Nordwand Advisors LLC purchased a new position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,473 shares of the semiconductor company’s stock, valued at approximately $589,000.
Several other institutional investors have also recently made changes to their positions in ADI. Activest Wealth Management grew its stake in shares of Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 127 shares during the period. RMG Wealth Management LLC acquired a new position in Analog Devices during the 2nd quarter worth approximately $26,000. N.E.W. Advisory Services LLC bought a new position in Analog Devices in the first quarter worth approximately $33,000. Saudi Central Bank acquired a new stake in Analog Devices in the first quarter valued at approximately $39,000. Finally, Nova Wealth Management Inc. acquired a new stake in Analog Devices in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Price Performance
Shares of NASDAQ:ADI opened at $229.94 on Tuesday. The company has a market capitalization of $113.12 billion, a P/E ratio of 58.66, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. The company’s 50-day moving average is $240.16 and its 200 day moving average is $234.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. BNP Paribas Exane assumed coverage on Analog Devices in a research report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 target price on the stock. KeyCorp boosted their price target on shares of Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Seaport Res Ptn upgraded shares of Analog Devices from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Truist Financial lifted their price objective on shares of Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a report on Thursday, August 21st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.89.
Check Out Our Latest Research Report on ADI
Insider Buying and Selling
In related news, SVP Katsufumi Nakamura sold 2,490 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the transaction, the senior vice president owned 13,549 shares in the company, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $234.95, for a total value of $2,349,500.00. Following the transaction, the chief executive officer directly owned 163,640 shares of the company’s stock, valued at approximately $38,447,218. This trade represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,240 shares of company stock worth $15,301,891 in the last three months. Insiders own 0.33% 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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