Fortem Financial Group LLC Has $1.03 Million Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Fortem Financial Group LLC lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,510 shares of the semiconductor company’s stock after buying an additional 55 shares during the quarter. Fortem Financial Group LLC’s holdings in Analog Devices were worth $1,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. USA Financial Formulas boosted its holdings in Analog Devices by 87.8% during the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after buying an additional 65 shares during the last quarter. Private Wealth Management Group LLC bought a new position in Analog Devices during the 4th quarter worth approximately $29,000. New Millennium Group LLC acquired a new position in Analog Devices during the second quarter valued at approximately $29,000. Riverview Trust Co bought a new stake in Analog Devices in the first quarter valued at approximately $30,000. Finally, ORG Partners LLC raised its holdings in Analog Devices by 675.0% in the second quarter. ORG Partners LLC now owns 155 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 135 shares during the period. 86.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $226.70, for a total value of $2,267,000.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $11,570,541.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $226.70, for a total value of $2,267,000.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $11,570,541.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edward H. Frank sold 500 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $227.24, for a total value of $113,620.00. Following the completion of the transaction, the director now owns 4,748 shares of the company’s stock, valued at $1,078,935.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,107 shares of company stock valued at $9,014,710. 0.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on ADI. Barclays raised their price target on Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Citigroup lifted their price target on shares of Analog Devices from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Jefferies Financial Group assumed coverage on shares of Analog Devices in a research report on Monday, May 13th. They set a “buy” rating and a $250.00 price objective for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $245.00 price objective on shares of Analog Devices in a research report on Thursday, August 22nd. Finally, Stifel Nicolaus increased their target price on Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, May 20th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $251.45.

Analog Devices Trading Down 6.9 %

Shares of ADI stock opened at $218.71 on Wednesday. The stock has a 50 day simple moving average of $225.95 and a 200 day simple moving average of $213.53. The stock has a market cap of $108.59 billion, a P/E ratio of 51.10, a price-to-earnings-growth ratio of 3.91 and a beta of 1.08. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $244.14.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.50 by $0.08. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the firm earned $2.49 EPS. The business’s quarterly revenue was down 24.8% compared to the same quarter last year. On average, research analysts predict that Analog Devices, Inc. will post 6.33 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, September 3rd. Analog Devices’s payout ratio is 85.98%.

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.