Axxcess Wealth Management LLC Has $816,000 Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Axxcess Wealth Management LLC boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 36.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,545 shares of the semiconductor company’s stock after buying an additional 943 shares during the period. Axxcess Wealth Management LLC’s holdings in Analog Devices were worth $816,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Sigma Planning Corp raised its holdings in Analog Devices by 32.5% during the third quarter. Sigma Planning Corp now owns 3,121 shares of the semiconductor company’s stock worth $718,000 after buying an additional 765 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Analog Devices by 15.7% during the third quarter. Mesirow Financial Investment Management Inc. now owns 1,981 shares of the semiconductor company’s stock worth $456,000 after buying an additional 269 shares during the last quarter. Atria Investments Inc raised its holdings in Analog Devices by 5.0% during the third quarter. Atria Investments Inc now owns 48,453 shares of the semiconductor company’s stock worth $11,153,000 after buying an additional 2,296 shares during the last quarter. TCTC Holdings LLC raised its holdings in Analog Devices by 1.8% during the third quarter. TCTC Holdings LLC now owns 53,713 shares of the semiconductor company’s stock worth $12,363,000 after buying an additional 948 shares during the last quarter. Finally, Cowa LLC acquired a new position in Analog Devices during the third quarter worth $230,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $219.55 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $109.00 billion, a PE ratio of 66.21, a P/E/G ratio of 3.17 and a beta of 1.08. Analog Devices, Inc. has a twelve month low of $170.10 and a twelve month high of $244.14. The company has a 50-day moving average price of $226.32 and a two-hundred day moving average price of $224.99.

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

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.68%. Analog Devices’s dividend payout ratio (DPR) is currently 110.51%.

Insider Activity

In other news, EVP Gregory M. Bryant sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $224.10, for a total value of $6,723,000.00. Following the completion of the transaction, the executive vice president now directly owns 109,093 shares in the company, valued at approximately $24,447,741.30. This trade 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 the SEC website. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the transaction, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at approximately $4,921,334.21. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total transaction of $6,723,000.00. Following the transaction, the executive vice president now directly owns 109,093 shares in the company, valued at $24,447,741.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,495 shares of company stock worth $25,229,958. 0.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Truist Financial downgraded shares of Analog Devices from a “buy” rating to a “hold” rating and lowered their target price for the company from $266.00 to $233.00 in a report on Monday, September 23rd. Oppenheimer reiterated an “outperform” rating and issued a $245.00 target price on shares of Analog Devices in a report on Thursday, August 22nd. Bank of America lowered their target price on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $250.00 target price on shares of Analog Devices in a report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.80.

About Analog Devices

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.