Brown Advisory Securities LLC Decreases Stake in Analog Devices, Inc. (NASDAQ:ADI)

Brown Advisory Securities LLC reduced its stake in Analog Devices, Inc. (NASDAQ:ADIGet Rating) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,722 shares of the semiconductor company’s stock after selling 75 shares during the period. Brown Advisory Securities LLC’s holdings in Analog Devices were worth $284,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ADI. Hanson & Doremus Investment Management grew its position in shares of Analog Devices by 132.7% in the 1st quarter. Hanson & Doremus Investment Management now owns 228 shares of the semiconductor company’s stock worth $38,000 after buying an additional 130 shares during the last quarter. IronBridge Private Wealth LLC grew its position in shares of Analog Devices by 516.7% in the 4th quarter. IronBridge Private Wealth LLC now owns 222 shares of the semiconductor company’s stock worth $39,000 after buying an additional 186 shares during the last quarter. Lloyd Advisory Services LLC. grew its position in shares of Analog Devices by 14,400.0% in the 1st quarter. Lloyd Advisory Services LLC. now owns 290 shares of the semiconductor company’s stock worth $48,000 after buying an additional 288 shares during the last quarter. JFS Wealth Advisors LLC grew its position in shares of Analog Devices by 97.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 323 shares of the semiconductor company’s stock worth $53,000 after buying an additional 159 shares during the last quarter. Finally, Wagner Wealth Management LLC bought a new stake in shares of Analog Devices during the fourth quarter valued at approximately $60,000. 86.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Analog Devices

In other news, Director Tunc Doluca sold 2,400 shares of the company’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $150.00, for a total value of $360,000.00. Following the completion of the transaction, the director now owns 86,357 shares of the company’s stock, valued at $12,953,550. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Prashanth Mahendra-Rajah sold 3,901 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $163.14, for a total transaction of $636,409.14. Following the completion of the transaction, the chief financial officer now directly owns 16,108 shares of the company’s stock, valued at $2,627,859.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Tunc Doluca sold 2,400 shares of the stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $150.00, for a total value of $360,000.00. Following the transaction, the director now directly owns 86,357 shares of the company’s stock, valued at $12,953,550. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,236 shares of company stock valued at $4,360,291. Company insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial lifted their price target on Analog Devices from $194.00 to $203.00 and gave the company a “buy” rating in a research report on Thursday, May 19th. Oppenheimer restated an “outperform” rating and set a $210.00 price target on shares of Analog Devices in a research report on Thursday, June 23rd. UBS Group dropped their price target on Analog Devices to $210.00 and set a “hold” rating on the stock in a research report on Thursday, May 19th. The Goldman Sachs Group dropped their target price on Analog Devices from $185.00 to $167.00 in a report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Analog Devices from $185.00 to $165.00 in a report on Wednesday, July 20th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $195.79.

Analog Devices Stock Up 0.2 %

Analog Devices stock opened at $177.25 on Friday. The stock has a market cap of $92.14 billion, a PE ratio of 50.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.99. Analog Devices, Inc. has a one year low of $138.50 and a one year high of $191.95. The stock has a fifty day moving average of $157.13 and a 200 day moving average of $158.67.

Analog Devices (NASDAQ:ADIGet Rating) last posted its quarterly earnings data on Wednesday, May 18th. The semiconductor company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.28. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Analog Devices had a return on equity of 12.11% and a net margin of 16.84%. Analog Devices’s revenue for the quarter was up 78.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.54 earnings per share. As a group, sell-side analysts predict that Analog Devices, Inc. will post 9.23 EPS for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 9th. Shareholders of record on Tuesday, May 31st were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Friday, May 27th. Analog Devices’s dividend payout ratio is presently 86.12%.

Analog Devices Profile

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Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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