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Williams Jones Wealth Management LLC. Has $2.46 Million Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Williams Jones Wealth Management LLC. cut its holdings in Analog Devices, Inc. (NASDAQ:ADIGet Rating) by 1.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,875 shares of the semiconductor company’s stock after selling 203 shares during the period. Williams Jones Wealth Management LLC.’s holdings in Analog Devices were worth $2,457,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ADI. Blossom Wealth Management grew its stake in Analog Devices by 4.8% during the first quarter. Blossom Wealth Management now owns 1,424 shares of the semiconductor company’s stock worth $235,000 after buying an additional 65 shares in the last quarter. American National Bank grew its stake in Analog Devices by 10.9% during the first quarter. American National Bank now owns 682 shares of the semiconductor company’s stock worth $113,000 after buying an additional 67 shares in the last quarter. Mission Wealth Management LP grew its stake in Analog Devices by 3.1% during the fourth quarter. Mission Wealth Management LP now owns 2,395 shares of the semiconductor company’s stock worth $421,000 after buying an additional 73 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in Analog Devices by 24.9% during the first quarter. Catalyst Capital Advisors LLC now owns 371 shares of the semiconductor company’s stock worth $61,000 after buying an additional 74 shares in the last quarter. Finally, OPSEU Pension Plan Trust Fund grew its stake in Analog Devices by 2.9% during the first quarter. OPSEU Pension Plan Trust Fund now owns 2,701 shares of the semiconductor company’s stock worth $451,000 after buying an additional 76 shares in the last quarter. 85.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In related news, Director Tunc Doluca sold 2,300 shares of the business’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $160.00, for a total value of $368,000.00. Following the sale, the director now directly owns 85,357 shares in the company, valued at approximately $13,657,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Analog Devices news, SVP Vivek Jain sold 14,000 shares of Analog Devices stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $165.63, for a total transaction of $2,318,820.00. Following the completion of the transaction, the senior vice president now owns 18,271 shares of the company’s stock, valued at approximately $3,026,225.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tunc Doluca sold 2,300 shares of Analog Devices stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $160.00, for a total value of $368,000.00. Following the transaction, the director now directly owns 85,357 shares of the company’s stock, valued at approximately $13,657,120. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,700 shares of company stock worth $8,827,200. Company insiders own 0.91% of the company’s stock.

Analog Devices Trading Up 1.3 %

NASDAQ ADI opened at $154.18 on Monday. The stock has a market capitalization of $79.30 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 1.34 and a beta of 1.16. Analog Devices, Inc. has a one year low of $138.50 and a one year high of $191.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.92 and a quick ratio of 1.43. The business’s fifty day moving average is $161.47 and its 200-day moving average is $159.00.

Analog Devices (NASDAQ:ADIGet Rating) last announced its quarterly earnings data on Wednesday, August 17th. The semiconductor company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Analog Devices had a return on equity of 11.92% and a net margin of 17.00%. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the business posted $1.72 EPS. The firm’s quarterly revenue was up 76.8% compared to the same quarter last year. Equities research analysts predict that Analog Devices, Inc. will post 9.42 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Tuesday, August 30th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Monday, August 29th. Analog Devices’s dividend payout ratio is currently 83.98%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ADI. Sanford C. Bernstein increased their price objective on shares of Analog Devices to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 19th. UBS Group reduced their price objective on shares of Analog Devices to $210.00 and set a “hold” rating on the stock in a research note on Thursday, May 19th. Robert W. Baird reissued an “outperform” rating and issued a $220.00 target price on shares of Analog Devices in a report on Friday, August 19th. Citigroup increased their target price on shares of Analog Devices from $192.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. Finally, Truist Financial increased their target price on shares of Analog Devices from $203.00 to $209.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.61.

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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