Maia Wealth LLC Has $388,000 Stock Position in Analog Devices, Inc. $ADI

Maia Wealth LLC cut its position in Analog Devices, Inc. (NASDAQ:ADI) by 18.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,632 shares of the semiconductor company’s stock after selling 368 shares during the period. Maia Wealth LLC’s holdings in Analog Devices were worth $388,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management grew its position in Analog Devices by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 127 shares during the last quarter. RMG Wealth Management LLC acquired a new position in Analog Devices in the second quarter worth $26,000. N.E.W. Advisory Services LLC acquired a new position in Analog Devices in the first quarter worth $33,000. Saudi Central Bank bought a new stake in shares of Analog Devices during the first quarter worth $39,000. Finally, Nova Wealth Management Inc. acquired a new stake in shares of Analog Devices in the first quarter valued at $42,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Performance

Shares of NASDAQ:ADI opened at $257.92 on Thursday. The firm’s 50 day simple moving average is $239.06 and its 200 day simple moving average is $235.77. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $260.74. The company has a market capitalization of $126.89 billion, a price-to-earnings ratio of 65.80, a P/E/G ratio of 1.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.22 by $0.04. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 earnings per share. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Monday, December 8th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) is presently 101.02%.

Insiders Place Their Bets

In other news, Director Edward H. Frank sold 1,000 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $242.74, for a total transaction of $242,740.00. Following the sale, the director owned 5,118 shares of the company’s stock, valued at $1,242,343.32. This trade represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $230.21, for a total value of $719,406.25. Following the completion of the transaction, the director owned 142,571 shares of the company’s stock, valued at $32,821,269.91. This represents a 2.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 39,750 shares of company stock valued at $9,598,496. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Thursday, August 21st. Morgan Stanley upped their target price on shares of Analog Devices from $288.00 to $293.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus set a $280.00 price target on shares of Analog Devices in a report on Friday, November 21st. Wells Fargo & Company boosted their price objective on shares of Analog Devices from $250.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $281.87.

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.