Analog Devices, Inc. (NASDAQ:ADI) Stock Position Decreased by Circle Wealth Management LLC

Circle Wealth Management LLC lowered its position in Analog Devices, Inc. (NASDAQ:ADI) by 8.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,335 shares of the semiconductor company’s stock after selling 301 shares during the period. Circle Wealth Management LLC’s holdings in Analog Devices were worth $768,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hancock Whitney Corp raised its stake in shares of Analog Devices by 7.8% in the 1st quarter. Hancock Whitney Corp now owns 1,257 shares of the semiconductor company’s stock valued at $249,000 after acquiring an additional 91 shares in the last quarter. PGGM Investments bought a new stake in shares of Analog Devices during the 1st quarter worth $166,000. Cetera Investment Advisers grew its stake in Analog Devices by 588.7% in the 1st quarter. Cetera Investment Advisers now owns 94,201 shares of the semiconductor company’s stock valued at $18,632,000 after buying an additional 80,522 shares during the last quarter. Cetera Advisors LLC raised its holdings in Analog Devices by 59.5% in the 1st quarter. Cetera Advisors LLC now owns 12,998 shares of the semiconductor company’s stock worth $2,571,000 after acquiring an additional 4,850 shares during the period. Finally, Park Place Capital Corp lifted its position in Analog Devices by 59.4% during the 2nd quarter. Park Place Capital Corp now owns 1,412 shares of the semiconductor company’s stock worth $322,000 after acquiring an additional 526 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 directly owns 51,039 shares of the company’s stock, valued at $11,672,108.91. This represents a 16.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory M. Bryant sold 30,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $228.93, for a total value of $6,867,900.00. Following the transaction, the executive vice president now owns 79,093 shares of the company’s stock, valued at approximately $18,106,760.49. The trade was a 27.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,000 shares of company stock valued at $24,883,200. 0.31% of the stock is currently owned by corporate insiders.

Analog Devices Stock Performance

Shares of ADI stock opened at $218.05 on Friday. Analog Devices, Inc. has a one year low of $179.63 and a one year high of $244.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.24. The stock has a market cap of $108.22 billion, a PE ratio of 66.28, a price-to-earnings-growth ratio of 3.35 and a beta of 1.08. The stock has a 50-day moving average of $224.14 and a 200-day moving average of $225.86.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.68 annualized dividend and a yield of 1.69%. Analog Devices’s dividend payout ratio (DPR) is currently 111.85%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADI shares. Oppenheimer reiterated an “outperform” rating and issued a $245.00 price objective on shares of Analog Devices in a research note on Thursday, August 22nd. JPMorgan Chase & Co. increased their price objective on Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Truist Financial dropped their target price on shares of Analog Devices from $233.00 to $227.00 and set a “hold” rating on the stock in a research report on Wednesday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Analog Devices in a research report on Tuesday, October 8th. Finally, Piper Sandler lowered their price target on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.33.

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.