Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,553 shares of the semiconductor company’s stock after selling 368 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Analog Devices were worth $8,648,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Amarillo National Bank boosted its position in shares of Analog Devices by 3.7% during the fourth quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock worth $300,000 after buying an additional 54 shares during the period. Keystone Financial Services lifted its holdings 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 purchasing an additional 55 shares during the period. Ancora Advisors LLC grew its position in Analog Devices by 2.1% in the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock valued at $480,000 after buying an additional 57 shares in the last quarter. Legacy Advisors LLC lifted its stake in shares of Analog Devices by 2.3% in the 3rd quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock worth $465,000 after acquiring an additional 59 shares during the period. Finally, MRA Advisory Group increased its stake in shares of Analog Devices by 2.5% during the third quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company’s stock valued at $444,000 after acquiring an additional 61 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Price Performance

NASDAQ:ADI traded down $1.48 during midday trading on Tuesday, hitting $202.42. The company had a trading volume of 489,059 shares, compared to its average volume of 3,345,250. The stock’s fifty day moving average price is $193.76 and its 200-day moving average price is $187.66. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $204.20. The company has a market capitalization of $100.38 billion, a PE ratio of 36.48, a P/E/G ratio of 5.07 and a beta of 1.17.

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 analysts’ consensus estimates of $1.71 by $0.02. The firm had revenue of $2.51 billion during 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%. The business’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.75 earnings per share. As a group, research analysts expect that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Monday, March 4th. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s payout ratio is 65.83%.

Insider Transactions at Analog Devices

In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of Analog Devices 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 owns 5,745 shares in the company, valued at $1,134,982.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the transaction, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 5,713 shares in the company, 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 in the last three months. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ADI has been the subject of a number of analyst reports. Evercore ISI started coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price objective for the company. Barclays upped their price target on Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Morgan Stanley reissued an “overweight” rating and set a $212.00 price objective on shares of Analog Devices in a research report on Thursday, April 11th. Truist Financial dropped their price objective on shares of 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, The Goldman Sachs Group boosted their price target on Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company 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.