Analog Devices, Inc. $ADI Shares Acquired by North Star Asset Management Inc.

North Star Asset Management Inc. increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,844 shares of the semiconductor company’s stock after buying an additional 824 shares during the quarter. Analog Devices comprises approximately 1.1% of North Star Asset Management Inc.’s holdings, making the stock its 28th largest position. North Star Asset Management Inc.’s holdings in Analog Devices were worth $27,097,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ADI. Farmers National Bank grew its position in shares of Analog Devices by 9.0% during the second quarter. Farmers National Bank now owns 4,142 shares of the semiconductor company’s stock worth $986,000 after acquiring an additional 343 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in Analog Devices by 23,702.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 164,710 shares of the semiconductor company’s stock valued at $39,204,000 after purchasing an additional 164,018 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Analog Devices by 5.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 107,292 shares of the semiconductor company’s stock valued at $25,537,000 after purchasing an additional 5,452 shares during the period. CreativeOne Wealth LLC grew its position in Analog Devices by 7.6% in the 2nd quarter. CreativeOne Wealth LLC now owns 1,106 shares of the semiconductor company’s stock worth $263,000 after purchasing an additional 78 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC increased its stake in shares of Analog Devices by 61.2% in the second quarter. Foster Dykema Cabot & Partners LLC now owns 1,219 shares of the semiconductor company’s stock valued at $290,000 after purchasing an additional 463 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ADI. Barclays boosted their price objective on Analog Devices from $185.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 21st. BNP Paribas Exane began coverage on Analog Devices in a research report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price target for the company. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Thursday, August 21st. Morgan Stanley lifted their price objective on shares of Analog Devices from $273.00 to $288.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Evercore ISI upped their price objective on shares of Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $278.42.

Analog Devices Stock Up 3.0%

Shares of ADI stock opened at $239.40 on Tuesday. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The business’s fifty day moving average is $238.67 and its 200-day moving average is $235.30. The stock has a market cap of $117.77 billion, a PE ratio of 61.07, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.04. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%. Equities analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Analog Devices

In other news, Director Edward H. Frank sold 1,000 shares of Analog Devices stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $242.74, for a total value of $242,740.00. Following the transaction, the director owned 5,118 shares of the company’s stock, valued at $1,242,343.32. The trade was a 16.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Vincent Roche sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the completion of the sale, the chief executive officer owned 23,515 shares in the company, valued at $5,979,629.35. The trade was a 45.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 59,750 shares of company stock worth $14,684,296. 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.