Brown Advisory Securities LLC Has $284,000 Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Brown Advisory Securities LLC lowered its position in shares of Analog Devices, Inc. (NASDAQ:ADIGet Rating) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,722 shares of the semiconductor company’s stock after selling 75 shares during the quarter. Brown Advisory Securities LLC’s holdings in Analog Devices were worth $284,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. CWM LLC purchased a new position in Analog Devices during the fourth quarter valued at approximately $736,000. Qube Research & Technologies Ltd grew its position in Analog Devices by 29.5% in the fourth quarter. Qube Research & Technologies Ltd now owns 238,351 shares of the semiconductor company’s stock worth $41,895,000 after acquiring an additional 54,330 shares in the last quarter. Fifth Third Bancorp grew its position in Analog Devices by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 111,664 shares of the semiconductor company’s stock worth $19,627,000 after acquiring an additional 3,438 shares in the last quarter. Waldron Private Wealth LLC boosted its holdings in shares of Analog Devices by 4.7% during the 4th quarter. Waldron Private Wealth LLC now owns 2,536 shares of the semiconductor company’s stock worth $445,000 after buying an additional 114 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Analog Devices by 11.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 41,116 shares of the semiconductor company’s stock worth $7,227,000 after buying an additional 4,309 shares during the period. Institutional investors and hedge funds own 86.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America dropped their price objective on shares of Analog Devices from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, June 29th. Sanford C. Bernstein increased their price target on shares of Analog Devices to $200.00 and gave the company an “outperform” rating in a research report on Thursday, May 19th. Oppenheimer restated an “outperform” rating and set a $210.00 target price on shares of Analog Devices in a report on Thursday, June 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Analog Devices from $185.00 to $165.00 in a report on Wednesday, July 20th. Finally, Truist Financial raised their target price on shares of Analog Devices from $194.00 to $203.00 and gave the stock a “buy” rating in a report on Thursday, May 19th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.79.

Analog Devices Trading Up 0.2 %

NASDAQ ADI opened at $177.25 on Friday. Analog Devices, Inc. has a 12 month low of $138.50 and a 12 month high of $191.95. The firm has a market capitalization of $92.14 billion, a P/E ratio of 50.21, a PEG ratio of 1.56 and a beta of 1.13. The business has a fifty day simple moving average of $157.13 and a 200 day simple moving average of $158.67. The company has a current ratio of 1.99, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17.

Analog Devices (NASDAQ:ADIGet Rating) last announced its earnings results on Wednesday, May 18th. The semiconductor company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.28. Analog Devices had a return on equity of 12.11% and a net margin of 16.84%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the firm posted $1.54 EPS. The business’s revenue was up 78.9% compared to the same quarter last year. On average, analysts predict that Analog Devices, Inc. will post 9.23 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 9th. Stockholders of record on Tuesday, May 31st were paid a dividend of $0.76 per share. The ex-dividend date was Friday, May 27th. This represents a $3.04 annualized dividend and a dividend yield of 1.72%. Analog Devices’s payout ratio is 86.12%.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Tunc Doluca sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $170.34, for a total value of $1,192,380.00. Following the completion of the transaction, the director now owns 78,357 shares in the company, valued at approximately $13,347,331.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Analog Devices news, Director Edward H. Frank sold 1,435 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $166.90, for a total value of $239,501.50. Following the sale, the director now owns 2,525 shares of the company’s stock, valued at approximately $421,422.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tunc Doluca sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $170.34, for a total value of $1,192,380.00. Following the completion of the sale, the director now directly owns 78,357 shares in the company, valued at approximately $13,347,331.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,236 shares of company stock worth $4,360,291. 0.91% of the stock is owned by company insiders.

About Analog Devices

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Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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