Outlook Wealth Advisors LLC Buys New Stake in Analog Devices, Inc. $ADI

Outlook Wealth Advisors LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,940 shares of the semiconductor company’s stock, valued at approximately $722,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Analog Devices by 1.5% in the second quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock valued at $11,955,086,000 after buying an additional 761,861 shares during the last quarter. State Street Corp increased its holdings in shares of Analog Devices by 2.2% in the 2nd quarter. State Street Corp now owns 23,317,256 shares of the semiconductor company’s stock valued at $5,549,973,000 after acquiring an additional 506,507 shares during the period. Geode Capital Management LLC raised its position in Analog Devices by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock valued at $2,770,448,000 after purchasing an additional 633,425 shares during the last quarter. Norges Bank acquired a new stake in Analog Devices during the 2nd quarter worth $1,803,377,000. Finally, Ameriprise Financial Inc. grew its position in Analog Devices by 6.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,326,772 shares of the semiconductor company’s stock worth $1,506,448,000 after purchasing an additional 375,207 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction 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 owned 142,571 shares of the company’s stock, valued at $32,821,269.91. This trade represents a 2.14% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 53,544 shares of company stock valued at $14,328,561. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Barclays set a $315.00 price objective on shares of Analog Devices in a research report on Thursday, January 15th. Wells Fargo & Company set a $340.00 price objective on shares of Analog Devices and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Zacks Research raised shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $270.00 price objective on shares of Analog Devices in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $312.04.

Analog Devices Price Performance

Shares of ADI opened at $304.97 on Thursday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $309.17. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The firm has a market cap of $149.33 billion, a price-to-earnings ratio of 66.88, a PEG ratio of 1.60 and a beta of 1.03. The stock has a 50 day moving average of $273.13 and a 200-day moving average of $251.20.

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

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were given a $0.99 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.3%. Analog Devices’s dividend payout ratio (DPR) is currently 86.84%.

Analog Devices Company 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.