Rosenberg Matthew Hamilton lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 494 shares of the semiconductor company’s stock after selling 55 shares during the period. Rosenberg Matthew Hamilton’s holdings in Analog Devices were worth $118,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of 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 purchasing an additional 127 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in Analog Devices during the 2nd quarter worth approximately $26,000. Alpine Bank Wealth Management purchased a new stake in Analog Devices during the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC purchased a new stake in Analog Devices during the 1st quarter worth approximately $33,000. Finally, North Capital Inc. purchased a new stake in Analog Devices during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.
Analog Devices Stock Performance
ADI opened at $238.15 on Thursday. 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 firm has a fifty day moving average price of $242.55 and a 200 day moving average price of $224.72. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13. The stock has a market cap of $117.16 billion, a P/E ratio of 60.75, a P/E/G ratio of 1.98 and a beta of 1.09.
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 paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Analog Devices’s payout ratio is currently 101.02%.
Analysts Set New Price Targets
Several research firms have recently commented on ADI. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Analog Devices in a report on Wednesday, October 8th. Seaport Res Ptn raised shares of Analog Devices from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Wells Fargo & Company upped their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, August 21st. Zacks Research raised shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Friday, August 22nd. Finally, UBS Group dropped their price objective on shares of Analog Devices from $285.00 to $280.00 and set a “buy” rating on the stock in a report on Monday, July 7th. Two research 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 company’s stock. According to data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and an average target price of $275.29.
Check Out Our Latest Analysis on ADI
Insider Activity at Analog Devices
In other Analog Devices news, SVP Katsufumi Nakamura sold 2,490 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the transaction, the senior vice president directly 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 legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Martin Cotter sold 12,500 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the transaction, the senior vice president owned 63,048 shares of the company’s stock, valued at $15,525,570. This represents a 16.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,115 shares of company stock valued at $12,232,985 in the last three months. Company 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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