Analog Devices, Inc. (NASDAQ:ADI) Stake Lifted by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.5% in the 1st quarter, HoldingsChannel reports. The firm owned 44,475 shares of the semiconductor company’s stock after purchasing an additional 639 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Analog Devices were worth $8,969,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of ADI. Norges Bank acquired a new position in shares of Analog Devices during the 4th quarter valued at about $1,755,958,000. GAMMA Investing LLC lifted its position in shares of Analog Devices by 25,460.1% during the 1st quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company’s stock worth $446,037,000 after buying an additional 2,203,062 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in Analog Devices by 301.1% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company’s stock valued at $335,933,000 after purchasing an additional 1,186,981 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Analog Devices by 71.0% in the 4th quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company’s stock valued at $458,683,000 after buying an additional 896,694 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Analog Devices by 25.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company’s stock valued at $708,260,000 after buying an additional 668,023 shares during the period. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $196.84, for a total value of $1,968,400.00. Following the completion of the sale, the chief executive officer directly owned 142,996 shares in the company, valued at $28,147,332.64. This represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the sale, the director owned 180,071 shares of the company’s stock, valued at $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Stock Up 0.1%

ADI opened at $240.97 on Friday. The business has a 50-day moving average of $229.40 and a 200-day moving average of $214.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.73. The company has a market capitalization of $119.58 billion, a PE ratio of 65.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.02.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.15. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. Analog Devices’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 earnings per share. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is presently 107.90%.

Analyst Ratings Changes

Several research firms have recently issued reports on ADI. Wells Fargo & Company set a $235.00 price target on Analog Devices and gave the stock an “equal weight” rating in a research report on Monday, June 16th. Seaport Res Ptn upgraded Analog Devices to a “strong sell” rating in a report on Wednesday, April 30th. Barclays boosted their price target on Analog Devices from $170.00 to $185.00 and gave the company an “equal weight” rating in a report on Friday, May 23rd. Stifel Nicolaus boosted their price target on Analog Devices from $225.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Finally, Evercore ISI upped their target price on Analog Devices from $231.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and an average price target of $257.67.

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.