MML Investors Services LLC Purchases 3,691 Shares of Analog Devices, Inc. (NASDAQ:ADI)

MML Investors Services LLC lifted its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,324 shares of the semiconductor company's stock after acquiring an additional 3,691 shares during the period. MML Investors Services LLC's holdings in Analog Devices were worth $17,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ADI. Capital Performance Advisors LLP acquired a new stake in shares of Analog Devices during the third quarter worth $28,000. New Millennium Group LLC acquired a new position in shares of Analog Devices during the second quarter worth about $29,000. Archer Investment Corp grew its holdings in shares of Analog Devices by 101.4% during the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company's stock worth $33,000 after buying an additional 73 shares in the last quarter. ORG Partners LLC raised its position 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 buying an additional 135 shares during the last quarter. Finally, Hobbs Group Advisors LLC bought a new stake in Analog Devices in the 2nd quarter valued at approximately $37,000. Institutional investors own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated 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 transaction, the chief executive officer now owns 45,326 shares in the company, valued at $10,376,481.18. The trade was a 18.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction 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 trade represents a 25.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,000 shares of company stock valued at $22,596,300 in the last ninety days. 0.31% of the stock is currently owned by company insiders.

Analog Devices Stock Performance

NASDAQ:ADI traded down $3.43 during mid-day trading on Tuesday, reaching $215.61. 2,678,976 shares of the company's stock were exchanged, compared to its average volume of 3,222,886. Analog Devices, Inc. has a one year low of $181.80 and a one year high of $244.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84. The business's fifty day simple moving average is $222.95 and its two-hundred day simple moving average is $225.88. The firm has a market capitalization of $107.01 billion, a PE ratio of 65.53, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

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

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend 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 Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of Analog Devices from $233.00 to $227.00 and set a "hold" rating on the stock in a report on Wednesday, November 27th. JPMorgan Chase & Co. increased 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research report on Wednesday, November 27th. Morgan Stanley reduced their price target on Analog Devices from $252.00 to $248.00 and set an "overweight" rating for the company in a research report on Wednesday, November 27th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $250.00 price target on shares of Analog Devices in a research report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $249.33.

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.