Shoker Investment Counsel Inc. Has $3.29 Million Stake in Analog Devices, Inc. (NASDAQ:ADI)

by · The Cerbat Gem

Shoker Investment Counsel Inc. cut its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,278 shares of the semiconductor company’s stock after selling 433 shares during the period. Analog Devices makes up 1.1% of Shoker Investment Counsel Inc.’s holdings, making the stock its 26th largest position. Shoker Investment Counsel Inc.’s holdings in Analog Devices were worth $3,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ADI. Norden Group LLC boosted its position in Analog Devices by 15.6% during the 1st quarter. Norden Group LLC now owns 1,915 shares of the semiconductor company’s stock worth $379,000 after acquiring an additional 258 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Analog Devices by 25.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,892 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 389 shares in the last quarter. Duality Advisers LP boosted its stake in shares of Analog Devices by 66.2% during the 1st quarter. Duality Advisers LP now owns 7,930 shares of the semiconductor company’s stock worth $1,568,000 after buying an additional 3,159 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Analog Devices by 3.0% in the 1st quarter. Empowered Funds LLC now owns 18,203 shares of the semiconductor company’s stock valued at $3,600,000 after acquiring an additional 528 shares in the last quarter. Finally, NTV Asset Management LLC increased its position in shares of Analog Devices by 21.9% in the first quarter. NTV Asset Management LLC now owns 2,034 shares of the semiconductor company’s stock valued at $402,000 after acquiring an additional 365 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the transaction, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,921,334.21. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the completion of the sale, the chief executive officer now owns 21,983 shares in the company, valued at approximately $4,921,334.21. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the transaction, the executive vice president now owns 59,093 shares of the company’s stock, valued at $13,229,149.91. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,495 shares of company stock valued at $25,229,958 over the last 90 days. Company insiders own 0.31% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $225.80 on Friday. The firm has a 50 day moving average of $226.61 and a 200-day moving average of $224.39. The stock has a market capitalization of $112.11 billion, a PE ratio of 67.81, a PEG ratio of 3.14 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 12 month low of $166.78 and a 12 month high of $244.14.

Analog Devices (NASDAQ:ADI – Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.08. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The company’s revenue was down 24.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.49 EPS. On average, equities research analysts predict that Analog Devices, Inc. will post 6.34 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.92 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 1.63%. Analog Devices’s payout ratio is 110.51%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ADI shares. Truist Financial cut Analog Devices from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $266.00 to $233.00 in a research note on Monday, September 23rd. Oppenheimer restated an “outperform” rating and issued a $245.00 price objective on shares of Analog Devices in a research note on Thursday, August 22nd. Morgan Stanley lifted their target price on Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Finally, Bank of America cut their price target on Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.80.

Check Out Our Latest Research Report on ADI

Analog Devices Company Profile

(Free Report)

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.

Further Reading

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