Integrated Wealth Concepts LLC Boosts Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Integrated Wealth Concepts LLC grew its position in Analog Devices, Inc. (NASDAQ:ADI) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,030 shares of the semiconductor company’s stock after purchasing an additional 118 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Analog Devices were worth $927,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hilltop Holdings Inc. acquired a new position in shares of Analog Devices in the 3rd quarter valued at $570,000. Holocene Advisors LP lifted its holdings in shares of Analog Devices by 336.4% during the third quarter. Holocene Advisors LP now owns 1,068,572 shares of the semiconductor company’s stock worth $245,953,000 after purchasing an additional 823,709 shares during the period. Concentric Capital Strategies LP increased its holdings in Analog Devices by 3.7% in the 3rd quarter. Concentric Capital Strategies LP now owns 59,352 shares of the semiconductor company’s stock worth $13,661,000 after buying an additional 2,093 shares during the period. Benjamin Edwards Inc. raised its position in Analog Devices by 2,791.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 91,288 shares of the semiconductor company’s stock worth $21,015,000 after buying an additional 88,131 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in Analog Devices during the 3rd quarter valued at approximately $6,142,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Trading Up 0.8 %

Shares of ADI opened at $219.04 on Tuesday. Analog Devices, Inc. has a 12-month low of $181.80 and a 12-month high of $244.14. The firm has a market capitalization of $108.71 billion, a P/E ratio of 66.58, a P/E/G ratio of 2.48 and a beta of 1.05. The firm has a 50-day moving average price of $222.95 and a 200 day moving average price of $225.88. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The business’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.01 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 7.15 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 9th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Monday, December 9th. Analog Devices’s dividend payout ratio (DPR) is presently 111.85%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ADI. Truist Financial cut their price objective on shares of Analog Devices from $233.00 to $227.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Morgan Stanley reduced their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Piper Sandler reduced their price target on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $250.00 price target on shares of Analog Devices in a report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $249.33.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the completion of the transaction, the chief executive officer now directly owns 21,983 shares in the company, valued at $4,921,334.21. This trade represents a 31.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gregory M. Bryant sold 20,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the sale, the executive vice president now owns 59,093 shares in the company, valued at $13,229,149.91. This trade represents a 25.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,000 shares of company stock worth $22,596,300. 0.31% of the stock is currently owned by company insiders.

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.