Analog Devices, Inc. (NASDAQ:ADI) Holdings Decreased by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 14.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,700 shares of the semiconductor company’s stock after selling 1,487 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Analog Devices were worth $2,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Lebenthal Global Advisors LLC grew its stake in Analog Devices by 4.9% in the third quarter. Lebenthal Global Advisors LLC now owns 4,406 shares of the semiconductor company’s stock valued at $1,014,000 after purchasing an additional 206 shares in the last quarter. Reston Wealth Management LLC purchased a new position in Analog Devices in the third quarter valued at about $48,000. Catalyst Financial Partners LLC grew its stake in Analog Devices by 7.3% in the third quarter. Catalyst Financial Partners LLC now owns 2,292 shares of the semiconductor company’s stock valued at $528,000 after purchasing an additional 156 shares in the last quarter. Cornerstone Wealth Group LLC purchased a new position in Analog Devices in the third quarter valued at about $245,000. Finally, First Trust Direct Indexing L.P. grew its stake in Analog Devices by 14.3% in the third quarter. First Trust Direct Indexing L.P. now owns 19,358 shares of the semiconductor company’s stock valued at $4,456,000 after purchasing an additional 2,418 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Edward H. Frank sold 995 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the completion of the sale, the director now directly owns 3,753 shares of the company’s stock, valued at $879,365.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Edward H. Frank sold 500 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $227.24, for a total transaction of $113,620.00. Following the completion of the sale, the director now directly owns 4,748 shares of the company’s stock, valued at $1,078,935.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward H. Frank sold 995 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $234.31, for a total value of $233,138.45. Following the sale, the director now directly owns 3,753 shares of the company’s stock, valued at $879,365.43. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 81,495 shares of company stock worth $18,513,858 in the last 90 days. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley boosted their target price on Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Oppenheimer restated an “outperform” rating and issued a $245.00 target price on shares of Analog Devices in a research note on Thursday, August 22nd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Truist Financial lowered Analog Devices from a “buy” rating to a “hold” rating and lowered their price objective for the company from $266.00 to $233.00 in a report on Monday, September 23rd. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $250.00 price objective on shares of Analog Devices in a report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.80.

Analog Devices Price Performance

Shares of ADI stock opened at $225.48 on Friday. The stock has a 50 day moving average of $227.19 and a two-hundred day moving average of $223.11. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12 month low of $161.64 and a 12 month high of $244.14. The company has a market capitalization of $111.95 billion, a P/E ratio of 67.71, a P/E/G ratio of 3.82 and a beta of 1.07.

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

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.92 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 1.63%. Analog Devices’s dividend payout ratio (DPR) is presently 110.51%.

Analog Devices 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.