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

Executive Wealth Management LLC bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,268 shares of the semiconductor company's stock, valued at approximately $12,261,000. Analog Devices accounts for about 1.6% of Executive Wealth Management LLC's holdings, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new position in shares of Analog Devices in the third quarter worth $28,000. New Millennium Group LLC bought a new stake in Analog Devices during the 2nd quarter worth approximately $29,000. ORG Partners LLC lifted 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 valued at $35,000 after purchasing an additional 135 shares in the last quarter. CVA Family Office LLC boosted 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. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Analog Devices in the second quarter worth $37,000. Institutional investors own 86.81% of the company's stock.

Analog Devices Price Performance

Shares of Analog Devices stock traded down $1.97 during mid-day trading on Friday, reaching $225.80. 3,426,964 shares of the stock were exchanged, compared to its average volume of 2,521,661. The company has a market cap of $112.11 billion, a price-to-earnings ratio of 67.81, a price-to-earnings-growth ratio of 3.17 and a beta of 1.08. The firm has a 50-day simple moving average of $226.61 and a 200 day simple moving average of $224.39. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a fifty-two week low of $166.78 and a fifty-two 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, beating analysts' consensus estimates of $1.50 by $0.08. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The firm's quarterly revenue was down 24.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.49 EPS. On average, sell-side analysts predict that Analog Devices, Inc. will post 6.34 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders 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 annualized dividend and a yield of 1.63%. Analog Devices's dividend payout ratio (DPR) is presently 110.51%.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $228.69, for a total value of $2,286,900.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,672,108.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $228.69, for a total value of $2,286,900.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,672,108.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward H. Frank sold 500 shares of the company's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $227.24, for a total value of $113,620.00. Following the sale, the director now owns 4,748 shares of the company's stock, valued at $1,078,935.52. The trade was 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 in the last ninety days. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ADI. Barclays increased their price target on Analog Devices from $235.00 to $250.00 and gave the company an "equal weight" rating in a research note on Thursday, July 18th. 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 research report on Thursday, August 22nd. Truist Financial lowered shares of Analog Devices from a "buy" rating to a "hold" rating and lowered their price objective for the company from $266.00 to $233.00 in a research report on Monday, September 23rd. Cantor Fitzgerald restated a "neutral" rating and issued a $250.00 target price on shares of Analog Devices in a report on Tuesday, October 8th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $245.00 price target on shares of Analog Devices in a report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.