Spire Wealth Management Purchases 5,044 Shares of Analog Devices, Inc. $ADI

Spire Wealth Management boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 422.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,239 shares of the semiconductor company’s stock after buying an additional 5,044 shares during the quarter. Spire Wealth Management’s holdings in Analog Devices were worth $1,533,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Analog Devices in the second quarter valued at approximately $1,803,377,000. Marshall Wace LLP boosted its holdings in Analog Devices by 948.2% during the second quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock worth $258,487,000 after purchasing an additional 982,385 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Analog Devices by 47.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,745,985 shares of the semiconductor company’s stock valued at $653,599,000 after purchasing an additional 882,909 shares in the last quarter. Vanguard Group Inc. grew its position in Analog Devices by 1.5% in the second quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock valued at $11,955,086,000 after purchasing an additional 761,861 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Analog Devices by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock valued at $2,770,448,000 after buying an additional 633,425 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Up 0.6%

Analog Devices stock opened at $300.93 on Friday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $303.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The stock has a market capitalization of $147.35 billion, a P/E ratio of 65.99, a PEG ratio of 1.65 and a beta of 1.03. The stock has a 50-day simple moving average of $262.65 and a 200 day simple moving average of $247.85.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the company earned $1.67 earnings per share. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. Analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.3%. Analog Devices’s dividend payout ratio (DPR) is currently 86.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ADI shares. Weiss Ratings restated a “buy (b-)” rating on shares of Analog Devices in a research note on Monday, December 29th. Bank of America upped their target price on Analog Devices from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Robert W. Baird increased their price target on Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Sanford C. Bernstein restated a “market perform” rating and issued a $270.00 price target on shares of Analog Devices in a research note on Wednesday, November 26th. Finally, Wells Fargo & Company boosted their price target on Analog Devices from $250.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $287.22.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $230.21, for a total transaction of $719,406.25. Following the completion of the sale, the director owned 142,571 shares in the company, valued at approximately $32,821,269.91. This trade represents a 2.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Michael Sondel sold 8,169 shares of Analog Devices stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the sale, the chief accounting officer directly owned 18,913 shares of the company’s stock, valued at $5,258,381.39. The trade was a 30.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 39,919 shares of company stock valued at $10,464,462. 0.33% of the stock is owned by company insiders.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.