Consolidated Planning Corp Has $636,000 Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Consolidated Planning Corp boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 59.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,763 shares of the semiconductor company’s stock after purchasing an additional 1,035 shares during the quarter. Consolidated Planning Corp’s holdings in Analog Devices were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Kornitzer Capital Management Inc. KS bought a new position in shares of Analog Devices in the 3rd quarter worth $4,219,000. Olympiad Research LP bought a new stake in Analog Devices in the third quarter valued at approximately $431,000. Principal Financial Group Inc. raised its holdings in Analog Devices by 2.7% in the third quarter. Principal Financial Group Inc. now owns 605,596 shares of the semiconductor company’s stock worth $139,390,000 after purchasing an additional 16,051 shares during the period. Advisor Resource Council bought a new position in shares of Analog Devices during the third quarter worth $467,000. Finally, Concurrent Investment Advisors LLC increased its position in shares of Analog Devices by 8.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 16,484 shares of the semiconductor company’s stock valued at $3,794,000 after buying an additional 1,237 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $227.77 on Friday. 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 business’s 50 day moving average price is $226.85 and its two-hundred day moving average price is $224.09. The company has a market cap of $113.09 billion, a PE ratio of 68.40, a price-to-earnings-growth ratio of 3.14 and a beta of 1.08. Analog Devices, Inc. has a twelve month low of $166.78 and a twelve month high of $244.14.

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

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.62%. Analog Devices’s dividend payout ratio (DPR) is presently 110.51%.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Edward H. Frank sold 500 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $227.24, for a total value of $113,620.00. Following the transaction, the director now directly owns 4,748 shares of the company’s stock, valued at $1,078,935.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Edward H. Frank sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $227.24, for a total value of $113,620.00. Following the completion of the sale, the director now directly owns 4,748 shares in the company, valued at approximately $1,078,935.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $228.69, for a total value of $2,286,900.00. Following the sale, the chief executive officer now directly 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 a total of 111,495 shares of company stock worth $25,229,958 over the last quarter. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ADI. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Morgan Stanley boosted their price objective on Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Barclays raised their target price on shares of Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Bank of America reduced their price target on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, Oppenheimer restated an “outperform” rating and issued a $245.00 target price on shares of Analog Devices in a research note on Thursday, August 22nd. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $249.80.

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.