4,134 Shares in Analog Devices, Inc. (NASDAQ:ADI) Purchased by Versor Investments LP

Versor Investments LP acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,134 shares of the semiconductor company's stock, valued at approximately $952,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADI. GDS Wealth Management purchased a new stake in shares of Analog Devices during the 3rd quarter valued at $463,000. Ashton Thomas Securities LLC grew its position in Analog Devices by 50.9% during the third quarter. Ashton Thomas Securities LLC now owns 1,441 shares of the semiconductor company's stock valued at $332,000 after acquiring an additional 486 shares during the period. Baker Avenue Asset Management LP increased its stake in Analog Devices by 10.2% during the third quarter. Baker Avenue Asset Management LP now owns 2,009 shares of the semiconductor company's stock worth $462,000 after acquiring an additional 186 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in Analog Devices by 36.2% during the third quarter. Axxcess Wealth Management LLC now owns 3,545 shares of the semiconductor company's stock worth $816,000 after acquiring an additional 943 shares during the last quarter. Finally, Sigma Planning Corp raised its holdings in shares of Analog Devices by 32.5% in the 3rd quarter. Sigma Planning Corp now owns 3,121 shares of the semiconductor company's stock worth $718,000 after purchasing an additional 765 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Trading Down 3.1 %

Shares of ADI stock traded down $6.71 during trading hours on Wednesday, reaching $212.84. 4,609,786 shares of the stock traded hands, compared to its average volume of 3,215,290. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $105.67 billion, a PE ratio of 63.92, a PEG ratio of 3.08 and a beta of 1.08. Analog Devices, Inc. has a 1-year low of $175.00 and a 1-year high of $244.14. The business has a fifty day moving average price of $226.34 and a 200 day moving average price of $225.11.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, beating 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 firm 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 firm earned $2.49 earnings per share. Analog Devices's quarterly revenue was down 24.8% on a year-over-year basis. On average, equities research analysts forecast that Analog Devices, Inc. will post 6.34 EPS for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Tuesday, September 3rd. Analog Devices's payout ratio is currently 110.51%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ADI. JPMorgan Chase & Co. increased 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. Morgan Stanley increased their price objective 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. Truist Financial cut shares of Analog Devices from a "buy" rating to a "hold" rating and reduced their target price for the stock from $266.00 to $233.00 in a research report on Monday, September 23rd. Oppenheimer reaffirmed an "outperform" rating and set a $245.00 price target on shares of Analog Devices in a report on Thursday, August 22nd. Finally, Barclays boosted their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, July 18th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $249.80.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 directly owns 51,039 shares of the company's stock, valued at $11,672,108.91. The trade was 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 Analog Devices news, EVP Gregory M. Bryant sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was 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 owns 109,093 shares in the company, valued at $24,447,741.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $228.69, for a total transaction of $2,286,900.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares of the company's stock, valued at $11,672,108.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,495 shares of company stock valued at $25,229,958 in the last three months. Corporate insiders own 0.31% of the company's stock.

About Analog Devices

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.