PUREfi Wealth LLC decreased its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 7.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,723 shares of the semiconductor company’s stock after selling 131 shares during the quarter. PUREfi Wealth LLC’s holdings in Analog Devices were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Analog Devices by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company’s stock valued at $9,975,681,000 after purchasing an additional 359,841 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Analog Devices by 26.7% in 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 purchasing an additional 2,407,460 shares during the period. Raymond James Financial Inc. boosted its position in shares of Analog Devices by 0.3% in the 1st quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company’s stock valued at $793,616,000 after purchasing an additional 12,666 shares during the period. Amundi boosted its position in shares of Analog Devices by 29.2% in the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock valued at $785,071,000 after purchasing an additional 880,636 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Analog Devices by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,397,181 shares of the semiconductor company’s stock valued at $685,109,000 after purchasing an additional 63,566 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Stock Up 0.1%
ADI opened at $241.99 on Monday. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The business has a 50-day moving average of $240.89 and a 200-day moving average of $223.42. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The company has a market capitalization of $119.05 billion, a PE ratio of 61.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09.
Analog Devices Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. Analog Devices’s dividend payout ratio (DPR) is 101.02%.
Insider Transactions at Analog Devices
In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total value of $2,437,100.00. Following the transaction, the chief executive officer directly owned 140,118 shares of the company’s stock, valued at approximately $34,148,157.78. This trade represents a 6.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the firm’s stock in a transaction that occurred on 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. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,240 shares of company stock valued at $12,737,838 over the last 90 days. Company insiders own 0.33% of the company’s stock.
Analysts Set New Price Targets
ADI has been the subject of a number of recent analyst reports. Seaport Res Ptn upgraded Analog Devices from a “strong sell” rating to a “hold” rating in a research report on Monday, July 21st. Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Evercore ISI raised their price objective on Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. KeyCorp raised their price objective on Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Keefe, Bruyette & Woods upgraded Analog Devices to an “outperform” rating in a research report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $275.29.
View Our Latest Research Report on ADI
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.
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