SYSTM Wealth Solutions LLC Sells 2,783 Shares of Analog Devices, Inc. (NASDAQ:ADI)

SYSTM Wealth Solutions LLC reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,979 shares of the semiconductor company’s stock after selling 2,783 shares during the period. Analog Devices makes up 1.5% of SYSTM Wealth Solutions LLC’s portfolio, making the stock its 13th largest holding. SYSTM Wealth Solutions LLC’s holdings in Analog Devices were worth $6,843,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. E Fund Management Co. Ltd. increased its holdings in Analog Devices by 21.0% in the 2nd quarter. E Fund Management Co. Ltd. now owns 9,982 shares of the semiconductor company’s stock valued at $2,278,000 after acquiring an additional 1,731 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in Analog Devices by 2.6% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 314,763 shares of the semiconductor company’s stock valued at $71,848,000 after acquiring an additional 8,122 shares during the last quarter. Virtu Financial LLC bought a new stake in Analog Devices in the 2nd quarter valued at $2,247,000. Plancorp LLC increased its holdings in Analog Devices by 4.7% in the 2nd quarter. Plancorp LLC now owns 1,379 shares of the semiconductor company’s stock valued at $315,000 after acquiring an additional 62 shares during the last quarter. Finally, Sargent Investment Group LLC bought a new stake in Analog Devices in the 2nd quarter valued at $320,000. 86.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Truist Financial reduced their price target on shares of Analog Devices from $275.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Morgan Stanley boosted their target price on shares of Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. KeyCorp boosted their target price on shares of Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Finally, Oppenheimer restated an “outperform” rating and issued a $245.00 target price on shares of Analog Devices in a report on Thursday, August 22nd. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and an average price target of $251.45.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at $11,640,975.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at $11,640,975.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edward H. Frank sold 500 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the transaction, the director now owns 4,748 shares in the company, valued at $1,078,935.52. The disclosure for this sale can be found here. Insiders sold a total of 31,495 shares of company stock valued at $7,181,458 in the last three months. Company insiders own 0.31% of the company’s stock.

Analog Devices Price Performance

Analog Devices stock opened at $225.35 on Wednesday. The stock has a market cap of $111.82 billion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 3.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $244.14. The firm has a 50-day moving average of $224.35 and a two-hundred day moving average of $215.68.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.08. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The firm’s quarterly revenue was down 24.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.49 EPS. On average, research analysts forecast that Analog Devices, Inc. will post 6.33 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.63%. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Analog Devices 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.