Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 24.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,246 shares of the semiconductor company's stock after purchasing an additional 2,974 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Analog Devices were worth $3,075,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADI. L. Roy Papp & Associates LLP grew its stake in shares of Analog Devices by 1.8% during the first quarter. L. Roy Papp & Associates LLP now owns 37,468 shares of the semiconductor company's stock worth $7,556,000 after acquiring an additional 663 shares during the last quarter. HF Advisory Group LLC boosted its stake in Analog Devices by 19.4% in the 1st quarter. HF Advisory Group LLC now owns 5,634 shares of the semiconductor company's stock worth $1,136,000 after purchasing an additional 917 shares in the last quarter. Beacon Financial Group grew its position in Analog Devices by 1.3% during the 1st quarter. Beacon Financial Group now owns 7,802 shares of the semiconductor company's stock worth $1,574,000 after purchasing an additional 100 shares during the last quarter. Iams Wealth Management LLC increased its stake in Analog Devices by 12.0% during the 1st quarter. Iams Wealth Management LLC now owns 6,381 shares of the semiconductor company's stock valued at $1,287,000 after purchasing an additional 683 shares in the last quarter. Finally, Apella Capital LLC acquired a new position in Analog Devices during the 1st quarter valued at approximately $247,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on ADI. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. Morgan Stanley lowered their price target on Analog Devices from $214.00 to $212.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Lake Street Capital assumed coverage on Analog Devices in a research note on Friday, February 14th. They set a "buy" rating on the stock. Truist Financial raised their price objective on Analog Devices from $230.00 to $248.00 and gave the stock a "hold" rating in a research note on Thursday, February 20th. Finally, Cowen reiterated a "buy" rating on shares of Analog Devices in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.63.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the sale, the director now owns 180,071 shares of the company's stock, valued at $35,265,104.64. The trade was a 1.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the completion of the sale, the chief executive officer now owns 142,996 shares of the company's stock, valued at $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,934 shares of company stock valued at $8,735,156 over the last 90 days. Corporate insiders own 0.33% of the company's stock.

Analog Devices Stock Performance

ADI traded up $4.22 on Friday, reaching $222.26. The stock had a trading volume of 3,246,027 shares, compared to its average volume of 3,553,221. The business's 50-day moving average price is $199.12 and its two-hundred day moving average price is $210.24. The company has a market cap of $110.30 billion, a P/E ratio of 70.78, a price-to-earnings-growth ratio of 2.85 and a beta of 1.00. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.10. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. Analog Devices's quarterly revenue was up 22.3% compared to the same quarter last year. Sell-side analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.78%. Analog Devices's dividend payout ratio (DPR) is 107.90%.

Analog Devices announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 18th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

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.