Aptus Capital Advisors LLC Increases Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Aptus Capital Advisors LLC boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 21.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,250 shares of the semiconductor company's stock after acquiring an additional 12,098 shares during the quarter. Aptus Capital Advisors LLC's holdings in Analog Devices were worth $15,939,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in Analog Devices during the third quarter worth $28,000. New Millennium Group LLC bought a new position in shares of Analog Devices during the second quarter valued at about $29,000. ORG Partners LLC boosted its holdings in Analog Devices by 675.0% during the second quarter. ORG Partners LLC now owns 155 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 135 shares during the last quarter. CVA Family Office LLC grew its position in Analog Devices by 40.2% in the 2nd quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 45 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in Analog Devices in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Price Performance

Shares of ADI stock traded down $0.92 on Tuesday, reaching $219.55. The company's stock had a trading volume of 2,593,905 shares, compared to its average volume of 3,208,917. The company has a market capitalization of $109.00 billion, a P/E ratio of 66.21, a PEG ratio of 3.17 and a beta of 1.08. Analog Devices, Inc. has a 12-month low of $170.10 and a 12-month high of $244.14. The stock's 50 day simple moving average is $226.32 and its 200-day simple moving average is $224.99. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, beating 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 firm had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter last year, the firm posted $2.49 EPS. The company's revenue was down 24.8% compared to the same quarter last year. As a group, equities analysts predict that Analog Devices, Inc. will post 6.34 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Tuesday, September 3rd. Analog Devices's payout ratio is 110.51%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADI. Cantor Fitzgerald restated a "neutral" rating and issued a $250.00 target price on shares of Analog Devices in a research note on Tuesday, October 8th. Oppenheimer reissued an "outperform" rating and issued a $245.00 price objective on shares of Analog Devices in a research report on Thursday, August 22nd. Morgan Stanley raised their target price on Analog Devices from $250.00 to $257.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Finally, Bank of America lowered their price target on shares of Analog Devices from $260.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.80.

Insider Activity

In other news, EVP Gregory M. Bryant sold 30,000 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total transaction of $6,723,000.00. Following the transaction, the executive vice president now directly owns 109,093 shares in the company, valued at approximately $24,447,741.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Edward H. Frank sold 500 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $227.24, for a total transaction of $113,620.00. Following the transaction, the director now directly owns 4,748 shares of the company's stock, valued at approximately $1,078,935.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total value of $6,723,000.00. Following the completion of the transaction, the executive vice president now owns 109,093 shares in the company, valued at approximately $24,447,741.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,495 shares of company stock worth $25,229,958. 0.31% of the stock is currently owned by corporate insiders.

Analog Devices 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.