisers now owns 94,201 shares of the semiconductor company’s stock valued at $18,632,000 after acquiring an additional 80,522 shares during the last quarter. Cetera Advisors LLC lifted its holdings in shares of Analog Devices by 59.5% in the 1st quarter. Cetera Advisors LLC now owns 12,998 shares of the semiconductor company’s stock valued at $2,571,000 after purchasing an additional 4,850 shares during the last quarter. Park Place Capital Corp boosted its position in shares of Analog Devices by 59.4% in the 2nd quarter. Park Place Capital Corp now owns 1,412 shares of the semiconductor company’s stock valued at $322,000 after purchasing an additional 526 shares during the period. Massmutual Trust Co. FSB ADV increased its position in Analog Devices by 85.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,447 shares of the semiconductor company’s stock worth $330,000 after buying an additional 666 shares during the period. Finally, Marcum Wealth LLC lifted its stake in Analog Devices by 14.1% in the second quarter. Marcum Wealth LLC now owns 1,764 shares of the semiconductor company’s stock valued at $403,000 after buying an additional 218 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $228.93, for a total transaction of $2,289,300.00. Following the transaction, the chief executive officer now owns 45,326 shares of the company’s stock, valued at $10,376,481.18. This represents a 18.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction on Friday, November 1st. The shares were sold at an average price of $223.87, for a total value of $4,477,400.00. Following the completion of the sale, the executive vice president now directly owns 59,093 shares of the company’s stock, valued at approximately $13,229,149.91. This represents a 25.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,000 shares of company stock valued at $24,883,200. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their target price on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a report on Wednesday. TD Cowen reduced their target price on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday. Oppenheimer reaffirmed an “outperform” rating and set a $245.00 price objective on shares of Analog Devices in a research note on Thursday, August 22nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $250.00 target price on shares of Analog Devices in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $249.33.

Analog Devices Stock Performance

Shares of ADI opened at $218.05 on Friday. Analog Devices, Inc. has a 12-month low of $179.63 and a 12-month high of $244.14. The stock has a market cap of $108.22 billion, a P/E ratio of 66.28, a PEG ratio of 3.35 and a beta of 1.08. The company has a current ratio of 1.84, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $224.14 and a two-hundred day moving average of $225.96.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Monday, December 9th. Analog Devices’s dividend payout ratio (DPR) is presently 111.85%.

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.