Baldwin Wealth Partners LLC MA Has $16.89 Million Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Baldwin Wealth Partners LLC MA cut its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 83,729 shares of the semiconductor company's stock after selling 1,724 shares during the period. Analog Devices comprises approximately 1.2% of Baldwin Wealth Partners LLC MA's holdings, making the stock its 27th biggest position. Baldwin Wealth Partners LLC MA's holdings in Analog Devices were worth $16,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fenimore Asset Management Inc boosted its stake in Analog Devices by 0.7% during the 1st quarter. Fenimore Asset Management Inc now owns 479,034 shares of the semiconductor company's stock valued at $96,607,000 after purchasing an additional 3,555 shares during the period. Courier Capital LLC raised its position in shares of Analog Devices by 6.7% during the 1st quarter. Courier Capital LLC now owns 1,071 shares of the semiconductor company's stock worth $216,000 after buying an additional 67 shares in the last quarter. Wesbanco Bank Inc. raised its position in shares of Analog Devices by 6.2% during the 1st quarter. Wesbanco Bank Inc. now owns 8,286 shares of the semiconductor company's stock worth $1,671,000 after buying an additional 484 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of Analog Devices by 8.9% during the 1st quarter. Capital Investment Advisors LLC now owns 1,111 shares of the semiconductor company's stock worth $224,000 after buying an additional 91 shares in the last quarter. Finally, RDA Financial Network raised its position in shares of Analog Devices by 9.2% during the 1st quarter. RDA Financial Network now owns 8,266 shares of the semiconductor company's stock worth $1,667,000 after buying an additional 698 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. KGI Securities assumed coverage on shares of Analog Devices in a research report on Friday, May 23rd. They set a "buy" rating on the stock. UBS Group dropped their price target on shares of Analog Devices from $295.00 to $285.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Maxim Group assumed coverage on shares of Analog Devices in a research report on Friday, February 14th. They set a "buy" rating on the stock. Truist Financial boosted their price target on shares of Analog Devices from $230.00 to $248.00 and gave the stock a "hold" rating in a research report on Thursday, February 20th. Finally, Morgan Stanley dropped their price target on shares of Analog Devices from $214.00 to $212.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and a consensus target price of $248.63.

Analog Devices Stock Down 0.3%

ADI traded down $0.80 on Wednesday, reaching $232.54. 3,311,110 shares of the company traded hands, compared to its average volume of 3,570,475. The stock's 50 day moving average price is $202.55 and its 200-day moving average price is $210.69. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The company has a market cap of $115.40 billion, a price-to-earnings ratio of 74.06, a PEG ratio of 2.85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.50 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. Analog Devices's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 earnings per share. On average, sell-side analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is presently 107.90%.

Analog Devices announced that its board has authorized a stock buyback program on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Analog Devices

In other news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total value of $836,760.00. Following the sale, the chief financial officer now owns 49,916 shares of the company's stock, valued at approximately $10,441,928.04. This represents a 7.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the sale, the director now directly owns 186,321 shares in the company, valued at approximately $33,576,907.41. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,934 shares of company stock valued at $6,643,956 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

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.