Minot DeBlois Advisors LLC Takes $823,000 Position in Analog Devices, Inc. (NASDAQ:ADI)

Minot DeBlois Advisors LLC bought a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,875 shares of the semiconductor company's stock, valued at approximately $823,000.

Several other large investors also recently modified their holdings of the business. Mainstream Capital Management LLC bought a new stake in Analog Devices during the 4th quarter valued at approximately $30,000. Hopwood Financial Services Inc. bought a new stake in Analog Devices during the 4th quarter valued at approximately $30,000. Cassady Schiller Wealth Management LLC boosted 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 acquiring an additional 55 shares in the last quarter. Financial Life Planners bought a new stake in Analog Devices during the 4th quarter valued at approximately $33,000. Finally, Kestra Investment Management LLC bought a new stake in Analog Devices during the 4th quarter valued at approximately $41,000. 86.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the sale, the director now directly owns 180,071 shares in the company, valued at $35,265,104.64. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Vivek Jain sold 12,684 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $210.00, for a total value of $2,663,640.00. Following the sale, the executive vice president now owns 43,175 shares of the company's stock, valued at $9,066,750. This trade represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,934 shares of company stock valued at $8,735,156 in the last quarter. 0.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ADI shares. Seaport Res Ptn upgraded shares of Analog Devices to a "strong sell" rating in a report on Wednesday, April 30th. Truist Financial lifted their target price on shares of Analog Devices from $230.00 to $248.00 and gave the company a "hold" rating in a report on Thursday, February 20th. UBS Group lowered their target price on shares of Analog Devices from $300.00 to $295.00 and set a "buy" rating for the company in a report on Monday. Benchmark lifted their target price on shares of Analog Devices from $245.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Finally, Oppenheimer lifted their target price on shares of Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $249.95.

Analog Devices Price Performance

ADI stock traded down $0.01 during trading on Friday, reaching $227.11. The company's stock had a trading volume of 3,617,772 shares, compared to its average volume of 3,513,185. 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 company's fifty day moving average is $196.22 and its 200-day moving average is $210.61. The company has a market capitalization of $112.64 billion, a P/E ratio of 72.33, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. 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 posted its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.09. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the firm earned $1.73 EPS. The firm's revenue was down 3.6% compared to the same quarter last year. On average, research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 18th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were issued a $0.99 dividend. The ex-dividend date was Tuesday, March 4th. This is a boost from Analog Devices's previous quarterly dividend of $0.92. This represents a $3.96 dividend on an annualized basis and a yield of 1.74%. Analog Devices's payout ratio is currently 126.11%.

Analog Devices Company 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.