GW Henssler & Associates Ltd. Takes $12.47 Million Position in Analog Devices, Inc. (NASDAQ:ADI)

GW Henssler & Associates Ltd. bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 54,156 shares of the semiconductor company's stock, valued at approximately $12,465,000.

Several other large investors also recently bought and sold shares of the business. Norden Group LLC increased its holdings in shares of Analog Devices by 1,534.0% in the 1st quarter. Norden Group LLC now owns 27,076 shares of the semiconductor company's stock worth $5,355,000 after buying an additional 25,419 shares during the last quarter. Tidal Investments LLC raised its position in Analog Devices by 24.9% during the first quarter. Tidal Investments LLC now owns 31,715 shares of the semiconductor company's stock valued at $6,268,000 after purchasing an additional 6,314 shares during the period. BDF Gestion bought a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $4,491,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Analog Devices by 3.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 74,092 shares of the semiconductor company's stock worth $16,912,000 after purchasing an additional 2,280 shares during the period. Finally, Interval Partners LP bought a new position in shares of Analog Devices during the 1st quarter valued at approximately $1,978,000. Institutional investors own 86.81% of the company's stock.

Wall Street Analyst Weigh In

ADI has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research note on Thursday, August 22nd. Bank of America dropped 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 note on Thursday, August 22nd. Morgan Stanley increased their price objective on shares of Analog Devices from $250.00 to $257.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Truist Financial lowered Analog Devices from a "buy" rating to a "hold" rating and dropped their target price for the company from $266.00 to $233.00 in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. upped their target price on Analog Devices from $260.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $249.80.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Edward H. Frank sold 500 shares of the firm'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 of the company's stock, valued at approximately $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 accessible through the SEC website. In other Analog Devices news, Director Edward H. Frank sold 500 shares of the business'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 sale, the director now owns 4,748 shares in the company, valued at approximately $1,078,935.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory M. Bryant sold 30,000 shares of the firm's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total value of $6,723,000.00. Following the completion of the transaction, the executive vice president now owns 109,093 shares of the company's stock, valued at approximately $24,447,741.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,495 shares of company stock worth $20,794,658. Insiders own 0.31% of the company's stock.

Analog Devices Stock Up 2.2 %

Shares of NASDAQ:ADI traded up $5.09 during trading on Tuesday, reaching $235.23. The stock had a trading volume of 2,055,588 shares, compared to its average volume of 3,218,788. The firm's 50-day simple moving average is $226.93 and its 200 day simple moving average is $222.51. 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 one year low of $154.99 and a one year high of $244.14. The company has a market capitalization of $116.73 billion, a P/E ratio of 53.77, a PEG ratio of 3.87 and a beta of 1.07.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results 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 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 previous year, the company earned $2.49 earnings per share. The business's revenue for the quarter was down 24.8% on a year-over-year basis. As a group, research analysts expect that Analog Devices, Inc. will post 6.34 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.56%. Analog Devices's payout ratio is 85.98%.

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.