Atria Investments Inc Increases Position in Analog Devices, Inc. (NASDAQ:ADI)

Atria Investments Inc lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,453 shares of the semiconductor company's stock after purchasing an additional 2,296 shares during the quarter. Atria Investments Inc's holdings in Analog Devices were worth $11,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in shares of Analog Devices during the 3rd quarter worth approximately $28,000. New Millennium Group LLC bought a new stake in shares of Analog Devices during the 2nd quarter worth approximately $29,000. ORG Partners LLC raised its stake in Analog Devices by 675.0% in the 2nd quarter. ORG Partners LLC now owns 155 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 135 shares during the period. CVA Family Office LLC raised its stake in Analog Devices by 40.2% in the 2nd quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 45 shares during the period. Finally, Hobbs Group Advisors LLC bought a new stake in Analog Devices in the 2nd quarter valued at $37,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Stock Down 2.4 %

Shares of Analog Devices stock traded down $5.33 during midday trading on Monday, hitting $220.47. The company had a trading volume of 3,105,296 shares, compared to its average volume of 3,210,981. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.24 and a current ratio of 1.69. The stock has a market capitalization of $109.46 billion, a P/E ratio of 67.81, a P/E/G ratio of 3.17 and a beta of 1.08. The company has a 50 day moving average of $226.61 and a 200 day moving average of $224.83. Analog Devices, Inc. has a 52-week low of $170.10 and a 52-week high of $244.14.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the business posted $2.49 EPS. The firm's quarterly revenue was down 24.8% compared to the same quarter last year. On average, equities analysts predict that Analog Devices, Inc. will post 6.34 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.67%. Analog Devices's payout ratio is 110.51%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, EVP Gregory M. Bryant sold 20,000 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 transaction of $4,477,400.00. Following the completion of the transaction, the executive vice president now owns 59,093 shares in the company, valued at $13,229,149.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Analog Devices news, Director Edward H. Frank sold 995 shares of Analog Devices stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $234.31, for a total value of $233,138.45. Following the transaction, the director now directly owns 3,753 shares of the company's stock, valued at approximately $879,365.43. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction 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 completion of the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders sold 111,495 shares of company stock worth $25,229,958 over the last 90 days. Company insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ADI shares. Morgan Stanley increased their price target on Analog Devices from $250.00 to $257.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Truist Financial lowered Analog Devices from a "buy" rating to a "hold" rating and reduced their target price for the stock from $266.00 to $233.00 in a report on Monday, September 23rd. Bank of America reduced their target price on Analog Devices from $260.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Cantor Fitzgerald reissued a "neutral" rating and set a $250.00 target price on shares of Analog Devices in a report on Tuesday, October 8th. Finally, Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.