Wealthfront Advisers LLC Increases Position in Analog Devices, Inc. $ADI

Wealthfront Advisers LLC raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 9.4% in the third quarter, Holdings Channel.com reports. The firm owned 47,343 shares of the semiconductor company’s stock after purchasing an additional 4,057 shares during the period. Wealthfront Advisers LLC’s holdings in Analog Devices were worth $11,632,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quent Capital LLC increased its position in Analog Devices by 2.4% during the 3rd quarter. Quent Capital LLC now owns 1,810 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 42 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Analog Devices by 2.5% in the third quarter. Sivia Capital Partners LLC now owns 1,796 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 44 shares in the last quarter. Klingman & Associates LLC grew its stake in shares of Analog Devices by 3.7% in the third quarter. Klingman & Associates LLC now owns 1,274 shares of the semiconductor company’s stock worth $313,000 after acquiring an additional 45 shares during the last quarter. Solstein Capital LLC increased its holdings in shares of Analog Devices by 2.0% during the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock valued at $549,000 after acquiring an additional 46 shares in the last quarter. Finally, Keystone Financial Services increased its holdings in shares of Analog Devices by 1.2% during the second quarter. Keystone Financial Services now owns 3,837 shares of the semiconductor company’s stock valued at $913,000 after acquiring an additional 46 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Up 0.7%

Shares of Analog Devices stock opened at $325.16 on Wednesday. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $327.74. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $292.61 and its 200 day moving average is $258.77. The company has a market cap of $158.88 billion, a price-to-earnings ratio of 71.31, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03.

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, beating analysts’ consensus estimates of $2.22 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. Research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders 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 1.2%. Analog Devices’s dividend payout ratio is currently 86.84%.

Insiders Place Their Bets

In other Analog Devices news, SVP Katsufumi Nakamura sold 500 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $301.46, for a total transaction of $150,730.00. Following the completion of the sale, the senior vice president directly owned 12,710 shares in the company, valued at $3,831,556.60. The trade was a 3.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the sale, the chief executive officer directly owned 155,688 shares of the company’s stock, valued at $47,783,760.96. The trade was a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 53,544 shares of company stock valued at $15,320,417. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ADI has been the topic of several recent analyst reports. Sanford C. Bernstein reissued a “market perform” rating and set a $270.00 price objective on shares of Analog Devices in a research report on Wednesday, November 26th. Weiss Ratings downgraded shares of Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 20th. UBS Group reissued a “buy” rating and set a $400.00 price target on shares of Analog Devices in a research report on Monday. Barclays set a $315.00 price objective on shares of Analog Devices in a report on Thursday, January 15th. Finally, KeyCorp increased their target price on Analog Devices from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $314.22.

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.