Maia Wealth LLC Raises Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Maia Wealth LLC increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 38.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,577 shares of the semiconductor company’s stock after acquiring an additional 436 shares during the quarter. Maia Wealth LLC’s holdings in Analog Devices were worth $362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Catalina Capital Group LLC grew its stake in Analog Devices by 6.0% in the 3rd quarter. Catalina Capital Group LLC now owns 3,125 shares of the semiconductor company’s stock valued at $719,000 after buying an additional 176 shares in the last quarter. HF Advisory Group LLC grew its position in shares of Analog Devices by 10.9% in the third quarter. HF Advisory Group LLC now owns 4,430 shares of the semiconductor company’s stock valued at $1,020,000 after purchasing an additional 436 shares in the last quarter. Sentry Investment Management LLC raised its stake in shares of Analog Devices by 10.0% during the 3rd quarter. Sentry Investment Management LLC now owns 2,401 shares of the semiconductor company’s stock valued at $553,000 after purchasing an additional 219 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in Analog Devices by 67.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 795 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 319 shares in the last quarter. Finally, Impax Asset Management Group plc grew its holdings in Analog Devices by 7.7% during the 3rd quarter. Impax Asset Management Group plc now owns 1,536,463 shares of the semiconductor company’s stock valued at $352,728,000 after buying an additional 110,448 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $2,238,700.00. Following the sale, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,921,334.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $2,238,700.00. Following the completion of the sale, the chief executive officer now owns 21,983 shares of the company’s stock, valued at $4,921,334.21. This trade represents 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, EVP Gregory M. Bryant sold 30,000 shares of the business’s stock in a transaction on 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 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 ninety days, insiders sold 111,495 shares of company stock worth $25,229,958. Company insiders own 0.31% of the company’s stock.

Analog Devices Trading Up 4.0 %

NASDAQ ADI opened at $226.25 on Thursday. The firm has a market cap of $112.33 billion, a PE ratio of 67.94, a price-to-earnings-growth ratio of 3.16 and a beta of 1.08. Analog Devices, Inc. has a 1-year low of $166.78 and a 1-year high of $244.14. The stock has a 50-day moving average of $226.85 and a 200-day moving average of $224.09. 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 (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the firm posted $2.49 earnings per share. The business’s quarterly revenue was down 24.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 6.34 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed 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. This represents a $3.68 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Tuesday, September 3rd. Analog Devices’s dividend payout ratio (DPR) is 110.51%.

Analyst Ratings Changes

A number of research firms have recently commented on ADI. Truist Financial lowered shares of Analog Devices from a “buy” rating to a “hold” rating and cut their price objective for the company from $266.00 to $233.00 in a research report on Monday, September 23rd. Morgan Stanley upped their price target on shares of Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Oppenheimer reissued an “outperform” rating and set a $245.00 price objective on shares of Analog Devices in a research note on Thursday, August 22nd. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a research report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $249.80.

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.