Analog Devices, Inc. $ADI Shares Purchased by GDS Wealth Management

GDS Wealth Management grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 67.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,507 shares of the semiconductor company’s stock after buying an additional 14,700 shares during the quarter. GDS Wealth Management’s holdings in Analog Devices were worth $8,689,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ADI. Baader Bank Aktiengesellschaft boosted its position in Analog Devices by 3.9% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock worth $270,000 after purchasing an additional 43 shares during the period. Bennett Associates Wealth Management grew its position in Analog Devices by 2.9% in the second quarter. Bennett Associates Wealth Management now owns 1,624 shares of the semiconductor company’s stock valued at $387,000 after acquiring an additional 46 shares in the last quarter. Solstein Capital LLC raised its stake in shares of Analog Devices by 2.0% during the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock valued at $549,000 after purchasing an additional 46 shares during the period. Keystone Financial Services lifted its position in shares of Analog Devices by 1.2% during the second quarter. Keystone Financial Services now owns 3,837 shares of the semiconductor company’s stock worth $913,000 after purchasing an additional 46 shares in the last quarter. Finally, EFG Asset Management North America Corp. boosted its stake in shares of Analog Devices by 0.3% in the first quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company’s stock valued at $2,866,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ADI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Analog Devices in a report on Thursday, November 13th. Evercore ISI boosted their price target on Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Benchmark raised their price objective on Analog Devices from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. increased their target price on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $277.89.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the completion of the transaction, the director directly owned 155,071 shares of the company’s stock, valued at approximately $38,290,131.32. The trade was a 1.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edward H. Frank sold 1,000 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $242.74, for a total value of $242,740.00. Following the sale, the director owned 5,118 shares in the company, valued at $1,242,343.32. The trade was a 16.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 59,750 shares of company stock valued at $14,684,296. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Price Performance

Shares of ADI opened at $232.20 on Thursday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $258.13. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The firm has a market cap of $114.23 billion, a price-to-earnings ratio of 59.23, a PEG ratio of 1.98 and a beta of 1.10. The stock has a 50 day moving average of $239.50 and a 200-day moving average of $234.35.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The business’s revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. As a group, analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

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.