Kingswood Wealth Advisors LLC Has $1.77 Million Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Kingswood Wealth Advisors LLC boosted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 4.0% in the second quarter, HoldingsChannel.com reports. The firm owned 7,745 shares of the semiconductor company’s stock after buying an additional 298 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Analog Devices were worth $1,768,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its position in Analog Devices by 101.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 65 shares during the last quarter. USA Financial Formulas raised its position in shares of Analog Devices by 87.8% during the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 65 shares during the period. Cetera Trust Company N.A bought a new stake in shares of Analog Devices during the fourth quarter worth about $29,000. Private Wealth Management Group LLC purchased a new stake in shares of Analog Devices in the fourth quarter worth approximately $29,000. Finally, Riverview Trust Co purchased a new stake in Analog Devices in the 1st quarter valued at $30,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Performance

Shares of ADI stock traded down $3.57 during trading hours on Wednesday, reaching $201.31. 4,118,632 shares of the company traded hands, compared to its average volume of 3,367,201. The company has a market cap of $99.89 billion, a P/E ratio of 47.39, a P/E/G ratio of 3.69 and a beta of 1.08. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $244.14. The firm has a 50-day moving average price of $230.18 and a 200 day moving average price of $209.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.26 by $0.14. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.83 earnings per share. As a group, sell-side analysts predict that Analog Devices, Inc. will post 6.24 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Analysts Set New Price Targets

Several research analysts have weighed in on ADI shares. Citigroup boosted their price objective on Analog Devices from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Barclays boosted their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Oppenheimer lifted their price target on shares of Analog Devices from $215.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. KeyCorp lifted their price target on Analog Devices from $230.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 target price on shares of Analog Devices in a research note on Tuesday, July 16th. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $245.50.

Insider Buying and Selling

In other news, EVP Gregory M. Bryant sold 17,612 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the transaction, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the completion of the transaction, the executive vice president now directly owns 69,241 shares in the company, valued at $16,198,239.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Champy sold 4,200 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $233.55, for a total value of $980,910.00. Following the sale, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,487,947.05. The disclosure for this sale can be found here. Insiders have sold 46,642 shares of company stock valued at $10,791,543 in the last ninety days. 0.31% of the stock is owned by company insiders.

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.