Spire Wealth Management Buys 4,126 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Spire Wealth Management raised its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,576 shares of the semiconductor company's stock after acquiring an additional 4,126 shares during the quarter. Spire Wealth Management's holdings in Analog Devices were worth $5,566,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Concord Wealth Partners increased its stake in Analog Devices by 960.3% in the third quarter. Concord Wealth Partners now owns 1,389 shares of the semiconductor company's stock valued at $243,000 after purchasing an additional 1,258 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in Analog Devices by 8.8% in the third quarter. Verdence Capital Advisors LLC now owns 5,639 shares of the semiconductor company's stock valued at $987,000 after purchasing an additional 455 shares during the last quarter. Invesco LLC increased its stake in Analog Devices by 14.1% in the third quarter. Invesco LLC now owns 1,306 shares of the semiconductor company's stock valued at $229,000 after purchasing an additional 161 shares during the last quarter. Brighton Jones LLC increased its stake in Analog Devices by 9.2% in the third quarter. Brighton Jones LLC now owns 2,385 shares of the semiconductor company's stock valued at $418,000 after purchasing an additional 200 shares during the last quarter. Finally, Baystate Wealth Management LLC increased its stake in Analog Devices by 76.8% in the third quarter. Baystate Wealth Management LLC now owns 5,652 shares of the semiconductor company's stock valued at $990,000 after purchasing an additional 2,455 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Up 1.8 %

ADI traded up $3.69 on Monday, reaching $203.32. The company's stock had a trading volume of 2,168,768 shares, compared to its average volume of 3,341,417. The stock has a market cap of $100.83 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 5.01 and a beta of 1.14. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $204.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98. The business's 50 day moving average is $194.56 and its 200 day moving average is $188.62.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. Analog Devices's revenue for the quarter was down 22.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.75 earnings per share. As a group, research analysts forecast that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.92 per share. The ex-dividend date was Monday, March 4th. This represents a $3.68 annualized dividend and a yield of 1.81%. This is a boost from Analog Devices's previous quarterly dividend of $0.86. Analog Devices's dividend payout ratio is presently 65.83%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Morgan Stanley reiterated an "overweight" rating and issued a $212.00 target price on shares of Analog Devices in a research note on Thursday, April 11th. Oppenheimer reissued an "outperform" rating and set a $215.00 price target on shares of Analog Devices in a research report on Thursday, February 22nd. The Goldman Sachs Group boosted their price target on Analog Devices from $191.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Wolfe Research raised Analog Devices from a "peer perform" rating to an "outperform" rating and set a $225.00 price target for the company in a research report on Thursday, January 18th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $205.00 price target on shares of Analog Devices in a research report on Monday, March 4th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $208.17.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director James Champy sold 1,228 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the sale, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $10,075,098.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Champy sold 1,228 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the sale, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The disclosure for this sale can be found here. Insiders have sold 24,707 shares of company stock worth $4,874,613 over the last quarter. 0.31% of the stock is 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.