Sargent Investment Group LLC Decreases Position in Analog Devices, Inc. (NASDAQ:ADI)

Sargent Investment Group LLC decreased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,230 shares of the semiconductor company’s stock after selling 172 shares during the period. Sargent Investment Group LLC’s holdings in Analog Devices were worth $283,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Atomi Financial Group Inc. purchased a new stake in shares of Analog Devices during the first quarter valued at $215,000. Koshinski Asset Management Inc. boosted its stake in shares of Analog Devices by 20.6% in the first quarter. Koshinski Asset Management Inc. now owns 4,266 shares of the semiconductor company’s stock worth $844,000 after buying an additional 729 shares during the last quarter. TD Asset Management Inc boosted its position in Analog Devices by 2.1% during the first quarter. TD Asset Management Inc now owns 436,136 shares of the semiconductor company’s stock worth $86,263,000 after purchasing an additional 8,897 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Analog Devices by 3.2% in the first quarter. HBK Sorce Advisory LLC now owns 4,194 shares of the semiconductor company’s stock valued at $829,000 after acquiring an additional 131 shares in the last quarter. Finally, Nwam LLC increased its stake in Analog Devices by 37.9% during the first quarter. Nwam LLC now owns 1,448 shares of the semiconductor company’s stock worth $292,000 after acquiring an additional 398 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other news, Director Edward H. Frank sold 500 shares of the firm’s stock in a transaction 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 approximately $1,078,935.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Edward H. Frank sold 500 shares of the business’s stock in a transaction dated 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 approximately $1,078,935.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $228.69, for a total transaction of $2,286,900.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $11,672,108.91. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,495 shares of company stock valued at $25,229,958 in the last quarter. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ADI. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Thursday, August 22nd. Bank of America lowered their price target on Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. JPMorgan Chase & Co. lifted their target price on Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Oppenheimer reiterated an “outperform” rating and issued a $245.00 target price on shares of Analog Devices in a report on Thursday, August 22nd. Finally, Barclays lifted their target price on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.80.

Analog Devices Trading Down 0.5 %

Shares of ADI stock traded down $0.96 on Thursday, reaching $211.88. 690,996 shares of the stock were exchanged, compared to its average volume of 3,203,563. The stock has a market cap of $105.20 billion, a P/E ratio of 63.92, a price-to-earnings-growth ratio of 3.08 and a beta of 1.08. 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 firm has a 50 day moving average of $226.16 and a two-hundred day moving average of $225.02. Analog Devices, Inc. has a 1-year low of $178.66 and a 1-year high of $244.14.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.50 by $0.08. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business earned $2.49 earnings per share. Analog Devices’s revenue was down 24.8% compared to the same quarter last year. On average, research analysts anticipate that Analog Devices, Inc. will post 6.34 EPS for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, September 3rd. Analog Devices’s dividend payout ratio (DPR) is currently 110.51%.

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.