Werba Rubin Papier Wealth Management Has $255,000 Position in Analog Devices, Inc. (NASDAQ:ADI)

Werba Rubin Papier Wealth Management reduced its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 9.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,264 shares of the semiconductor company’s stock after selling 134 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Analog Devices were worth $255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in Analog Devices in the 4th quarter valued at about $27,000. Menard Financial Group LLC acquired a new stake in Analog Devices in the 4th quarter valued at about $27,000. Alpine Bank Wealth Management acquired a new stake in Analog Devices in the 1st quarter valued at about $27,000. North Capital Inc. acquired a new stake in Analog Devices in the 1st quarter valued at about $36,000. Finally, Wolff Wiese Magana LLC lifted its stake in Analog Devices by 209.8% in the 1st quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 128 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

ADI stock opened at $227.82 on Monday. The company has a 50 day simple moving average of $230.63 and a 200 day simple moving average of $215.18. The stock has a market cap of $113.06 billion, a price-to-earnings ratio of 62.08, a P/E/G ratio of 2.10 and a beta of 1.02. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.15. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 EPS. Research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.74%. The ex-dividend date was Wednesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is currently 107.90%.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $196.84, for a total value of $1,968,400.00. Following the completion of the transaction, the chief executive officer directly owned 142,996 shares in the company, valued at approximately $28,147,332.64. This represents a 6.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the transaction, the director owned 167,571 shares of the company’s stock, valued at approximately $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,250 shares of company stock valued at $3,327,994. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADI. Cfra Research downgraded shares of Analog Devices from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, May 22nd. Wells Fargo & Company set a $235.00 target price on shares of Analog Devices and gave the stock an “equal weight” rating in a report on Monday, June 16th. Piper Sandler reduced their target price on shares of Analog Devices from $240.00 to $215.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. Oppenheimer lifted their target price on shares of Analog Devices from $225.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Finally, TD Cowen lifted their target price on shares of Analog Devices from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

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.