Financial Advisors LLC Has $249,000 Stake in Analog Devices, Inc. (NASDAQ:ADI)

Financial Advisors LLC reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 76.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,254 shares of the semiconductor company's stock after selling 4,000 shares during the period. Financial Advisors LLC's holdings in Analog Devices were worth $249,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ADI. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Analog Devices by 37.2% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,635 shares of the semiconductor company's stock worth $461,000 after buying an additional 715 shares in the last quarter. Ropes Wealth Advisors LLC boosted its position in shares of Analog Devices by 16.1% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 2,480 shares of the semiconductor company's stock worth $434,000 after buying an additional 343 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Analog Devices by 3.1% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 2,083 shares of the semiconductor company's stock worth $365,000 after buying an additional 62 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Analog Devices by 27.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 4,124 shares of the semiconductor company's stock worth $722,000 after buying an additional 890 shares in the last quarter. Finally, Golden State Equity Partners boosted its position in shares of Analog Devices by 10.5% in the 3rd quarter. Golden State Equity Partners now owns 1,971 shares of the semiconductor company's stock worth $345,000 after buying an additional 188 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ADI shares. Cantor Fitzgerald reiterated a "neutral" rating and issued a $205.00 price objective on shares of Analog Devices in a research report on Monday, March 4th. The Goldman Sachs Group upped their target price on shares of Analog Devices from $191.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. Barclays upped their target price on shares of Analog Devices from $180.00 to $185.00 and gave the company an "equal weight" rating in a report on Tuesday, January 16th. Wolfe Research upgraded shares of Analog Devices from a "peer perform" rating to an "outperform" rating and set a $225.00 target price on the stock in a report on Thursday, January 18th. Finally, Truist Financial reduced their target price on shares of Analog Devices from $226.00 to $222.00 and set a "buy" rating on the stock in a report on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $208.17.

Analog Devices Trading Up 2.0 %

Shares of NASDAQ ADI traded up $4.03 on Friday, reaching $201.97. 3,136,261 shares of the company traded hands, compared to its average volume of 3,090,032. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $204.20. The company has a 50 day moving average of $193.45 and a 200 day moving average of $187.44. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $100.16 billion, a PE ratio of 36.13, a P/E/G ratio of 5.07 and a beta of 1.17.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.02. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company's quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.75 EPS. On average, equities research analysts forecast that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Monday, March 4th. This is an increase from Analog Devices's previous quarterly dividend of $0.86. Analog Devices's dividend payout ratio is 65.83%.

Insider Buying and Selling

In related news, EVP Vivek Jain sold 3,479 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the sale, the executive vice president now owns 5,745 shares of the company's stock, valued at approximately $1,134,982.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $197.40, for a total value of $1,974,000.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares of the company's stock, valued at $10,075,098.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vivek Jain sold 3,479 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the sale, the executive vice president now directly owns 5,745 shares of the company's stock, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,707 shares of company stock valued at $4,825,113. 0.31% of the stock is currently owned by corporate 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.