Wealth Enhancement Advisory Services LLC Sells 2,341 Shares of Analog Devices, Inc. $ADI

Wealth Enhancement Advisory Services LLC lowered its position in Analog Devices, Inc. (NASDAQ:ADI) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 273,265 shares of the semiconductor company’s stock after selling 2,341 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Analog Devices were worth $63,876,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Howard Hughes Medical Institute acquired a new position in Analog Devices in the second quarter worth $25,000. RMG Wealth Management LLC bought a new stake in shares of Analog Devices during the second quarter valued at approximately $26,000. Clayton Financial Group LLC acquired a new position in Analog Devices during the 3rd quarter worth $31,000. Sound Income Strategies LLC increased its stake in shares of Analog Devices by 141.8% in the 3rd quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 95 shares during the period. Finally, Access Investment Management LLC bought a new stake in shares of Analog Devices during the second quarter worth $45,000. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Michael Sondel sold 8,169 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total value of $2,271,227.07. Following the sale, the chief accounting officer directly owned 18,913 shares of the company’s stock, valued at approximately $5,258,381.39. This represents a 30.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total value of $719,406.25. Following the transaction, the director directly owned 142,571 shares in the company, valued at approximately $32,821,269.91. This trade represents a 2.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 53,544 shares of company stock worth $14,328,561. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ADI shares. Cfra reissued a “buy” rating and set a $280.00 price objective on shares of Analog Devices in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Analog Devices in a research note on Monday, December 29th. KeyCorp boosted their price objective on shares of Analog Devices from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Benchmark reaffirmed a “buy” rating and set a $285.00 price objective on shares of Analog Devices in a research note on Wednesday, November 26th. Finally, Stifel Nicolaus raised their price target on Analog Devices from $290.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $305.52.

Analog Devices Stock Down 0.9%

NASDAQ:ADI traded down $2.64 on Tuesday, hitting $297.61. 279,983 shares of the company’s stock were exchanged, compared to its average volume of 3,461,562. 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 firm has a 50-day moving average price of $270.62 and a 200-day moving average price of $250.48. The company has a market cap of $145.72 billion, a P/E ratio of 65.25, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $309.17.

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

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were paid a $0.99 dividend. The ex-dividend date 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 (DPR) is currently 86.84%.

Analog Devices Profile

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.