Analog Devices, Inc. (NASDAQ:ADI) Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,302 shares of the semiconductor company's stock after buying an additional 4,369 shares during the quarter. Assetmark Inc.'s holdings in Analog Devices were worth $16,181,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in Analog Devices in the first quarter valued at approximately $1,483,000. Atomi Financial Group Inc. purchased a new stake in shares of Analog Devices during the first quarter worth $215,000. Inspire Advisors LLC increased its position in shares of Analog Devices by 6.3% during the first quarter. Inspire Advisors LLC now owns 3,072 shares of the semiconductor company's stock worth $608,000 after acquiring an additional 181 shares during the period. Russell Investments Group Ltd. increased its position in shares of Analog Devices by 2.2% during the first quarter. Russell Investments Group Ltd. now owns 445,646 shares of the semiconductor company's stock worth $87,776,000 after acquiring an additional 9,580 shares during the period. Finally, US Bancorp DE increased its position in shares of Analog Devices by 0.8% during the first quarter. US Bancorp DE now owns 512,203 shares of the semiconductor company's stock worth $101,309,000 after acquiring an additional 4,020 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research report on Thursday, August 22nd. Cantor Fitzgerald reiterated a "neutral" rating and set a $250.00 target price on shares of Analog Devices in a research note on Tuesday, October 8th. Bank of America lowered their target price on shares of Analog Devices from $260.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, August 22nd. Oppenheimer reiterated an "outperform" rating and set a $245.00 target price on shares of Analog Devices in a research note on Thursday, August 22nd. Finally, Morgan Stanley boosted their target price on shares of Analog Devices from $250.00 to $257.00 and gave the stock an "overweight" rating in a research note 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $249.80.

Insider Buying and Selling

In other Analog Devices news, EVP Gregory M. Bryant sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 59,093 shares of the company's stock, valued at approximately $13,229,149.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Gregory M. Bryant sold 20,000 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward H. Frank sold 500 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the completion of the sale, the director now owns 4,748 shares in the company, valued at $1,078,935.52. 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 valued at $25,229,958 over the last ninety days. Corporate insiders own 0.31% of the company's stock.

Analog Devices Stock Performance

Shares of NASDAQ:ADI traded down $5.33 on Monday, reaching $220.47. The company's stock had a trading volume of 3,105,265 shares, compared to its average volume of 3,210,980. The stock's 50-day moving average is $226.61 and its two-hundred day moving average is $224.83. Analog Devices, Inc. has a 52-week low of $170.10 and a 52-week high of $244.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24. The stock has a market capitalization of $109.46 billion, a P/E ratio of 67.81, a PEG ratio of 3.17 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.08. The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The business's revenue was down 24.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.49 earnings per share. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 6.34 EPS for the current year.

Analog Devices Announces Dividend

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

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.