Stephens Inc. AR Sells 49 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Stephens Inc. AR lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,008 shares of the semiconductor company’s stock after selling 49 shares during the quarter. Stephens Inc. AR’s holdings in Analog Devices were worth $923,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Reston Wealth Management LLC purchased a new stake in shares of Analog Devices during the third quarter valued at $48,000. Catalyst Financial Partners LLC boosted its position in Analog Devices by 7.3% in the 3rd quarter. Catalyst Financial Partners LLC now owns 2,292 shares of the semiconductor company’s stock valued at $528,000 after buying an additional 156 shares during the period. Cornerstone Wealth Group LLC bought a new position in Analog Devices in the 3rd quarter worth about $245,000. First Trust Direct Indexing L.P. increased its position in shares of Analog Devices by 14.3% during the third quarter. First Trust Direct Indexing L.P. now owns 19,358 shares of the semiconductor company’s stock worth $4,456,000 after acquiring an additional 2,418 shares during the period. Finally, Avitas Wealth Management LLC raised its stake in shares of Analog Devices by 1.6% during the third quarter. Avitas Wealth Management LLC now owns 13,808 shares of the semiconductor company’s stock valued at $3,178,000 after acquiring an additional 214 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Down 2.9 %

NASDAQ:ADI opened at $217.60 on Wednesday. The company has a market capitalization of $108.04 billion, a P/E ratio of 65.35, a PEG ratio of 3.16 and a beta of 1.08. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12 month low of $165.59 and a 12 month high of $244.14. The firm has a fifty day simple moving average of $226.87 and a 200-day simple moving average of $224.07.

Analog Devices (NASDAQ:ADI) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $2.27 billion. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The firm’s revenue was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.49 EPS. On average, equities research analysts anticipate that Analog Devices, Inc. will post 6.34 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.92 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.69%. Analog Devices’s dividend payout ratio (DPR) is presently 110.51%.

Insiders Place Their Bets

In other news, EVP Gregory M. Bryant sold 20,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $223.87, for a total value of $4,477,400.00. Following the sale, the executive vice president now owns 59,093 shares in the company, valued at $13,229,149.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $2,238,700.00. Following the completion of the transaction, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at approximately $4,921,334.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Gregory M. Bryant sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the sale, the executive vice president now directly owns 59,093 shares in the company, valued at $13,229,149.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,495 shares of company stock valued at $25,229,958. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on ADI shares. Barclays raised their price objective on Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. lifted their price objective on Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Morgan Stanley increased their target price 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. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $250.00 price objective on shares of Analog Devices in a research note on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $249.80.

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.