Aaron Wealth Advisors LLC Sells 316 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Aaron Wealth Advisors LLC decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,395 shares of the semiconductor company’s stock after selling 316 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Analog Devices were worth $685,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in shares of Analog Devices in the 4th quarter worth about $27,000. Menard Financial Group LLC purchased a new position in shares of Analog Devices in the 4th quarter worth about $27,000. Alpine Bank Wealth Management purchased a new position in shares of Analog Devices in the 1st quarter worth about $27,000. Hopwood Financial Services Inc. purchased a new position in shares of Analog Devices in the 4th quarter worth about $30,000. Finally, Mainstream Capital Management LLC purchased a new position in shares of Analog Devices in the 4th quarter worth about $30,000. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the sale, the chief executive officer directly owned 142,996 shares of the company’s stock, valued at $28,147,332.64. This represents a 6.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the sale, the director directly owned 180,071 shares in the company, valued at approximately $35,265,104.64. The trade was a 1.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,250 shares of company stock valued at $3,143,556. 0.33% of the stock is owned by corporate insiders.

Analog Devices Trading Up 1.9%

Shares of NASDAQ:ADI opened at $245.15 on Thursday. The stock has a 50 day moving average of $219.06 and a 200 day moving average of $212.25. The company has a market cap of $121.66 billion, a PE ratio of 66.80, a price-to-earnings-growth ratio of 2.22 and a beta of 1.02. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.10.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.15. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The firm’s revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Wednesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is presently 107.90%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADI. Keefe, Bruyette & Woods raised Analog Devices to an “outperform” rating in a research report on Wednesday, June 18th. Citigroup lifted their price target on Analog Devices from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. Cantor Fitzgerald upgraded Analog Devices from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $250.00 to $270.00 in a report on Wednesday, June 18th. Finally, UBS Group reduced their price objective on Analog Devices from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $251.75.

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.