Meeder Advisory Services Inc. Invests $6.16 Million in Analog Devices, Inc. $ADI

by · The Markets Daily

Meeder Advisory Services Inc. acquired a new stake in Analog Devices, Inc. (NASDAQ:ADIFree Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,504 shares of the semiconductor company’s stock, valued at approximately $6,158,000.

Other large investors also recently made changes to their positions in the company. Riverbend Wealth Management LLC grew its stake in shares of Analog Devices by 2.2% during the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock valued at $396,000 after purchasing an additional 27 shares during the last quarter. Bridgewater Advisors Inc. increased its holdings in shares of Analog Devices by 1.5% in the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock valued at $574,000 after purchasing an additional 27 shares in the last quarter. Silicon Valley Capital Partners raised its position in Analog Devices by 4.2% in the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 27 shares during the last quarter. Sound Income Strategies LLC raised its position in Analog Devices by 12.0% in the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 30 shares during the last quarter. Finally, 1620 Investment Advisors Inc. lifted its holdings in Analog Devices by 5.0% during the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock worth $182,000 after buying an additional 32 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI opened at $376.63 on Wednesday. The stock has a market capitalization of $183.45 billion, a price-to-earnings ratio of 55.96, a PEG ratio of 1.01 and a beta of 1.20. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The firm has a fifty day simple moving average of $390.37 and a 200 day simple moving average of $370.30. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADIGet Free Report) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the business earned $1.85 earnings per share. The firm’s revenue was up 37.2% on a year-over-year basis. Research analysts forecast that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ADI has been the topic of several recent research reports. Robert W. Baird raised their target price on shares of Analog Devices from $365.00 to $450.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. KeyCorp boosted their price target on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Raymond James Financial restated an “outperform” rating and issued a $430.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Finally, Citigroup lifted their target price on shares of Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and an average target price of $441.00.

Get Our Latest Analysis on Analog Devices

Insiders Place Their Bets

In other Analog Devices news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $389.83, for a total value of $389,830.00. Following the transaction, the director directly owned 11,019 shares of the company’s stock, valued at $4,295,536.77. This represents a 8.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the completion of the transaction, the director owned 114,511 shares in the company, valued at $43,213,016.07. This trade represents a 1.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 105,274 shares of company stock worth $42,247,986 in the last quarter. Insiders own 0.36% of the company’s stock.

Trending Headlines about Analog Devices

Here are the key news stories impacting Analog Devices this week:

  • Positive Sentiment: Analysts expect fiscal Q3 earnings of approximately $3.33 per share, compared with $2.05 per share a year earlier. Several highly rated analysts have recently revised their forecasts, supporting expectations for continued earnings growth. Analog Devices likely to report higher Q3 earnings
  • Positive Sentiment: Analog Devices enters the report after record recent revenue, expanding margins and strong free-cash-flow generation. Management previously targeted roughly $3.9 billion of fiscal Q3 revenue and adjusted EPS near $3.30, creating potential for a “beat and raise” reaction if results exceed those targets. Analog Devices stock rises as earnings target approaches
  • Positive Sentiment: The industrial segment continues to benefit from factory modernization, electrification and robotics demand. Wall Street sentiment remains broadly favorable, including Cantor Fitzgerald’s reaffirmed Overweight rating and $550 price target. Can ADI’s industrial segment sustain growth momentum?

Analog Devices Company Profile

(Free Report)

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.

See Also

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