Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by McClarren Financial Advisors Inc.

McClarren Financial Advisors Inc. lifted its position in Analog Devices, Inc. (NASDAQ:ADI) by 131.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 527 shares of the semiconductor company’s stock after acquiring an additional 299 shares during the quarter. McClarren Financial Advisors Inc.’s holdings in Analog Devices were worth $121,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Salem Investment Counselors Inc. lifted its holdings in shares of Analog Devices by 17.0% in the 1st quarter. Salem Investment Counselors Inc. now owns 1,647 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 239 shares during the last quarter. Royal Fund Management LLC lifted its holdings in shares of Analog Devices by 7.5% in the 1st quarter. Royal Fund Management LLC now owns 7,334 shares of the semiconductor company’s stock worth $1,451,000 after purchasing an additional 512 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Analog Devices during the 1st quarter valued at $69,000. Riverview Trust Co bought a new stake in Analog Devices during the 1st quarter valued at $30,000. Finally, First Bancorp Inc ME raised its stake in Analog Devices by 6.7% during the 1st quarter. First Bancorp Inc ME now owns 1,177 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 74 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ADI. Morgan Stanley lifted their target price on Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. lifted 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. Bank of America cut their target price on Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $245.00 target price on shares of Analog Devices in a research note 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.80.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $11,640,975.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $11,640,975.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices stock in a transaction on 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 sale, the executive vice president now directly 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,495 shares of company stock worth $20,794,658. 0.31% of the stock is owned by corporate insiders.

Analog Devices Price Performance

Shares of NASDAQ ADI traded up $0.99 during mid-day trading on Friday, reaching $228.33. The company had a trading volume of 1,763,100 shares, compared to its average volume of 3,250,594. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. The stock has a market cap of $113.30 billion, a PE ratio of 53.35, a P/E/G ratio of 3.87 and a beta of 1.07. The company has a 50-day moving average price of $225.95 and a two-hundred day moving average price of $221.03. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $244.14.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm posted $2.49 EPS. The company’s quarterly revenue was down 24.8% on a year-over-year basis. On average, equities analysts anticipate that Analog Devices, Inc. will post 6.34 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.92 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.61%. Analog Devices’s dividend payout ratio is 85.98%.

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.