Simplicity Wealth LLC purchased a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,275 shares of the semiconductor company's stock, valued at approximately $257,000.
A number of other large investors have also modified their holdings of the stock. Orion Capital Management LLC acquired a new position in Analog Devices during the 4th quarter worth approximately $27,000. Menard Financial Group LLC purchased a new stake in shares of Analog Devices during the 4th quarter worth $27,000. Mainstream Capital Management LLC acquired a new position in shares of Analog Devices during the fourth quarter worth $30,000. Hopwood Financial Services Inc. purchased a new position in Analog Devices in the fourth quarter valued at $30,000. Finally, Cassady Schiller Wealth Management LLC raised its stake in Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.
Insider Activity at Analog Devices
In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total value of $563,156.25. Following the completion of the transaction, the director now owns 186,321 shares in the company, valued at approximately $33,576,907.41. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Vivek Jain sold 12,684 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the sale, the executive vice president now owns 43,175 shares in the company, valued at $9,066,750. The trade was a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,934 shares of company stock worth $6,643,956 over the last 90 days. Company insiders own 0.33% of the company's stock.
Analog Devices Stock Performance
ADI stock traded down $7.09 during trading on Friday, hitting $225.03. The company had a trading volume of 3,349,531 shares, compared to its average volume of 3,568,114. The firm has a market cap of $111.67 billion, a PE ratio of 71.67, a price-to-earnings-growth ratio of 2.85 and a beta of 1.00. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $203.77 and a 200-day moving average price of $210.75. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10.
Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.15. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. On average, analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.
Analog Devices announced that its board has initiated a share buyback plan on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.
Analog Devices Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $3.96 annualized dividend and a yield of 1.76%. Analog Devices's dividend payout ratio is currently 107.90%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ADI. Stifel Nicolaus increased their price objective on Analog Devices from $225.00 to $248.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. TD Cowen upped their price target on Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Truist Financial raised their price objective on shares of Analog Devices from $230.00 to $248.00 and gave the stock a "hold" rating in a report on Thursday, February 20th. Piper Sandler lowered their target price on shares of Analog Devices from $240.00 to $215.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Finally, Cfra Research lowered shares of Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Analog Devices presently has an average rating of "Moderate Buy" and an average price target of $248.63.
Check Out Our Latest Stock Report on Analog Devices
About Analog Devices
(
Free Report)
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.
Featured Stories
Before you consider Analog Devices, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Analog Devices wasn't on the list.
While Analog Devices currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
