Stonebrook Private Inc. boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,789 shares of the semiconductor company's stock after purchasing an additional 2,487 shares during the quarter. Stonebrook Private Inc.'s holdings in Analog Devices were worth $2,080,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Hopwood Financial Services Inc. bought a new position in Analog Devices in the 4th quarter worth about $30,000. Mainstream Capital Management LLC purchased a new stake in Analog Devices during the fourth quarter valued at approximately $30,000. Cassady Schiller Wealth Management LLC increased its position in Analog Devices by 63.2% during the 4th 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. Financial Life Planners acquired a new stake in Analog Devices in the 4th quarter worth approximately $33,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth $41,000. Institutional investors own 86.81% of the company's stock.
Insider Buying and Selling
In other news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total value of $2,091,200.00. Following the transaction, the chief executive officer now owns 64,918 shares of the company's stock, valued at approximately $13,575,652.16. This trade represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the sale, the director now owns 180,071 shares of the company's stock, valued at approximately $35,265,104.64. This trade represents a 1.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,934 shares of company stock worth $8,735,156. 0.33% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Oppenheimer upped their target price on Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Benchmark decreased their target price on Analog Devices from $275.00 to $260.00 and set a "buy" rating on the stock in a research report on Friday. Maxim Group initiated coverage on Analog Devices in a research note on Friday, February 14th. They set a "buy" rating for the company. JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Finally, Barclays boosted their price target on shares of Analog Devices from $170.00 to $185.00 and gave the company an "equal weight" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $252.86.
Check Out Our Latest Stock Report on ADI
Analog Devices Stock Performance
Shares of Analog Devices stock traded down $2.39 during trading on Friday, reaching $209.54. The company's stock had a trading volume of 2,026,715 shares, compared to its average volume of 3,518,609. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. The firm has a market cap of $103.92 billion, a PE ratio of 66.68, a P/E/G ratio of 2.85 and a beta of 0.98. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The company has a 50-day moving average price of $197.63 and a two-hundred day moving average price of $210.41.
Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. The business 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 in the prior year, the business posted $1.40 EPS. On average, analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.
Analog Devices announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
Analog Devices Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.89%. Analog Devices's dividend payout ratio (DPR) is 126.11%.
Analog Devices Company Profile
(
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.
See Also
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 ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
