World Investment Advisors LLC Has $9.71 Million Stake in Analog Devices, Inc. (NASDAQ:ADI)

World Investment Advisors LLC increased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 4,581.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,180 shares of the semiconductor company's stock after purchasing an additional 41,279 shares during the quarter. World Investment Advisors LLC's holdings in Analog Devices were worth $9,709,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Analog Devices in the 3rd quarter valued at $28,000. New Millennium Group LLC bought a new position in shares of Analog Devices in the second quarter valued at about $29,000. Archer Investment Corp lifted its position in Analog Devices by 101.4% during the 3rd 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 grew its holdings in Analog Devices by 675.0% during the 2nd quarter. ORG Partners LLC now owns 155 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in Analog Devices in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Up 0.3 %

ADI traded up $0.60 during trading on Thursday, reaching $217.72. 2,992,493 shares of the stock were exchanged, compared to its average volume of 3,225,634. The stock has a market cap of $108.05 billion, a P/E ratio of 65.72, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. Analog Devices, Inc. has a twelve month low of $181.80 and a twelve month high of $244.14. The stock's 50 day moving average price is $222.57 and its two-hundred day moving average price is $225.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, topping 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 firm had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.41 billion. During the same period in the previous year, the business posted $2.01 earnings per share. The company's revenue for the quarter was down 10.1% compared to the same quarter last year. Equities analysts expect that Analog Devices, Inc. will post 7.15 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 9th will be given 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 1.69%. Analog Devices's dividend payout ratio (DPR) is 111.85%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ADI. JPMorgan Chase & Co. upped their price objective on Analog Devices from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Piper Sandler lowered their price target on shares of Analog Devices from $235.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, November 27th. Truist Financial cut their price target on Analog Devices from $233.00 to $227.00 and set a "hold" rating on the stock in a research note on Wednesday, November 27th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $250.00 price objective on shares of Analog Devices in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company assumed coverage on Analog Devices in a research note on Friday, November 22nd. They issued an "equal weight" rating and a $220.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $249.33.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the business's 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 completion of the transaction, the chief executive officer now owns 45,326 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $6,723,000.00. Following the completion of the transaction, the executive vice president now directly owns 109,093 shares of the company's stock, valued at approximately $24,447,741.30. This trade represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,000 shares of company stock valued at $24,754,600 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

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.