Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 28.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 323 shares of the semiconductor company’s stock after selling 130 shares during the quarter. Hantz Financial Services Inc.’s holdings in Analog Devices were worth $74,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Baader Bank Aktiengesellschaft raised its holdings in Analog Devices by 3.9% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,143 shares of the semiconductor company’s stock worth $259,000 after buying an additional 43 shares during the period. Grove Bank & Trust raised its holdings in shares of Analog Devices by 3.1% during the third quarter. Grove Bank & Trust now owns 1,445 shares of the semiconductor company’s stock valued at $333,000 after acquiring an additional 43 shares during the period. CVA Family Office LLC lifted its position in shares of Analog Devices by 40.2% in the 2nd quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 45 shares in the last quarter. Legacy Financial Advisors Inc. grew its position in Analog Devices by 1.4% during 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 in the last quarter. Finally, Quotient Wealth Partners LLC raised its stake in Analog Devices by 2.5% during the 3rd quarter. Quotient Wealth Partners LLC now owns 1,977 shares of the semiconductor company’s stock valued at $455,000 after purchasing an additional 48 shares during the period. Institutional investors own 86.81% of the company’s stock.

Insider Activity

In other news, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the sale, the executive vice president now directly owns 59,093 shares in the company, valued at approximately $13,229,149.91. The trade was a 25.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 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 transaction of $2,289,300.00. Following the completion of the transaction, the chief executive officer now directly owns 45,326 shares of the company’s stock, valued at $10,376,481.18. This trade represents a 18.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,000 shares of company stock valued at $22,596,300. Insiders own 0.31% of the company’s stock.

Analog Devices Stock Up 2.3 %

ADI opened at $223.12 on Tuesday. Analog Devices, Inc. has a 1-year low of $179.63 and a 1-year high of $244.14. The business has a 50 day moving average of $224.14 and a 200-day moving average of $226.03. The stock has a market capitalization of $110.73 billion, a price-to-earnings ratio of 67.82, a P/E/G ratio of 3.36 and a beta of 1.08. The company has a current ratio of 1.84, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend yield of 1.65%. Analog Devices’s payout ratio is 111.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. TD Cowen decreased their target price on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Piper Sandler lowered their target price on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Truist Financial reduced their price target on shares of Analog Devices from $233.00 to $227.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. 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, Bank of America cut their target price on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.