Analog Devices, Inc. $ADI Shares Bought by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 339.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,585 shares of the semiconductor company’s stock after buying an additional 3,542 shares during the quarter. Whalen Wealth Management Inc.’s holdings in Analog Devices were worth $1,127,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ADI. Howard Hughes Medical Institute acquired a new position in Analog Devices during the 2nd quarter worth approximately $25,000. Activest Wealth Management grew its stake in shares of Analog Devices by 6,350.0% during the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 127 shares in the last quarter. RMG Wealth Management LLC purchased a new position in Analog Devices in the second quarter valued at $26,000. Saudi Central Bank purchased a new position in Analog Devices in the first quarter valued at $39,000. Finally, Nova Wealth Management Inc. acquired a new stake in Analog Devices in the first quarter valued at $42,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Edward H. Frank sold 1,000 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $242.74, for a total transaction of $242,740.00. Following the completion of the transaction, the director owned 5,118 shares in the company, valued at approximately $1,242,343.32. This represents a 16.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Martin Cotter sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $271.19, for a total transaction of $1,355,950.00. Following the completion of the sale, the senior vice president owned 59,664 shares of the company’s stock, valued at $16,180,280.16. This trade represents a 7.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 40,419 shares of company stock valued at $10,249,017. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $285.00 price objective on shares of Analog Devices in a research report on Wednesday, November 26th. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Thursday, August 21st. Morgan Stanley boosted their price objective on shares of Analog Devices from $288.00 to $293.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. BNP Paribas began coverage on shares of Analog Devices in a research report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 target price on the stock. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Analog Devices in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $285.78.

Analog Devices Stock Up 1.4%

Shares of NASDAQ:ADI opened at $274.92 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. The stock has a market cap of $134.62 billion, a P/E ratio of 60.29, a P/E/G ratio of 1.50 and a beta of 1.04. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $284.23. The firm has a fifty day moving average price of $249.19 and a 200 day moving average price of $241.82.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 earnings per share. Sell-side analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Monday, December 8th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.4%. Analog Devices’s payout ratio is presently 86.84%.

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.