Leelyn Smith LLC Acquires 253 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Leelyn Smith LLC boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,604 shares of the semiconductor company’s stock after buying an additional 253 shares during the quarter. Analog Devices accounts for approximately 0.9% of Leelyn Smith LLC’s investment portfolio, making the stock its 26th largest position. Leelyn Smith LLC’s holdings in Analog Devices were worth $4,973,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC increased its holdings in Analog Devices by 1.0% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 10,955 shares of the semiconductor company’s stock worth $2,167,000 after purchasing an additional 111 shares during the period. Ascent Group LLC grew its position in shares of Analog Devices by 156.6% in the 1st quarter. Ascent Group LLC now owns 19,718 shares of the semiconductor company’s stock worth $3,900,000 after buying an additional 12,035 shares during the last quarter. Paloma Partners Management Co lifted its position in Analog Devices by 483.3% during the first quarter. Paloma Partners Management Co now owns 1,518 shares of the semiconductor company’s stock valued at $300,000 after acquiring an additional 1,914 shares during the last quarter. Benchmark Investment Advisors LLC grew its holdings in Analog Devices by 299.9% in the first quarter. Benchmark Investment Advisors LLC now owns 6,355 shares of the semiconductor company’s stock worth $1,257,000 after purchasing an additional 4,766 shares during the last quarter. Finally, Interval Partners LP acquired a new position in Analog Devices during the 1st quarter valued at about $1,978,000. 86.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ADI. Bank of America decreased their price target on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Truist Financial cut Analog Devices from a “buy” rating to a “hold” rating and reduced their price target for the company from $266.00 to $233.00 in a research report on Monday, September 23rd. Morgan Stanley increased their price target on shares of Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $250.00 price objective on shares of Analog Devices in a research report on Tuesday, October 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $252.05.

Analog Devices Stock Up 0.3 %

Shares of ADI opened at $214.59 on Friday. Analog Devices, Inc. has a 52-week low of $179.63 and a 52-week high of $244.14. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $224.87 and a two-hundred day simple moving average of $225.40. The company has a market capitalization of $106.54 billion, a PE ratio of 64.44, a price-to-earnings-growth ratio of 2.97 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. Analog Devices’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.49 earnings per share. As a group, equities analysts forecast that Analog Devices, Inc. will post 6.34 EPS for the current year.

Insider Transactions at Analog Devices

In related news, Director Edward H. Frank sold 995 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the completion of the sale, the director now directly owns 3,753 shares of the company’s stock, valued at approximately $879,365.43. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $228.69, for a total transaction of $2,286,900.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at $11,672,108.91. The trade was a 16.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,995 shares of company stock worth $25,116,338 in the last 90 days. Insiders own 0.31% of the company’s stock.

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.