Compass Wealth Management LLC Buys New Stake in Analog Devices, Inc. $ADI

Compass Wealth Management LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,868 shares of the semiconductor company’s stock, valued at approximately $1,139,000.

Other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new position in shares of Analog Devices during the 2nd quarter worth about $106,000. Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Analog Devices during the 2nd quarter worth about $13,506,000. Danske Bank A S acquired a new stake in shares of Analog Devices during the 2nd quarter worth about $133,834,000. Diversify Advisory Services LLC purchased a new stake in Analog Devices during the second quarter worth approximately $2,428,000. Finally, Wealthfront Advisers LLC purchased a new stake in Analog Devices during the second quarter worth approximately $27,576,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on ADI. KeyCorp increased their price target on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. TD Cowen boosted their price objective on shares of Analog Devices from $450.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Stifel Nicolaus increased their target price on shares of Analog Devices from $450.00 to $498.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Sanford C. Bernstein reiterated a “market perform” rating and set a $430.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Evercore reissued an “outperform” rating and issued a $474.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $441.00.

Analog Devices Stock Performance

Shares of ADI opened at $376.63 on Wednesday. The company’s 50 day simple moving average is $390.37 and its 200-day simple moving average is $370.30. The firm has a market cap of $183.45 billion, a PE ratio of 55.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. Analog Devices’s revenue for the quarter was up 37.2% on a year-over-year basis. As a group, equities analysts predict that Analog Devices, Inc. will post 12.42 EPS for the current year.

Key Headlines Impacting Analog Devices

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Analysts expect fiscal Q3 earnings of approximately $3.33 per share, compared with $2.05 per share a year earlier. Several highly rated analysts have recently revised their forecasts, supporting expectations for continued earnings growth. Analog Devices likely to report higher Q3 earnings
• Positive Sentiment: Analog Devices enters the report after record recent revenue, expanding margins and strong free-cash-flow generation. Management previously targeted roughly $3.9 billion of fiscal Q3 revenue and adjusted EPS near $3.30, creating potential for a “beat and raise” reaction if results exceed those targets. Analog Devices stock rises as earnings target approaches
• Positive Sentiment: The industrial segment continues to benefit from factory modernization, electrification and robotics demand. Wall Street sentiment remains broadly favorable, including Cantor Fitzgerald’s reaffirmed Overweight rating and $550 price target. Can ADI’s industrial segment sustain growth momentum?

Insider Buying and Selling at Analog Devices

In other news, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the sale, the senior vice president directly owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 30,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at $57,096,149.94. This trade represents a 17.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 105,274 shares of company stock valued at $42,247,986. Company insiders own 0.36% of the company’s stock.

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.