Motiv8 Investments LLC Takes $738,000 Position in Analog Devices, Inc. (NASDAQ:ADI)

Motiv8 Investments LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,206 shares of the semiconductor company's stock, valued at approximately $738,000.

Other institutional investors have also bought and sold shares of the company. New Millennium Group LLC acquired a new stake in Analog Devices during the second quarter worth about $29,000. ORG Partners LLC raised its position in shares of Analog Devices by 675.0% during 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 period. CVA Family Office LLC lifted its holdings in Analog Devices by 40.2% in the second 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 last quarter. Hobbs Group Advisors LLC purchased a new position in Analog Devices in the second quarter worth approximately $37,000. Finally, Trifecta Capital Advisors LLC increased its stake in Analog Devices by 544.8% during the second quarter. Trifecta Capital Advisors LLC now owns 187 shares of the semiconductor company's stock worth $43,000 after acquiring an additional 158 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Edward H. Frank sold 500 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total value of $113,620.00. Following the completion of the transaction, the director now owns 4,748 shares in the company, valued at $1,078,935.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Edward H. Frank sold 500 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 4,748 shares of the company's stock, valued at approximately $1,078,935.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward H. Frank sold 995 shares of Analog Devices stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $234.31, for a total transaction of $233,138.45. Following the completion of the transaction, the director now directly owns 3,753 shares in the company, valued at $879,365.43. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,495 shares of company stock worth $20,794,658. 0.31% of the stock is currently owned by insiders.

Analog Devices Stock Up 0.2 %

Shares of ADI traded up $0.49 during midday trading on Friday, reaching $230.17. The stock had a trading volume of 1,733,471 shares, compared to its average volume of 3,223,514. The company has a market cap of $114.21 billion, a price-to-earnings ratio of 53.78, a PEG ratio of 3.87 and a beta of 1.07. The company's fifty day simple moving average is $226.85 and its two-hundred day simple moving average is $222.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $244.14.

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

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.92 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 1.60%. Analog Devices's dividend payout ratio is presently 85.98%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADI. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a report on Thursday, August 22nd. Oppenheimer reaffirmed an "outperform" rating and set a $245.00 target price on shares of Analog Devices in a research note on Thursday, August 22nd. Barclays boosted their price target on shares of 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. 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 report on Thursday, August 22nd. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $250.00 target price on shares of Analog Devices in a research report on Tuesday, October 8th. Six investment 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 company currently has an average rating of "Moderate Buy" and an average price target 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.