Capital Analysts LLC Buys 235 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Capital Analysts LLC grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,069 shares of the semiconductor company’s stock after buying an additional 235 shares during the period. Capital Analysts LLC’s holdings in Analog Devices were worth $2,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Amarillo National Bank raised its position in Analog Devices by 3.7% in the 4th quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock valued at $300,000 after buying an additional 54 shares during the last quarter. Keystone Financial Services boosted its stake in shares of Analog Devices by 1.8% during the 4th quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock worth $623,000 after acquiring an additional 55 shares during the period. Ancora Advisors LLC boosted its stake in shares of Analog Devices by 2.1% during the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock worth $480,000 after acquiring an additional 57 shares during the period. Legacy Advisors LLC boosted its stake in shares of Analog Devices by 2.3% during 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 boosted its stake in shares of Analog Devices by 2.5% during the 3rd quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company’s stock worth $444,000 after acquiring an additional 61 shares during the period. Institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ADI shares. Barclays lifted their target price 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. Edward Jones upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Oppenheimer restated an “outperform” rating and issued a $215.00 price target on shares of Analog Devices in a research note on Thursday, February 22nd. Evercore ISI started coverage on Analog Devices in a research note on Tuesday. They issued an “outperform” rating and a $254.00 price target for the company. Finally, Truist Financial reduced their price target on Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $208.17.

Analog Devices Stock Performance

Analog Devices stock traded up $0.57 during mid-day trading on Tuesday, reaching $190.86. 180,093 shares of the company’s stock were exchanged, compared to its average volume of 3,321,250. The business’s fifty day simple moving average is $193.20 and its 200 day simple moving average is $186.33. The firm has a market capitalization of $94.65 billion, a PE ratio of 34.04, a P/E/G ratio of 4.82 and a beta of 1.17. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $204.20. 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 (NASDAQ:ADI) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.02. The firm had revenue of $2.51 billion for 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 revenue was down 22.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.75 earnings per share. On average, sell-side analysts expect 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. Stockholders of record on Tuesday, March 5th were issued a $0.92 dividend. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio is presently 65.83%.

Insider Transactions at Analog Devices

In other news, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,134,982.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Vivek Jain sold 3,479 shares of the business’s 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 sale, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. In the last three months, insiders sold 24,707 shares of company stock worth $4,825,113. 0.31% of the stock is currently owned by corporate insiders.

About Analog Devices

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.