Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Professional Advisory Services Inc.

Professional Advisory Services Inc. increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,298 shares of the semiconductor company's stock after acquiring an additional 4,590 shares during the quarter. Analog Devices makes up about 2.2% of Professional Advisory Services Inc.'s portfolio, making the stock its 27th biggest holding. Professional Advisory Services Inc.'s holdings in Analog Devices were worth $16,641,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Baader Bank Aktiengesellschaft increased its position in shares of Analog Devices by 3.9% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,143 shares of the semiconductor company's stock worth $259,000 after purchasing an additional 43 shares during the last quarter. Grove Bank & Trust increased its position in shares of 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. CVA Family Office LLC raised its stake in shares of Analog Devices by 40.2% in the 2nd quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 45 shares during the period. Legacy Financial Advisors Inc. lifted 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 worth $795,000 after acquiring an additional 48 shares during the last quarter. Finally, Quotient Wealth Partners LLC boosted 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 purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Stock Up 0.4 %

Analog Devices stock traded up $0.99 during mid-day trading on Friday, hitting $228.33. The company had a trading volume of 1,763,014 shares, compared to its average volume of 3,250,594. The stock has a market cap of $113.30 billion, a price-to-earnings ratio of 53.35, a PEG ratio of 3.87 and a beta of 1.07. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $244.14. The business has a fifty day moving average of $225.61 and a 200 day moving average of $220.63.

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

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.92 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.61%. Analog Devices's dividend payout ratio (DPR) is 85.98%.

Analyst Ratings Changes

A number of analysts have issued reports on ADI shares. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research report on Thursday, August 22nd. Barclays boosted their price objective on Analog Devices from $235.00 to $250.00 and gave the company an "equal weight" rating in a report on Thursday, July 18th. Cantor Fitzgerald restated a "neutral" rating and set a $250.00 target price on shares of Analog Devices in a report on Tuesday, October 8th. Morgan Stanley boosted their price target on shares of Analog Devices from $250.00 to $257.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Analog Devices from $260.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Six equities research 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 has a consensus rating of "Moderate Buy" and an average target price of $249.80.

Insider Buying and Selling

In related news, Director Edward H. Frank sold 500 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $227.24, for a total transaction of $113,620.00. Following the transaction, the director now owns 4,748 shares of the company's stock, valued at $1,078,935.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Gregory M. Bryant sold 30,000 shares of the business's 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 transaction, the executive vice president now directly owns 109,093 shares in the company, valued at $24,447,741.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward H. Frank sold 500 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the completion of the sale, the director now owns 4,748 shares of the company's stock, valued at approximately $1,078,935.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,495 shares of company stock worth $20,794,658 in the last 90 days. Company insiders own 0.31% of the company's stock.

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.