KLCM Advisors Inc. Sells 54 Shares of Analog Devices, Inc. (NASDAQ:ADI)

KLCM Advisors Inc. trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,188 shares of the semiconductor company’s stock after selling 54 shares during the period. KLCM Advisors Inc.’s holdings in Analog Devices were worth $236,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Amarillo National Bank grew its holdings in Analog Devices by 3.7% during the 4th quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock valued at $300,000 after buying an additional 54 shares in the last quarter. Keystone Financial Services boosted its stake in Analog Devices by 1.8% in the fourth quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock worth $623,000 after buying an additional 55 shares in the last quarter. Ancora Advisors LLC boosted its stake in Analog Devices by 2.1% in the third quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock worth $480,000 after buying an additional 57 shares in the last quarter. Legacy Advisors LLC boosted its stake in Analog Devices by 2.3% in the third quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock worth $465,000 after buying an additional 59 shares in the last quarter. Finally, MRA Advisory Group boosted its stake in Analog Devices by 2.5% in the third quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company’s stock worth $444,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the transaction, the executive vice president now directly owns 5,745 shares in the company, valued at $1,134,982.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the transaction, the executive vice president now directly owns 5,745 shares in the company, valued at $1,134,982.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $197.40, for a total value of $1,974,000.00. Following the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at $10,075,098.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,707 shares of company stock worth $4,825,113. 0.31% of the stock is owned by corporate insiders.

Analog Devices Price Performance

ADI opened at $189.43 on Thursday. The stock has a fifty day simple moving average of $193.18 and a two-hundred day simple moving average of $186.46. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The company has a market cap of $93.94 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 4.80 and a beta of 1.17. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $204.20.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data 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 business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The firm’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.75 earnings per share. Research analysts predict that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were issued a $0.92 dividend. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.94%. Analog Devices’s dividend payout ratio is 65.83%.

Wall Street Analysts Forecast Growth

ADI has been the subject of several research reports. KeyCorp upped their target price on Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Evercore ISI initiated coverage on Analog Devices in a research note on Tuesday. They set an “outperform” rating and a $254.00 price objective for the company. Cantor Fitzgerald reissued a “neutral” rating and set a $205.00 price objective on shares of Analog Devices in a research note on Monday, March 4th. Truist Financial dropped their price objective on Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Finally, Oppenheimer reissued an “outperform” rating and set a $215.00 price objective on shares of Analog Devices in a research note on Thursday, February 22nd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Analog Devices presently has an average 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.