Analog Devices, Inc. (NASDAQ:ADI) Stock Position Raised by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,680 shares of the semiconductor company’s stock after purchasing an additional 65 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Analog Devices were worth $1,768,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ADI. Anchor Investment Management LLC boosted its holdings in shares of Analog Devices by 33.2% during the third quarter. Anchor Investment Management LLC now owns 2,485 shares of the semiconductor company’s stock worth $572,000 after purchasing an additional 619 shares during the period. SkyView Investment Advisors LLC lifted its position in Analog Devices by 4.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,261 shares of the semiconductor company’s stock worth $751,000 after buying an additional 128 shares in the last quarter. Invst LLC boosted its stake in shares of Analog Devices by 7.7% during the 3rd quarter. Invst LLC now owns 974 shares of the semiconductor company’s stock valued at $224,000 after buying an additional 70 shares during the period. TCW Group Inc. grew its holdings in shares of Analog Devices by 10.7% during the 3rd quarter. TCW Group Inc. now owns 15,436 shares of the semiconductor company’s stock valued at $3,553,000 after acquiring an additional 1,491 shares in the last quarter. Finally, Soltis Investment Advisors LLC acquired a new position in shares of Analog Devices in the third quarter worth $1,275,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other Analog Devices news, EVP Gregory M. Bryant sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $224.10, for a total transaction of $6,723,000.00. Following the sale, the executive vice president now directly owns 109,093 shares of the company’s stock, valued at approximately $24,447,741.30. This represents a 21.57 % decrease in their ownership of the stock. 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 Analog Devices stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $215.83, for a total transaction of $2,158,300.00. Following the completion of the transaction, the chief executive officer now owns 21,983 shares of the company’s stock, valued at $4,744,590.89. This trade represents a 31.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock valued at $24,754,600 in the last 90 days. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ADI. JPMorgan Chase & Co. lifted their price objective on Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Piper Sandler lowered their price target on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Bank of America dropped their price objective on Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Wells Fargo & Company started coverage on shares of Analog Devices in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 target price for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average target price of $249.33.

Analog Devices Stock Performance

ADI opened at $217.72 on Friday. The stock has a market cap of $108.05 billion, a PE ratio of 66.18, a P/E/G ratio of 2.48 and a beta of 1.05. Analog Devices, Inc. has a 1 year low of $181.80 and a 1 year high of $244.14. The stock’s 50 day simple moving average is $222.57 and its 200-day simple moving average is $225.70. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period last year, the firm earned $2.01 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 7.15 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 9th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.68 annualized dividend and a dividend yield of 1.69%. Analog Devices’s dividend payout ratio (DPR) is presently 111.85%.

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.