Wealth Enhancement Advisory Services LLC Sells 1,103 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,501 shares of the semiconductor company's stock after selling 1,103 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of Analog Devices worth $55,359,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Orion Capital Management LLC bought a new position in Analog Devices in the 4th quarter valued at about $27,000. Menard Financial Group LLC bought a new position in Analog Devices in the 4th quarter valued at about $27,000. Hopwood Financial Services Inc. bought a new position in Analog Devices in the 4th quarter valued at about $30,000. Mainstream Capital Management LLC bought a new position in Analog Devices in the 4th quarter valued at about $30,000. Finally, Cassady Schiller Wealth Management LLC lifted its position in Analog Devices by 63.2% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In related news, EVP Vivek Jain sold 12,684 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the transaction, the executive vice president now owns 43,175 shares in the company, valued at $9,066,750. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 142,996 shares in the company, valued at $28,147,332.64. This represents a 6.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,934 shares of company stock worth $5,807,196. 0.33% of the stock is currently owned by company insiders.

Analog Devices Stock Up 1.0%

Analog Devices stock opened at $229.65 on Friday. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. The firm has a market capitalization of $113.96 billion, a price-to-earnings ratio of 62.58, a P/E/G ratio of 2.12 and a beta of 1.00. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $208.56 and a 200 day simple moving average of $211.09.

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

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio is presently 107.90%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ADI shares. Seaport Res Ptn raised shares of Analog Devices to a "strong sell" rating in a research report on Wednesday, April 30th. Piper Sandler dropped their price target on shares of Analog Devices from $240.00 to $215.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Williams Trading set a $260.00 price objective on shares of Analog Devices in a research note on Friday, May 23rd. Finally, Noble Financial upgraded shares of Analog Devices to an "outperform" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $251.75.

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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