Athena Capital Advisors LLC purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 489 shares of the semiconductor company’s stock, valued at approximately $42,000.
Other large investors also recently added to or reduced their stakes in the company. Legacy Financial Advisors Inc. raised its holdings in Analog Devices by 9,766.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 296 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 293 shares during the period. Capital Investment Advisory Services LLC purchased a new stake in Analog Devices during the 4th quarter valued at $35,000. Oregon Public Employees Retirement Fund raised its holdings in Analog Devices by 8,439.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,472,596 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 3,431,930 shares during the period. Financial Gravity Companies Inc. purchased a new stake in Analog Devices during the 4th quarter valued at $46,000. Finally, Tompkins Financial Corp raised its holdings in Analog Devices by 74.8% during the 4th quarter. Tompkins Financial Corp now owns 549 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 235 shares during the period. Institutional investors own 90.11% of the company’s stock.
In related news, SVP Margaret K. Seif sold 2,700 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $100.47, for a total transaction of $271,269.00. Following the sale, the senior vice president now owns 24,517 shares of the company’s stock, valued at $2,463,222.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $93.34, for a total value of $933,400.00. Following the sale, the chief executive officer now directly owns 27,376 shares in the company, valued at approximately $2,555,275.84. The disclosure for this sale can be found here. Insiders have sold a total of 33,103 shares of company stock worth $3,020,189 in the last three months. Corporate insiders own 0.50% of the company’s stock.
ADI has been the topic of a number of recent analyst reports. BidaskClub upgraded Analog Devices from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. ValuEngine upgraded Analog Devices from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research lowered Analog Devices from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. Summit Insights upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Finally, B. Riley increased their target price on Analog Devices to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Analog Devices currently has a consensus rating of “Buy” and a consensus target price of $100.88.
ADI opened at $106.82 on Thursday. Analog Devices, Inc. has a 12-month low of $76.62 and a 12-month high of $108.28. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.50. The firm has a market cap of $38.49 billion, a PE ratio of 17.98, a PEG ratio of 1.58 and a beta of 1.24.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Analog Devices had a return on equity of 20.88% and a net margin of 24.12%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $1.42 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. On average, equities analysts expect that Analog Devices, Inc. will post 5.4 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Friday, March 1st will be given a dividend of $0.54 per share. This is an increase from Analog Devices’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, February 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.02%. Analog Devices’s dividend payout ratio is presently 32.32%.
Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, and markets integrated circuits (ICs), algorithms, software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.
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