Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,320 shares of the semiconductor company’s stock after selling 72 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Analog Devices were worth $304,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of Analog Devices by 1.1% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 81,224 shares of the semiconductor company’s stock worth $18,695,000 after acquiring an additional 863 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Analog Devices by 98.9% in the 3rd quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the semiconductor company’s stock valued at $500,000 after purchasing an additional 1,080 shares during the period. Harfst & Associates Inc. increased its stake in Analog Devices by 10.6% in the 3rd quarter. Harfst & Associates Inc. now owns 12,216 shares of the semiconductor company’s stock worth $2,812,000 after purchasing an additional 1,171 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Analog Devices by 1.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 301,124 shares of the semiconductor company’s stock worth $69,310,000 after purchasing an additional 3,363 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in Analog Devices by 153.6% during the 3rd quarter. Raymond James & Associates now owns 2,348,104 shares of the semiconductor company’s stock worth $540,463,000 after buying an additional 1,422,054 shares during the period. Institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ADI. JPMorgan Chase & Co. lifted their target price on shares of Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Barclays lifted their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Morgan Stanley increased their target price on Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Truist Financial cut Analog Devices from a “buy” rating to a “hold” rating and decreased their target price for the stock from $266.00 to $233.00 in a research report on Monday, September 23rd. Finally, Bank of America dropped their price target on Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.80.

Analog Devices Stock Performance

Shares of ADI opened at $228.33 on Friday. The firm has a market cap of $113.30 billion, a price-to-earnings ratio of 53.35, a price-to-earnings-growth ratio of 3.87 and a beta of 1.07. The company’s fifty day moving average is $225.95 and its 200-day moving average is $221.03. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $244.14.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.50 by $0.08. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the business posted $2.49 earnings per share. The business’s quarterly revenue was down 24.8% on a year-over-year basis. Equities analysts expect that Analog Devices, Inc. will post 6.34 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.61%. Analog Devices’s dividend payout ratio (DPR) is currently 85.98%.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $228.08, for a total value of $2,280,800.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,640,975.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $228.08, for a total value of $2,280,800.00. Following the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,640,975.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gregory M. Bryant sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $228.93, for a total value of $6,867,900.00. Following the transaction, the executive vice president now directly owns 79,093 shares of the company’s stock, valued at $18,106,760.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,495 shares of company stock valued at $20,794,658 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

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.