Aptus Capital Advisors LLC Increases Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Aptus Capital Advisors LLC lifted its position in Analog Devices, Inc. (NASDAQ:ADI) by 21.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 69,250 shares of the semiconductor company’s stock after purchasing an additional 12,098 shares during the period. Aptus Capital Advisors LLC’s holdings in Analog Devices were worth $15,939,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ashton Thomas Private Wealth LLC raised its stake in Analog Devices by 5.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 2,737 shares of the semiconductor company’s stock valued at $630,000 after purchasing an additional 151 shares in the last quarter. First National Trust Co raised its stake in shares of Analog Devices by 1.7% during the third quarter. First National Trust Co now owns 11,638 shares of the semiconductor company’s stock worth $2,679,000 after acquiring an additional 190 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of Analog Devices by 6.2% during the third quarter. Apollon Wealth Management LLC now owns 12,368 shares of the semiconductor company’s stock worth $2,847,000 after acquiring an additional 720 shares in the last quarter. Keystone Financial Services raised its stake in shares of Analog Devices by 7.2% during the third quarter. Keystone Financial Services now owns 3,632 shares of the semiconductor company’s stock worth $836,000 after acquiring an additional 244 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of Analog Devices by 13.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 17,353 shares of the semiconductor company’s stock worth $3,994,000 after acquiring an additional 1,994 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Edward H. Frank sold 500 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $227.24, for a total transaction of $113,620.00. Following the transaction, the director now owns 4,748 shares in the company, valued at approximately $1,078,935.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward H. Frank sold 995 shares of Analog Devices stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $234.31, for a total value of $233,138.45. Following the sale, the director now directly owns 3,753 shares of the company’s stock, valued at $879,365.43. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,495 shares of company stock worth $25,229,958. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ADI. Truist Financial downgraded shares of Analog Devices from a “buy” rating to a “hold” rating and decreased their price target for the stock from $266.00 to $233.00 in a research note on Monday, September 23rd. Cantor Fitzgerald restated a “neutral” rating and issued a $250.00 target price on shares of Analog Devices in a report on Tuesday, October 8th. Oppenheimer reiterated an “outperform” rating and issued a $245.00 price target on shares of Analog Devices in a report on Thursday, August 22nd. Morgan Stanley raised their price objective on Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Bank of America lowered their price objective on Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $249.80.

Analog Devices Trading Down 0.8 %

ADI traded down $1.87 during trading on Tuesday, reaching $218.60. The company had a trading volume of 318,437 shares, compared to its average volume of 3,198,532. Analog Devices, Inc. has a 52 week low of $170.10 and a 52 week high of $244.14. The stock has a market cap of $108.53 billion, a P/E ratio of 66.21, a PEG ratio of 3.17 and a beta of 1.08. The business has a 50 day simple moving average of $226.32 and a 200-day simple moving average of $224.99. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share 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 the consensus estimate of $2.27 billion. During the same period last year, the company earned $2.49 earnings per share. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. On average, equities analysts anticipate that Analog Devices, Inc. will post 6.34 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company 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 was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 1.68%. Analog Devices’s dividend payout ratio is currently 110.51%.

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.