Koshinski Asset Management Inc. grew its position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,544 shares of the semiconductor company’s stock after purchasing an additional 72 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Analog Devices were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management increased its stake in Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock worth $26,000 after buying an additional 127 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of Analog Devices in the second quarter worth about $26,000. Alpine Bank Wealth Management bought a new position in shares of Analog Devices in the first quarter worth about $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Analog Devices during the first quarter worth about $33,000. Finally, North Capital Inc. bought a new stake in Analog Devices during the 1st quarter valued at approximately $36,000. 86.81% of the stock is currently owned by institutional investors.
Analog Devices Stock Up 0.5%
Shares of NASDAQ:ADI opened at $242.87 on Friday. The company has a market cap of $119.48 billion, a price-to-earnings ratio of 61.96, a PEG ratio of 2.05 and a beta of 1.09. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. The company has a 50-day moving average price of $243.30 and a 200 day moving average price of $225.47. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24.
Analog Devices Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Analog Devices’s dividend payout ratio (DPR) is 101.02%.
Analyst Ratings Changes
Several research firms have weighed in on ADI. UBS Group dropped their price target on Analog Devices from $285.00 to $280.00 and set a “buy” rating for the company in a research note on Monday, July 7th. Truist Financial upped their target price on shares of Analog Devices from $219.00 to $249.00 and gave the stock a “hold” rating in a research report on Thursday, August 21st. Seaport Res Ptn raised shares of Analog Devices from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 21st. Finally, Barclays increased their price objective on shares of Analog Devices from $185.00 to $240.00 and gave the company an “equal weight” rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.29.
Get Our Latest Stock Report on ADI
Insider Activity
In related news, SVP Katsufumi Nakamura sold 2,490 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the transaction, the senior vice president owned 13,549 shares in the company, valued at $3,360,558.47. The trade was a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 20,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total value of $5,085,800.00. Following the completion of the sale, the chief executive officer owned 23,515 shares in the company, valued at approximately $5,979,629.35. The trade was a 45.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,115 shares of company stock worth $12,232,985 in the last 90 days. Company insiders own 0.33% of the company’s stock.
About Analog Devices
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.
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