Cyndeo Wealth Partners LLC Has $6.82 Million Position in Analog Devices, Inc. (NASDAQ:ADI)

Cyndeo Wealth Partners LLC cut its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 19.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,839 shares of the semiconductor company's stock after selling 8,040 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Analog Devices were worth $6,824,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Broderick Brian C grew its position in shares of Analog Devices by 2.6% during the fourth quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock worth $16,831,000 after buying an additional 2,017 shares in the last quarter. Freestone Grove Partners LP acquired a new position in shares of Analog Devices in the 4th quarter worth approximately $10,212,000. Dynamic Advisor Solutions LLC increased its stake in Analog Devices by 4.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 6,072 shares of the semiconductor company's stock valued at $1,224,000 after purchasing an additional 251 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Analog Devices by 2.0% in the 4th quarter. CIBC Asset Management Inc now owns 183,227 shares of the semiconductor company's stock worth $38,928,000 after buying an additional 3,529 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Analog Devices in the 4th quarter worth about $906,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on 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 directly owns 180,071 shares of the company's stock, valued at $35,265,104.64. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on 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 directly owns 142,996 shares of the company's stock, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,934 shares of company stock worth $5,807,196 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Price Performance

Shares of NASDAQ ADI traded up $2.21 during mid-day trading on Thursday, reaching $229.65. The company had a trading volume of 2,551,500 shares, compared to its average volume of 3,577,689. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. The stock has a market cap of $113.96 billion, a PE ratio of 62.58, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a 50-day moving average price of $207.54 and a two-hundred day moving average price of $211.05.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business posted $1.40 EPS. The company's revenue was up 22.3% on a year-over-year basis. On average, equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is 107.90%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ADI. Seaport Res Ptn upgraded shares of Analog Devices to a "strong sell" rating in a research note on Wednesday, April 30th. UBS Group lowered their target price on Analog Devices from $295.00 to $285.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Morgan Stanley cut their price target on Analog Devices from $214.00 to $212.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. KGI Securities started coverage on Analog Devices in a research report on Friday, May 23rd. They set a "buy" rating for the company. Finally, Benchmark reaffirmed a "buy" rating and issued a $260.00 target price (down from $275.00) on shares of Analog Devices in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $251.75.

About Analog Devices

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.