Axxcess Wealth Management LLC Raises Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Axxcess Wealth Management LLC increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 36.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,545 shares of the semiconductor company’s stock after buying an additional 943 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Analog Devices were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ADI. Atomi Financial Group Inc. purchased a new position in shares of Analog Devices in the first quarter worth $215,000. Koshinski Asset Management Inc. boosted its holdings in Analog Devices by 20.6% in the first quarter. Koshinski Asset Management Inc. now owns 4,266 shares of the semiconductor company’s stock valued at $844,000 after acquiring an additional 729 shares in the last quarter. TD Asset Management Inc boosted its holdings in Analog Devices by 2.1% in the first quarter. TD Asset Management Inc now owns 436,136 shares of the semiconductor company’s stock valued at $86,263,000 after acquiring an additional 8,897 shares in the last quarter. Eagle Bay Advisors LLC boosted its holdings in Analog Devices by 27.0% in the first quarter. Eagle Bay Advisors LLC now owns 348 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 74 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Analog Devices by 0.3% in the first quarter. First Eagle Investment Management LLC now owns 3,847,087 shares of the semiconductor company’s stock valued at $760,915,000 after acquiring an additional 10,203 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $228.69, for a total transaction of $2,286,900.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,672,108.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Analog Devices news, EVP Gregory M. Bryant sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total value of $6,723,000.00. Following the completion of the transaction, the executive vice president now directly owns 109,093 shares in the company, valued at $24,447,741.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $228.69, for a total value of $2,286,900.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at $11,672,108.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,495 shares of company stock worth $25,229,958. 0.31% of the stock is owned by company insiders.

Analog Devices Stock Down 0.4 %

ADI opened at $219.55 on Wednesday. Analog Devices, Inc. has a 1-year low of $170.10 and a 1-year high of $244.14. The firm’s 50 day simple moving average is $226.32 and its two-hundred day simple moving average is $224.99. 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 market capitalization of $109.00 billion, a PE ratio of 66.21, a PEG ratio of 3.17 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the firm earned $2.49 EPS. Analog Devices’s revenue for the quarter was down 24.8% compared to the same quarter last year. As a group, equities analysts forecast that Analog Devices, Inc. will post 6.34 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.68%. Analog Devices’s dividend payout ratio (DPR) is presently 110.51%.

Analyst Ratings Changes

Several analysts recently weighed in on ADI shares. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Barclays boosted their target price on shares of Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Bank of America dropped their target price on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Morgan Stanley boosted their target price on shares of Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $249.80.

Analog Devices Company 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.