GW Henssler & Associates Ltd. raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,105 shares of the semiconductor company’s stock after buying an additional 2,985 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Analog Devices were worth $14,068,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of ADI. Price T Rowe Associates Inc. MD grew its holdings in Analog Devices by 26.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock valued at $2,304,098,000 after buying an additional 2,407,460 shares during the last quarter. Nuveen LLC acquired a new stake in Analog Devices during the 1st quarter valued at $351,943,000. Amundi grew its holdings in Analog Devices by 29.2% during the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock valued at $785,071,000 after buying an additional 880,636 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Analog Devices by 229.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 796,824 shares of the semiconductor company’s stock valued at $160,695,000 after buying an additional 555,065 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in Analog Devices by 211.9% during the 1st quarter. Voya Investment Management LLC now owns 745,251 shares of the semiconductor company’s stock valued at $150,295,000 after buying an additional 506,314 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Price Performance
Shares of Analog Devices stock opened at $225.32 on Friday. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The stock has a market capitalization of $110.85 billion, a P/E ratio of 57.48, a PEG ratio of 1.90 and a beta of 1.09. 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 business’s fifty day moving average price is $241.66 and its 200 day moving average price is $224.21.
Analog Devices Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.8%. Analog Devices’s dividend payout ratio (DPR) is presently 101.02%.
Insider Transactions at Analog Devices
In related news, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total value of $5,085,800.00. Following the transaction, the chief executive officer owned 23,515 shares in the company, valued at approximately $5,979,629.35. This trade represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the transaction, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. This trade represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,240 shares of company stock valued at $12,980,578 in the last ninety days. Company insiders own 0.33% of the company’s stock.
Analyst Upgrades and Downgrades
ADI has been the topic of a number of analyst reports. Citigroup reiterated a “buy” rating and set a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a report on Monday, July 7th. KeyCorp raised their price objective on Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Friday, August 22nd. Stifel Nicolaus raised their price objective on Analog Devices from $248.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, Noble Financial upgraded Analog Devices to an “outperform” rating in a report on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average target price of $275.29.
Get Our Latest Research Report on Analog Devices
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.
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