Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Intrust Bank NA

Intrust Bank NA cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,907 shares of the semiconductor company’s stock after selling 101 shares during the period. Intrust Bank NA’s holdings in Analog Devices were worth $379,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pinnacle Bancorp Inc. raised its position 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 valued at $26,000 after buying an additional 65 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Analog Devices in the third quarter valued at about $29,000. Cetera Trust Company N.A acquired a new stake in shares of Analog Devices in the fourth quarter valued at about $29,000. Northwest Capital Management Inc raised its position in shares of Analog Devices by 519.2% in 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 during the last quarter. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of Analog Devices in the fourth quarter valued at about $32,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADI has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Oppenheimer reissued an “outperform” rating and issued a $215.00 price objective on shares of Analog Devices in a report on Thursday, February 22nd. Truist Financial dropped their price objective on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Wolfe Research raised 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 report on Thursday, January 18th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $205.00 price objective on shares of Analog Devices in a report on Monday, March 4th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and an average target price of $208.17.

Insider Activity at Analog Devices

In related news, Director James Champy sold 1,228 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following 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 filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $197.40, for a total value of $1,974,000.00. Following the sale, the chief executive officer now owns 51,039 shares of the company’s stock, valued at $10,075,098.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James Champy sold 1,228 shares of the firm’s stock in a transaction that occurred 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 directly owns 6,371 shares in the company, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. Insiders have sold a total of 14,707 shares of company stock valued at $2,904,013 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Analog Devices Trading Down 3.3 %

NASDAQ ADI opened at $193.89 on Thursday. The firm has a 50 day simple moving average of $193.99 and a 200-day simple moving average of $187.91. 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 one year low of $154.99 and a one year high of $204.20. The firm has a market cap of $96.15 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 5.12 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. Equities research analysts anticipate that Analog Devices, Inc. will post 5.86 EPS 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 1.90%. 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.