Executive Wealth Management LLC Invests $12.26 Million in Analog Devices, Inc. (NASDAQ:ADI)

Executive Wealth Management LLC purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 53,268 shares of the semiconductor company's stock, valued at approximately $12,261,000. Analog Devices makes up about 1.0% of Executive Wealth Management LLC's portfolio, making the stock its 24th largest position.

A number of other large investors have also recently modified their holdings of the company. Baader Bank Aktiengesellschaft lifted its position in shares of Analog Devices by 3.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 1,143 shares of the semiconductor company's stock valued at $259,000 after buying an additional 43 shares during the last quarter. Grove Bank & Trust lifted its position in Analog Devices by 3.1% during the third quarter. Grove Bank & Trust now owns 1,445 shares of the semiconductor company's stock valued at $333,000 after acquiring an additional 43 shares during the last quarter. Legacy Financial Advisors Inc. boosted its stake in Analog Devices by 1.4% in the second quarter. Legacy Financial Advisors Inc. now owns 3,482 shares of the semiconductor company's stock valued at $795,000 after acquiring an additional 48 shares in the last quarter. Quotient Wealth Partners LLC grew its holdings in Analog Devices by 2.5% in the third quarter. Quotient Wealth Partners LLC now owns 1,977 shares of the semiconductor company's stock worth $455,000 after purchasing an additional 48 shares during the last quarter. Finally, Bank of Hawaii increased its position in shares of Analog Devices by 4.8% during the third quarter. Bank of Hawaii now owns 1,043 shares of the semiconductor company's stock worth $240,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded down $3.43 during midday trading on Tuesday, reaching $215.61. 2,678,976 shares of the company's stock traded hands, compared to its average volume of 3,222,886. The company has a fifty day simple moving average of $222.95 and a two-hundred day simple moving average of $225.88. Analog Devices, Inc. has a 1 year low of $181.80 and a 1 year high of $244.14. The company has a market cap of $107.01 billion, a P/E ratio of 65.53, a PEG ratio of 2.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.03. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.41 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The company's revenue was down 10.1% compared to the same quarter last year. During the same period last year, the firm posted $2.01 earnings per share. Equities analysts predict that Analog Devices, Inc. will post 7.15 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 9th will be issued a $0.92 dividend. The ex-dividend date is Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a yield of 1.71%. Analog Devices's payout ratio is 111.85%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADI. Cantor Fitzgerald restated a "neutral" rating and set a $250.00 target price on shares of Analog Devices in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Analog Devices from $260.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. TD Cowen dropped their price target on Analog Devices from $270.00 to $260.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Oppenheimer restated an "outperform" rating and issued a $245.00 price objective on shares of Analog Devices in a research note on Thursday, August 22nd. Finally, Bank of America dropped their target price on Analog Devices from $260.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, August 22nd. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $249.33.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $228.93, for a total value of $2,289,300.00. Following the completion of the transaction, the chief executive officer now directly owns 45,326 shares in the company, valued at approximately $10,376,481.18. This represents a 18.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gregory M. Bryant sold 30,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $228.93, for a total value of $6,867,900.00. Following the sale, the executive vice president now directly owns 79,093 shares of the company's stock, valued at $18,106,760.49. The trade was a 27.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,000 shares of company stock worth $22,596,300. 0.31% of the stock is 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.