Waldron Private Wealth LLC Has $547,000 Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Waldron Private Wealth LLC cut its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 6.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,756 shares of the semiconductor company’s stock after selling 187 shares during the quarter. Waldron Private Wealth LLC’s holdings in Analog Devices were worth $547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Markel Corp lifted its stake in Analog Devices by 1.4% in the 1st quarter. Markel Corp now owns 1,077,821 shares of the semiconductor company’s stock valued at $178,034,000 after acquiring an additional 15,150 shares in the last quarter. Fairfield Bush & CO. bought a new stake in Analog Devices in the 1st quarter valued at approximately $82,000. United Bank lifted its stake in Analog Devices by 24.7% in the 1st quarter. United Bank now owns 6,647 shares of the semiconductor company’s stock valued at $1,098,000 after acquiring an additional 1,315 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Analog Devices by 34.7% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,599 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 412 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Analog Devices by 14.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 116,085 shares of the semiconductor company’s stock valued at $19,175,000 after acquiring an additional 14,718 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the transaction, the chief executive officer now directly owns 5,713 shares in the company, valued at $1,097,524.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Analog Devices news, Director James Champy sold 1,228 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the transaction, the director now directly owns 6,371 shares in the company, valued at $1,259,164.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the transaction, the chief executive officer now owns 5,713 shares of the company’s stock, valued at $1,097,524.43. The disclosure for this sale can be found here. Insiders have sold 24,707 shares of company stock valued at $4,825,113 over the last ninety days. 0.31% of the stock is owned by corporate insiders.

Analog Devices Stock Performance

ADI opened at $190.29 on Tuesday. The firm has a market cap of $94.37 billion, a P/E ratio of 34.04, a price-to-earnings-growth ratio of 4.82 and a beta of 1.17. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $204.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The business’s fifty day moving average is $193.20 and its 200-day moving average is $186.33.

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

Analog Devices Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and set a $215.00 price objective on shares of Analog Devices in a research note on Thursday, February 22nd. KeyCorp upped their price objective on Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group upped their price objective on Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Truist Financial dropped their price objective on Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Finally, Sanford C. Bernstein cut Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target on the stock. in a research note on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.17.

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.