AE Wealth Management LLC Grows Position in Analog Devices, Inc. (NASDAQ:ADI)

AE Wealth Management LLC lifted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 9.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,514 shares of the semiconductor company's stock after acquiring an additional 2,986 shares during the quarter. AE Wealth Management LLC's holdings in Analog Devices were worth $6,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Portland Global Advisors LLC lifted its holdings in Analog Devices by 1.3% during the fourth quarter. Portland Global Advisors LLC now owns 4,014 shares of the semiconductor company's stock valued at $853,000 after purchasing an additional 53 shares in the last quarter. Continuum Advisory LLC lifted its holdings in Analog Devices by 14.8% during the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock valued at $89,000 after purchasing an additional 57 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in Analog Devices by 0.4% during the first quarter. Proficio Capital Partners LLC now owns 14,523 shares of the semiconductor company's stock valued at $2,929,000 after purchasing an additional 58 shares in the last quarter. Alps Advisors Inc. lifted its holdings in Analog Devices by 1.1% during the first quarter. Alps Advisors Inc. now owns 5,688 shares of the semiconductor company's stock valued at $1,147,000 after purchasing an additional 60 shares in the last quarter. Finally, Keystone Financial Services lifted its holdings in Analog Devices by 1.6% during the first quarter. Keystone Financial Services now owns 3,791 shares of the semiconductor company's stock valued at $765,000 after purchasing an additional 61 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the sale, the director directly owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the sale, the chief executive officer directly owned 142,996 shares of the company's stock, valued at $28,147,332.64. This represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,250 shares of company stock valued at $3,327,994 over the last three months. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Noble Financial raised shares of Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Cantor Fitzgerald upgraded shares of Analog Devices from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $250.00 to $270.00 in a research report on Wednesday, June 18th. Wells Fargo & Company set a $235.00 price objective on shares of Analog Devices and gave the company an "equal weight" rating in a research report on Monday, June 16th. Finally, Stifel Nicolaus lifted their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Six analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $258.89.

Analog Devices Trading Up 0.6%

ADI stock traded up $1.45 during mid-day trading on Friday, reaching $227.82. 2,695,595 shares of the stock traded hands, compared to its average volume of 3,271,526. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.73. The stock has a market capitalization of $113.06 billion, a PE ratio of 62.08, a PEG ratio of 2.09 and a beta of 1.02. The business has a 50-day moving average price of $230.63 and a two-hundred day moving average price of $215.26.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.15. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The business's revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 earnings per share. Equities research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio is currently 107.90%.

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.