Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Invesco LLC

Invesco LLC grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,747 shares of the semiconductor company’s stock after purchasing an additional 93 shares during the quarter. Invesco LLC’s holdings in Analog Devices were worth $632,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. FORVIS Wealth Advisors LLC grew its holdings in Analog Devices by 29.4% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 2,162 shares of the semiconductor company’s stock valued at $428,000 after buying an additional 491 shares during the period. Norden Group LLC raised its stake in Analog Devices by 15.6% during the first quarter. Norden Group LLC now owns 1,915 shares of the semiconductor company’s stock valued at $379,000 after buying an additional 258 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Analog Devices by 6.5% during the first quarter. J.W. Cole Advisors Inc. now owns 1,086 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 66 shares during the last quarter. Connecticut Wealth Management LLC acquired a new position in shares of Analog Devices in the 1st quarter valued at about $201,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Analog Devices by 9.1% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,851 shares of the semiconductor company’s stock valued at $2,344,000 after purchasing an additional 988 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Edward H. Frank sold 995 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total value of $233,138.45. Following the transaction, the director now directly owns 3,753 shares of the company’s stock, valued at approximately $879,365.43. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Gregory M. Bryant sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total value of $6,723,000.00. Following the completion of the sale, the executive vice president now directly owns 109,093 shares of the company’s stock, valued at approximately $24,447,741.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward H. Frank sold 995 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the transaction, the director now directly owns 3,753 shares in the company, valued at $879,365.43. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 81,495 shares of company stock valued at $18,513,858 over the last quarter. Insiders own 0.31% of the company’s stock.

Analog Devices Stock Up 1.1 %

NASDAQ ADI traded up $2.37 on Friday, reaching $225.48. The stock had a trading volume of 2,922,814 shares, compared to its average volume of 3,216,943. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 1 year low of $161.64 and a 1 year high of $244.14. The business has a 50 day moving average price of $227.19 and a 200 day moving average price of $223.11. The company has a market capitalization of $111.95 billion, a price-to-earnings ratio of 67.71, a P/E/G ratio of 3.82 and a beta of 1.07.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The firm’s revenue was down 24.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.49 earnings per share. On average, analysts forecast that Analog Devices, Inc. will post 6.34 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.92 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.63%. Analog Devices’s dividend payout ratio (DPR) is currently 110.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ADI shares. Bank of America dropped their price target on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Oppenheimer reiterated an “outperform” rating and issued a $245.00 target price on shares of Analog Devices in a research report on Thursday, August 22nd. Morgan Stanley upped their price target on shares of Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Cantor Fitzgerald reiterated a “neutral” rating and set a $250.00 price objective on shares of Analog Devices in a research note on Tuesday, October 8th. Finally, Barclays upped their target price on Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $249.80.

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.