Comprehensive Financial Consultants Institutional Inc. Purchases 9,605 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Comprehensive Financial Consultants Institutional Inc. grew its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 166.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,371 shares of the semiconductor company's stock after buying an additional 9,605 shares during the period. Analog Devices accounts for about 1.3% of Comprehensive Financial Consultants Institutional Inc.'s portfolio, making the stock its 25th biggest holding. Comprehensive Financial Consultants Institutional Inc.'s holdings in Analog Devices were worth $3,538,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. New Millennium Group LLC bought a new position in Analog Devices during the second quarter worth about $29,000. ORG Partners LLC raised its holdings 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 in the last quarter. CVA Family Office LLC increased its position in shares of Analog Devices by 40.2% in the second quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 45 shares during the period. Hobbs Group Advisors LLC bought a new stake in Analog Devices during the second quarter worth about $37,000. Finally, Trifecta Capital Advisors LLC increased its holdings in Analog Devices by 544.8% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 187 shares of the semiconductor company's stock valued at $43,000 after buying an additional 158 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Gregory M. Bryant sold 30,000 shares of the firm's 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 transaction, the executive vice president now owns 109,093 shares of the company's stock, valued at $24,447,741.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Edward H. Frank sold 500 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $227.24, for a total transaction of $113,620.00. Following the sale, the director now directly owns 4,748 shares of the company's stock, valued at $1,078,935.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory M. Bryant sold 30,000 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $224.10, for a total transaction of $6,723,000.00. Following the completion of the transaction, the executive vice president now directly owns 109,093 shares of the company's stock, valued at approximately $24,447,741.30. The trade was a 0.00 % decrease in their position. 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 three months. Insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on ADI shares. Morgan Stanley upped their price target on Analog Devices from $250.00 to $257.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Barclays boosted their price target on shares of Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 18th. Cantor Fitzgerald reiterated a "neutral" rating and set a $250.00 price objective on shares of Analog Devices in a research report on Tuesday, October 8th. Oppenheimer restated an "outperform" rating and issued a $245.00 target price on shares of Analog Devices in a report on Thursday, August 22nd. Finally, Truist Financial downgraded Analog Devices from a "buy" rating to a "hold" rating and decreased their price target for the stock from $266.00 to $233.00 in a report on Monday, September 23rd. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of "Moderate Buy" and an average price target of $249.80.

Analog Devices Price Performance

NASDAQ ADI traded down $1.97 during trading hours on Friday, reaching $225.80. 3,005,280 shares of the stock traded hands, compared to its average volume of 3,209,525. Analog Devices, Inc. has a 1 year low of $166.78 and a 1 year 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 50 day simple moving average of $226.85 and a two-hundred day simple moving average of $224.09. The company has a market cap of $112.11 billion, a price-to-earnings ratio of 68.40, a price-to-earnings-growth ratio of 3.14 and a beta of 1.08.

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

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, September 3rd. Analog Devices's payout ratio is currently 110.51%.

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.