Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 11.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,397 shares of the semiconductor company’s stock after acquiring an additional 139 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Analog Devices were worth $277,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Choreo LLC increased its holdings in Analog Devices by 154.3% in the fourth quarter. Choreo LLC now owns 4,923 shares of the semiconductor company’s stock valued at $978,000 after buying an additional 2,987 shares in the last quarter. Mather Group LLC. grew its position in Analog Devices by 12.6% in the 4th quarter. Mather Group LLC. now owns 3,917 shares of the semiconductor company’s stock valued at $778,000 after acquiring an additional 437 shares in the last quarter. Monumental Financial Group Inc. grew its holdings in Analog Devices by 2.1% during the 4th quarter. Monumental Financial Group Inc. now owns 5,916 shares of the semiconductor company’s stock worth $1,175,000 after acquiring an additional 119 shares in the last quarter. Silver Oak Securities Incorporated increased its stake in Analog Devices by 2,987.1% in the fourth quarter. Silver Oak Securities Incorporated now owns 5,032 shares of the semiconductor company’s stock valued at $999,000 after purchasing an additional 4,869 shares during the last quarter. Finally, Little House Capital LLC increased its position in shares of Analog Devices by 3.5% during the fourth quarter. Little House Capital LLC now owns 7,424 shares of the semiconductor company’s stock worth $1,474,000 after purchasing an additional 252 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wolfe Research raised shares of Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 target price for the company in a report on Thursday, January 18th. The Goldman Sachs Group increased their price target on shares of Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Sanford C. Bernstein downgraded Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 target price for the company. in a research note on Thursday, January 4th. Barclays upped their price objective on Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Finally, Truist Financial reduced their target price on Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.17.

Analog Devices Trading Down 0.4 %

Analog Devices stock traded down $0.77 during trading hours on Tuesday, reaching $203.13. 235,328 shares of the company’s stock traded hands, compared to its average volume of 3,342,551. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $204.20. The firm’s 50 day moving average is $193.76 and its 200-day moving average is $187.66. The firm has a market capitalization of $100.73 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 5.07 and a beta of 1.17.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.71 by $0.02. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the firm posted $2.75 EPS. The company’s revenue for the quarter was down 22.7% on a year-over-year basis. On average, analysts predict that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.92 per share. 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 annualized dividend and a dividend yield of 1.81%. Analog Devices’s dividend payout ratio (DPR) is 65.83%.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the firm’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 transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 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 transaction 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 stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now owns 5,713 shares in the company, valued at $1,097,524.43. The disclosure for this sale can be found here. Insiders sold 24,707 shares of company stock worth $4,825,113 over the last three months. Company insiders own 0.31% of the company’s stock.

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.