Analog Devices, Inc. (NASDAQ:ADI) Stake Boosted by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its position in Analog Devices, Inc. (NASDAQ:ADI) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,745 shares of the semiconductor company’s stock after acquiring an additional 298 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Analog Devices were worth $1,768,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Pinnacle Bancorp Inc. boosted its stake in shares of Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 65 shares during the period. USA Financial Formulas grew its stake in Analog Devices by 87.8% in the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 65 shares in the last quarter. Cetera Trust Company N.A acquired a new position in Analog Devices in the 4th quarter worth about $29,000. Private Wealth Management Group LLC acquired a new position in Analog Devices in the 4th quarter worth about $29,000. Finally, Riverview Trust Co purchased a new stake in shares of Analog Devices during the 1st quarter worth about $30,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In related news, CAO Michael Sondel sold 4,830 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $236.58, for a total transaction of $1,142,681.40. Following the completion of the sale, the chief accounting officer now owns 10,547 shares in the company, valued at approximately $2,495,209.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Michael Sondel sold 4,830 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $236.58, for a total transaction of $1,142,681.40. Following the sale, the chief accounting officer now directly owns 10,547 shares in the company, valued at approximately $2,495,209.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, July 1st. The shares were sold at an average price of $226.70, for a total value of $2,267,000.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $11,570,541.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,642 shares of company stock valued at $10,791,543. 0.31% of the stock is currently owned by company insiders.

Analog Devices Stock Performance

Shares of ADI stock traded down $3.57 during mid-day trading on Wednesday, reaching $201.31. The stock had a trading volume of 4,118,632 shares, compared to its average volume of 3,367,201. The firm has a market cap of $99.89 billion, a PE ratio of 47.39, a P/E/G ratio of 3.69 and a beta of 1.08. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $244.14. The firm’s 50 day simple moving average is $230.18 and its 200 day simple moving average is $209.38.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.14. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The business’s revenue for the quarter was down 33.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.83 EPS. On average, analysts forecast that Analog Devices, Inc. will post 6.24 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 4th were paid a dividend of $0.92 per share. The ex-dividend date was Tuesday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.83%. Analog Devices’s dividend payout ratio is currently 85.98%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group started coverage on Analog Devices in a report on Monday, May 13th. They issued a “buy” rating and a $250.00 price objective on the stock. Sanford C. Bernstein raised their price target on shares of Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Oppenheimer upped their price objective on shares of Analog Devices from $215.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. KeyCorp increased their target price on shares of Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Finally, UBS Group boosted their price target on Analog Devices from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.50.

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.