Sage Private Wealth Group LLC Raises Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Sage Private Wealth Group LLC increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,591 shares of the semiconductor company’s stock after purchasing an additional 148 shares during the period. Sage Private Wealth Group LLC’s holdings in Analog Devices were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ADI. L. Roy Papp & Associates LLP boosted its holdings in Analog Devices by 1.3% in the 4th quarter. L. Roy Papp & Associates LLP now owns 36,805 shares of the semiconductor company’s stock worth $7,820,000 after acquiring an additional 480 shares during the period. Portfolio Design Labs LLC lifted its position in shares of Analog Devices by 33.9% during the fourth quarter. Portfolio Design Labs LLC now owns 11,118 shares of the semiconductor company’s stock worth $2,362,000 after purchasing an additional 2,817 shares in the last quarter. Sovran Advisors LLC purchased a new position in shares of Analog Devices in the fourth quarter valued at $261,000. Peterson Wealth Services grew its holdings in Analog Devices by 4.0% during the 4th quarter. Peterson Wealth Services now owns 8,135 shares of the semiconductor company’s stock valued at $1,728,000 after purchasing an additional 313 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Analog Devices during the 4th quarter worth $4,670,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

ADI opened at $203.46 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $214.84 and its 200 day moving average price is $220.14. Analog Devices, Inc. has a fifty-two week low of $182.57 and a fifty-two week high of $244.14. The firm has a market cap of $100.94 billion, a price-to-earnings ratio of 61.84, a price-to-earnings-growth ratio of 2.38 and a beta of 1.04.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The business’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.01 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Monday, December 9th. Analog Devices’s payout ratio is 111.85%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Wells Fargo & Company assumed coverage on Analog Devices in a report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target for the company. Morgan Stanley dropped their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. TD Cowen cut their target price on Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Finally, Barclays decreased their price target on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $248.70.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $215.83, for a total value of $2,158,300.00. Following the completion of the transaction, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at $4,744,590.89. This represents a 31.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.33% of the company’s stock.

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.