Janney Capital Management LLC Raises Stock Position in Analog Devices, Inc. $ADI

Janney Capital Management LLC lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 27.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,734 shares of the semiconductor company’s stock after purchasing an additional 2,087 shares during the period. Janney Capital Management LLC’s holdings in Analog Devices were worth $2,392,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after buying an additional 529 shares during the period. Modern Wealth Management LLC bought a new stake in shares of Analog Devices during the first quarter valued at approximately $257,000. Wesbanco Bank Inc. grew its stake in Analog Devices by 1.2% in the second quarter. Wesbanco Bank Inc. now owns 8,386 shares of the semiconductor company’s stock worth $1,996,000 after purchasing an additional 100 shares during the period. Mirabaud & Cie SA bought a new position in Analog Devices in the second quarter worth $236,000. Finally, Apella Capital LLC boosted its holdings in shares of Analog Devices by 75.9% during the 2nd quarter. Apella Capital LLC now owns 2,209 shares of the semiconductor company’s stock valued at $534,000 after buying an additional 953 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Activity

In other Analog Devices news, SVP Martin Cotter sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the completion of the sale, the senior vice president directly owned 49,664 shares in the company, valued at approximately $13,828,444.16. The trade was a 16.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katsufumi Nakamura sold 500 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $289.17, for a total value of $144,585.00. Following the transaction, the senior vice president directly owned 13,210 shares of the company’s stock, valued at $3,819,935.70. The trade was a 3.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 49,919 shares of company stock worth $13,248,862. Insiders own 0.33% of the company’s stock.

Analog Devices Stock Down 2.3%

Shares of NASDAQ:ADI opened at $293.86 on Tuesday. The business’s 50 day moving average is $263.85 and its 200 day moving average is $248.44. The stock has a market cap of $143.89 billion, a P/E ratio of 64.44, a price-to-earnings-growth ratio of 1.66 and a beta of 1.03. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $303.20. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24.

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

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were issued a $0.99 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.3%. Analog Devices’s dividend payout ratio is presently 86.84%.

Analyst Ratings Changes

ADI has been the subject of a number of analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Analog Devices in a research note on Tuesday, November 25th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $270.00 price objective on shares of Analog Devices in a research note on Wednesday, November 26th. Wall Street Zen lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Cfra reiterated a “buy” rating and set a $280.00 price target on shares of Analog Devices in a research note on Tuesday, November 25th. Finally, BNP Paribas Exane assumed coverage on shares of Analog Devices in a research note on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $287.22.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.