Ellenbecker Investment Group Reduces Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Ellenbecker Investment Group reduced its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 28.0% during the 4th quarter, Holdings Channel reports. The fund owned 1,116 shares of the semiconductor company’s stock after selling 434 shares during the period. Ellenbecker Investment Group’s holdings in Analog Devices were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ADI. Pinnacle Bancorp Inc. boosted its holdings in Analog Devices by 101.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after buying an additional 65 shares in the last quarter. Cetera Trust Company N.A purchased a new stake in Analog Devices during the fourth quarter worth $29,000. Northwest Capital Management Inc boosted its holdings in Analog Devices by 519.2% during the fourth quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock worth $32,000 after buying an additional 135 shares in the last quarter. Silver Oak Securities Incorporated purchased a new stake in Analog Devices during the third quarter worth $29,000. Finally, CGC Financial Services LLC acquired a new position in Analog Devices during the fourth quarter worth $37,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the sale, the executive vice president now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00. Following the sale, the chief executive officer now directly owns 5,713 shares in the company, valued at approximately $1,097,524.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Vivek Jain sold 3,479 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the sale, the executive vice president now owns 5,745 shares in the company, valued at $1,134,982.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,707 shares of company stock valued at $4,825,113. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ADI has been the subject of a number of research analyst reports. Cantor Fitzgerald restated a “neutral” rating and set a $205.00 price objective on shares of Analog Devices in a research report on Monday, March 4th. Evercore ISI initiated coverage on shares of Analog Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price objective for the company. Sanford C. Bernstein cut shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective for the company. in a research report on Thursday, January 4th. Wolfe Research upgraded shares of Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price objective for the company in a research report on Thursday, January 18th. Finally, Truist Financial reduced their price objective on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $208.17.

Analog Devices Trading Up 1.9 %

ADI stock traded up $3.62 during mid-day trading on Tuesday, hitting $189.93. 4,100,483 shares of the company were exchanged, compared to its average volume of 3,357,423. The business has a fifty day simple moving average of $192.66 and a 200-day simple moving average of $186.82. 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, Inc. has a 12-month low of $154.99 and a 12-month high of $204.20. The firm has a market capitalization of $94.19 billion, a P/E ratio of 33.33, a PEG ratio of 4.60 and a beta of 1.17.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, beating 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 business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm posted $2.75 earnings per share. The business’s revenue for the quarter was down 22.7% compared to the same quarter last year. On average, equities research analysts predict that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a $0.92 dividend. This is a positive change 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 1.94%. Analog Devices’s dividend payout ratio (DPR) is presently 65.83%.

Analog Devices 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.