Bogart Wealth LLC Acquires 168 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Bogart Wealth LLC lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,298 shares of the semiconductor company’s stock after purchasing an additional 168 shares during the period. Bogart Wealth LLC’s holdings in Analog Devices were worth $6,283,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. grew its holdings in Analog Devices by 6.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 44,684 shares of the semiconductor company’s stock valued at $10,288,000 after purchasing an additional 2,727 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Analog Devices by 23,792.4% during the 3rd quarter. International Assets Investment Management LLC now owns 887,603 shares of the semiconductor company’s stock worth $2,043,000,000 after buying an additional 883,888 shares during the period. McAdam LLC raised its holdings in Analog Devices by 11.3% in the 3rd quarter. McAdam LLC now owns 976 shares of the semiconductor company’s stock worth $225,000 after acquiring an additional 99 shares during the period. Sterling Investment Counsel LLC raised its holdings in Analog Devices by 3.5% in the 3rd quarter. Sterling Investment Counsel LLC now owns 3,456 shares of the semiconductor company’s stock worth $795,000 after acquiring an additional 116 shares during the period. Finally, Greenleaf Trust lifted its position in Analog Devices by 3.0% during the 3rd quarter. Greenleaf Trust now owns 12,174 shares of the semiconductor company’s stock worth $2,802,000 after acquiring an additional 353 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADI. Bank of America lowered their price target on Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Truist Financial lowered Analog Devices from a “buy” rating to a “hold” rating and lowered their target price for the company from $266.00 to $233.00 in a report on Monday, September 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Cantor Fitzgerald restated a “neutral” rating and issued a $250.00 price objective on shares of Analog Devices in a research note on Tuesday, October 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $245.00 target price on shares of Analog Devices in a research report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $249.80.

Analog Devices Price Performance

ADI stock traded up $2.09 during trading on Thursday, hitting $228.94. The company had a trading volume of 879,751 shares, compared to its average volume of 3,223,318. 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 company has a fifty day moving average price of $226.59 and a two-hundred day moving average price of $221.70. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $244.14. The company has a market cap of $113.60 billion, a P/E ratio of 53.00, a P/E/G ratio of 3.87 and a beta of 1.07.

Analog Devices (NASDAQ:ADI) last posted 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 net margin of 17.07% and a return on equity of 9.47%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the firm earned $2.49 EPS. The firm’s quarterly revenue was down 24.8% compared to the same quarter last year. Equities research analysts expect that Analog Devices, Inc. will post 6.34 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, September 3rd. Analog Devices’s dividend payout ratio (DPR) is currently 85.98%.

Insider Activity

In related news, Director Edward H. Frank sold 995 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Analog Devices news, Director Edward H. Frank sold 995 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $234.31, for a total transaction of $233,138.45. Following the sale, the director now owns 3,753 shares of the company’s stock, valued at $879,365.43. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at approximately $11,640,975.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,495 shares of company stock worth $20,794,658. Insiders own 0.31% of the company’s stock.

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.