OneDigital Investment Advisors LLC Sells 3,801 Shares of Analog Devices, Inc. (NASDAQ:ADI)

OneDigital Investment Advisors LLC decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 34.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,240 shares of the semiconductor company's stock after selling 3,801 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Analog Devices were worth $1,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADI. Mainstream Capital Management LLC bought a new position in Analog Devices in the 4th quarter valued at $30,000. Hopwood Financial Services Inc. acquired a new stake in Analog Devices in the fourth quarter worth about $30,000. Cassady Schiller Wealth Management LLC raised its holdings 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 worth $30,000 after purchasing an additional 55 shares during the last quarter. Financial Life Planners acquired a new position in Analog Devices during the 4th quarter valued at about $33,000. Finally, Kestra Investment Management LLC bought a new position in shares of Analog Devices in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Performance

ADI traded down $1.24 during trading hours on Wednesday, reaching $191.43. The company's stock had a trading volume of 545,212 shares, compared to its average volume of 3,454,701. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. The company's 50-day moving average is $201.27 and its 200-day moving average is $212.19. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10. The firm has a market cap of $94.94 billion, a PE ratio of 60.88, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.09. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter last year, the company posted $1.73 EPS. Analog Devices's quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices declared that its board has approved a share repurchase program on Tuesday, February 18th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.99 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's dividend payout ratio (DPR) is 126.11%.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total value of $2,091,200.00. Following the completion of the transaction, the chief executive officer now directly owns 64,918 shares in the company, valued at approximately $13,575,652.16. The trade was a 13.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vivek Jain sold 12,684 shares of Analog Devices stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the completion of the transaction, the executive vice president now directly owns 43,175 shares in the company, 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. In the last ninety days, insiders sold 29,809 shares of company stock valued at $6,154,756. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

ADI has been the topic of several analyst reports. Truist Financial increased their price objective 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. Lake Street Capital began coverage on Analog Devices in a research report on Friday, February 14th. They issued a "buy" rating on the stock. Stifel Nicolaus cut their target price on Analog Devices from $275.00 to $225.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Williams Trading set a $245.00 price target on Analog Devices in a research note on Friday, February 14th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $270.00 target price (up from $245.00) on shares of Analog Devices in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Analog Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.43.

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.