Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC cut its stake in Analog Devices, Inc. (NASDAQ:ADI) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,553 shares of the semiconductor company’s stock after selling 368 shares during the period. Kestra Private Wealth Services LLC’s holdings in Analog Devices were worth $8,648,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ADI. Pinnacle Bancorp Inc. grew its stake in shares of Analog Devices by 101.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 65 shares in the last quarter. Cetera Trust Company N.A bought a new position in shares of Analog Devices in the fourth quarter worth $29,000. Stuart Chaussee & Associates Inc. bought a new position in Analog Devices during the fourth quarter valued at about $32,000. Northwest Capital Management Inc boosted its stake in Analog Devices by 519.2% during the fourth quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 135 shares in the last quarter. Finally, Silver Oak Securities Incorporated bought a new position in Analog Devices during the third quarter valued at about $29,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 5,713 shares in the company, valued at $1,097,524.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director James Champy sold 1,228 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares of the company’s stock, valued at $1,259,164.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The disclosure for this sale can be found here. Insiders have sold 24,707 shares of company stock worth $4,825,113 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Barclays increased their price target on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Truist Financial lowered their price target on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Sanford C. Bernstein cut shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target on the stock. in a report on Thursday, January 4th. Cantor Fitzgerald restated a “neutral” rating and set a $205.00 price target on shares of Analog Devices in a report on Monday, March 4th. Finally, Evercore ISI assumed coverage on shares of Analog Devices in a report on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $208.17.

Analog Devices Price Performance

NASDAQ ADI traded down $1.48 on Tuesday, reaching $202.42. The company’s stock had a trading volume of 489,059 shares, compared to its average volume of 3,345,250. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The firm has a market cap of $100.38 billion, a PE ratio of 36.48, a price-to-earnings-growth ratio of 5.07 and a beta of 1.17. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $204.20. The business has a 50-day moving average price of $193.76 and a 200 day moving average price of $187.66.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share 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 prior year, the firm earned $2.75 earnings per share. The company’s quarterly revenue was down 22.7% compared to the same quarter last year. Sell-side analysts expect that Analog Devices, Inc. will post 5.86 EPS for the current year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a dividend of $0.92 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio is 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.