Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,663 shares of the semiconductor company's stock after acquiring an additional 1,105 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Analog Devices were worth $9,007,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Orion Capital Management LLC acquired a new position in Analog Devices in the 4th quarter valued at $27,000. Menard Financial Group LLC acquired a new position in Analog Devices in the 4th quarter valued at $27,000. Alpine Bank Wealth Management acquired a new position in Analog Devices in the 1st quarter valued at $27,000. North Capital Inc. acquired a new position in Analog Devices in the 1st quarter valued at $36,000. Finally, Wolff Wiese Magana LLC increased its stake in Analog Devices by 209.8% in the 1st quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company's stock valued at $38,000 after buying an additional 128 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the sale, the director owned 167,571 shares of the company's stock, valued at $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $196.84, for a total value of $1,968,400.00. Following the transaction, the chief executive officer owned 142,996 shares of the company's stock, valued at approximately $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,250 shares of company stock valued at $3,327,994 in the last ninety days. 0.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ADI. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. Seaport Res Ptn raised shares of Analog Devices to a "strong sell" rating in a research note on Wednesday, April 30th. Wells Fargo & Company set a $235.00 price target on shares of Analog Devices and gave the stock an "equal weight" rating in a research note on Monday, June 16th. Keefe, Bruyette & Woods raised shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Finally, KeyCorp upped their price target on shares of Analog Devices from $285.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $258.89.

Analog Devices Trading Up 0.4%

NASDAQ ADI opened at $241.85 on Friday. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.73. The company has a 50-day moving average of $230.08 and a 200-day moving average of $214.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. The company has a market cap of $120.02 billion, a P/E ratio of 65.90, a P/E/G ratio of 2.23 and a beta of 1.02.

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

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is presently 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.

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