Mount Yale Investment Advisors LLC Grows Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Mount Yale Investment Advisors LLC increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 10.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,094 shares of the semiconductor company’s stock after buying an additional 1,139 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Analog Devices were worth $2,761,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC raised its holdings in shares of Analog Devices by 352.6% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 9,451 shares of the semiconductor company’s stock worth $2,157,000 after purchasing an additional 7,363 shares during the period. Profund Advisors LLC raised its holdings in shares of Analog Devices by 6.2% in the 2nd quarter. Profund Advisors LLC now owns 80,858 shares of the semiconductor company’s stock worth $18,457,000 after purchasing an additional 4,749 shares during the period. Avalon Global Asset Management LLC raised its holdings in shares of Analog Devices by 0.4% in the 2nd quarter. Avalon Global Asset Management LLC now owns 45,300 shares of the semiconductor company’s stock worth $10,340,000 after purchasing an additional 200 shares during the period. Legacy Financial Advisors Inc. raised its holdings in shares of Analog Devices by 1.4% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,482 shares of the semiconductor company’s stock worth $795,000 after purchasing an additional 48 shares during the period. Finally, Ensign Peak Advisors Inc raised its holdings in shares of Analog Devices by 6.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,529,102 shares of the semiconductor company’s stock worth $349,033,000 after purchasing an additional 97,038 shares during the period. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and issued a $245.00 price objective on shares of Analog Devices in a report on Thursday, August 22nd. Truist Financial lowered their target price on Analog Devices from $275.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $250.00 target price on shares of Analog Devices in a research note on Tuesday, July 16th. Morgan Stanley increased their target price on Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Barclays increased their target price on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $251.45.

Insider Buying and Selling

In related news, Director Edward H. Frank sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $227.24, for a total value of $113,620.00. Following the sale, the director now owns 4,748 shares of the company’s stock, valued at approximately $1,078,935.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Edward H. Frank sold 995 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total value of $233,138.45. Following the sale, the director now owns 3,753 shares of the company’s stock, valued at approximately $879,365.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Edward H. Frank sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $227.24, for a total value of $113,620.00. Following the completion of the sale, the director now directly owns 4,748 shares in the company, valued at approximately $1,078,935.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,495 shares of company stock valued at $7,181,458. Insiders own 0.31% of the company’s stock.

Analog Devices Trading Down 2.9 %

NASDAQ:ADI opened at $226.78 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $223.80 and its two-hundred day moving average is $216.26. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $244.14. The company has a market cap of $112.53 billion, a PE ratio of 52.99, a P/E/G ratio of 3.74 and a beta of 1.07.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the business posted $2.49 EPS. Analog Devices’s quarterly revenue was down 24.8% compared to the same quarter last year. On average, analysts predict that Analog Devices, Inc. will post 6.33 EPS for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, September 3rd. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.