Arkadios Wealth Advisors Has $1.63 Million Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Key Points

• Arkadios Wealth Advisors significantly increased its stake in Analog Devices, Inc. by 160.2%, acquiring a total of 8,100 shares worth approximately $1.63 million.
• Several institutional investors, including Eastern Bank and Harvest Fund Management, also increased their positions in Analog Devices, indicating strong interest in the semiconductor company.
• Analysts have set a consensus rating of "Moderate Buy" for Analog Devices, with target prices varying, including a high of $285.00 from Goldman Sachs.

Arkadios Wealth Advisors increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 160.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,100 shares of the semiconductor company's stock after buying an additional 4,987 shares during the quarter. Arkadios Wealth Advisors' holdings in Analog Devices were worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC grew its stake in Analog Devices by 0.8% in the fourth quarter. FMR LLC now owns 7,450,018 shares of the semiconductor company's stock valued at $1,582,831,000 after purchasing an additional 61,390 shares in the last quarter. Northern Trust Corp grew its stake in Analog Devices by 8.4% in the fourth quarter. Northern Trust Corp now owns 5,521,162 shares of the semiconductor company's stock valued at $1,173,026,000 after purchasing an additional 427,328 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Analog Devices by 5.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,715,313 shares of the semiconductor company's stock valued at $789,356,000 after purchasing an additional 181,309 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Analog Devices by 25.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock valued at $708,260,000 after purchasing an additional 668,023 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Analog Devices by 9.0% in the fourth quarter. Nuveen Asset Management LLC now owns 3,221,053 shares of the semiconductor company's stock valued at $684,345,000 after purchasing an additional 266,532 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the transaction, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Analog Devices Price Performance

NASDAQ ADI traded up $0.69 during trading hours on Monday, reaching $222.40. 2,847,623 shares of the company's stock were exchanged, compared to its average volume of 3,454,398. The stock has a market cap of $110.37 billion, a PE ratio of 60.60, a price-to-earnings-growth ratio of 2.04 and a beta of 1.05. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.73. The firm has a fifty day moving average of $231.54 and a 200-day moving average of $215.64. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19.

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

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is currently 107.90%.

Wall Street Analyst Weigh In

ADI has been the subject of a number of analyst reports. KGI Securities initiated coverage on Analog Devices in a research report on Friday, May 23rd. They issued a "buy" rating for the company. KeyCorp boosted their price target on Analog Devices from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. TD Cowen boosted their price target on Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Noble Financial raised Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Finally, Morgan Stanley reduced their price target on Analog Devices from $214.00 to $212.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.89.

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.