Capital Analysts LLC Buys 235 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Capital Analysts LLC grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,069 shares of the semiconductor company’s stock after acquiring an additional 235 shares during the period. Capital Analysts LLC’s holdings in Analog Devices were worth $2,198,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Sequoia Financial Advisors LLC grew its holdings in Analog Devices by 107.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,667 shares of the semiconductor company’s stock worth $2,515,000 after purchasing an additional 6,564 shares during the last quarter. Prime Capital Investment Advisors LLC grew its holdings in Analog Devices by 37.5% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 8,118 shares of the semiconductor company’s stock worth $1,612,000 after purchasing an additional 2,215 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Analog Devices by 31.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 373,625 shares of the semiconductor company’s stock worth $74,187,000 after purchasing an additional 89,504 shares during the last quarter. L. Roy Papp & Associates LLP grew its holdings in shares of Analog Devices by 2.0% during the fourth quarter. L. Roy Papp & Associates LLP now owns 37,339 shares of the semiconductor company’s stock valued at $7,414,000 after buying an additional 717 shares during the last quarter. Finally, Argus Investors Counsel Inc. grew its holdings in shares of Analog Devices by 28.3% during the fourth quarter. Argus Investors Counsel Inc. now owns 12,511 shares of the semiconductor company’s stock valued at $2,484,000 after buying an additional 2,757 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Activity

In other news, Director James Champy sold 1,228 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the sale, the director now directly owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, April 1st. The shares were sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $10,075,098.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the sale, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,707 shares of company stock worth $4,825,113. 0.31% of the stock is currently owned by corporate insiders.

Analog Devices Stock Up 0.3 %

Analog Devices stock traded up $0.57 during mid-day trading on Tuesday, reaching $190.86. 180,093 shares of the company’s stock were exchanged, compared to its average volume of 3,321,250. The company has a market cap of $94.65 billion, a P/E ratio of 34.04, a P/E/G ratio of 4.82 and a beta of 1.17. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $204.20. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $193.20 and a 200-day moving average of $186.33.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The firm’s quarterly revenue was down 22.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.75 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 5.86 EPS for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.93%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio (DPR) is presently 65.83%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $205.00 price objective on shares of Analog Devices in a report on Monday, March 4th. KeyCorp boosted their price objective on shares of Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Truist Financial dropped their price objective on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Analog Devices in a report on Thursday, February 22nd. Finally, Barclays upped their price target on shares of Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $208.17.

Analog Devices Company 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.