Werba Rubin Papier Wealth Management increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 33.1% in the second quarter, Holdings Channel reports. The firm owned 1,392 shares of the semiconductor company’s stock after buying an additional 346 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Analog Devices were worth $318,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New Millennium Group LLC bought a new position in shares of Analog Devices during the second quarter worth $29,000. USA Financial Formulas grew its stake in Analog Devices by 87.8% in the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 65 shares during the period. Private Wealth Management Group LLC bought a new stake in shares of Analog Devices in the fourth quarter worth about $29,000. Riverview Trust Co acquired a new stake in shares of Analog Devices during the first quarter worth about $30,000. Finally, ORG Partners LLC lifted its holdings in shares of Analog Devices by 675.0% during the 2nd quarter. ORG Partners LLC now owns 155 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Oppenheimer reissued an “outperform” rating and set a $245.00 target price on shares of Analog Devices in a research note on Thursday, August 22nd. Stifel Nicolaus raised their price objective on shares of Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, May 20th. KeyCorp upped their target price on shares of Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Susquehanna increased their target price on Analog Devices from $230.00 to $280.00 and gave the stock a “positive” rating in a report on Thursday, May 23rd. Finally, Truist Financial reduced their price objective on Analog Devices from $275.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average target price of $251.45.
Analog Devices Stock Performance
ADI stock traded down $5.42 during midday trading on Friday, reaching $213.64. 3,437,085 shares of the company were exchanged, compared to its average volume of 3,368,705. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $244.14. The firm has a market capitalization of $106.01 billion, a price-to-earnings ratio of 49.92, a price-to-earnings-growth ratio of 3.91 and a beta of 1.07. The business has a 50-day moving average price of $225.39 and a two-hundred day moving average price of $213.97. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24.
Analog Devices (NASDAQ:ADI – Get Free Report) last announced its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.50 by $0.08. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. Analog Devices’s revenue was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.49 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 6.33 EPS for the current year.
Analog Devices Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.72%. Analog Devices’s dividend payout ratio (DPR) is currently 85.98%.
Insider Buying and Selling
In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $11,570,541.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Edward H. Frank sold 500 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $227.24, for a total transaction of $113,620.00. Following the completion of the sale, the director now directly owns 4,748 shares in the company, valued at approximately $1,078,935.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $226.70, for a total value of $2,267,000.00. Following the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at $11,570,541.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,107 shares of company stock valued at $11,301,610. Insiders own 0.31% 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.
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