Analog Devices, Inc. (NASDAQ:ADI) Shares Purchased by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 30.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,094 shares of the semiconductor company's stock after acquiring an additional 7,498 shares during the quarter. GLOBALT Investments LLC GA's holdings in Analog Devices were worth $7,387,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ADI. Baader Bank Aktiengesellschaft increased its stake 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 worth $259,000 after buying an additional 43 shares during the period. Grove Bank & Trust raised its stake in Analog Devices by 3.1% in the third quarter. Grove Bank & Trust now owns 1,445 shares of the semiconductor company's stock valued at $333,000 after buying an additional 43 shares in the last quarter. CVA Family Office LLC boosted its position in shares of Analog Devices by 40.2% during the 2nd quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 45 shares in the last quarter. Legacy Financial Advisors Inc. increased its holdings in shares of Analog Devices by 1.4% in the 2nd 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 during the last quarter. Finally, Quotient Wealth Partners LLC raised its position in shares of Analog Devices by 2.5% during the 3rd quarter. Quotient Wealth Partners LLC now owns 1,977 shares of the semiconductor company's stock worth $455,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated 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 owns 51,039 shares in the company, valued at $11,672,108.91. The trade was a 16.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward H. Frank sold 995 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the transaction, the director now directly owns 3,753 shares in the company, valued at approximately $879,365.43. This represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,495 shares of company stock valued at $25,229,958 in the last ninety days. Insiders own 0.31% of the company's stock.

Analog Devices Price Performance

Shares of ADI stock traded up $2.66 during mid-day trading on Monday, reaching $209.01. The stock had a trading volume of 1,197,095 shares, compared to its average volume of 3,208,981. Analog Devices, Inc. has a 12-month low of $179.44 and a 12-month high of $244.14. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $225.88 and a 200 day simple moving average of $225.34. The company has a market cap of $103.77 billion, a P/E ratio of 61.97, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results 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 business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the business earned $2.49 earnings per share. The company's quarterly revenue was down 24.8% on a year-over-year basis. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 6.34 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.76%. The ex-dividend date was Tuesday, September 3rd. Analog Devices's payout ratio is 110.51%.

Analyst Ratings Changes

Several equities analysts have commented on ADI shares. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research note on Thursday, August 22nd. Morgan Stanley increased their target price on shares of Analog Devices from $250.00 to $257.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Bank of America reduced their price target on shares of Analog Devices from $260.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, August 22nd. Oppenheimer reissued an "outperform" rating and issued a $245.00 price objective on shares of Analog Devices in a report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Analog Devices from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $249.80.

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.