Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Haverford Trust Co

Haverford Trust Co decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 30.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,385 shares of the semiconductor company’s stock after selling 1,059 shares during the quarter. Haverford Trust Co’s holdings in Analog Devices were worth $507,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. ICW Investment Advisors LLC lifted its holdings in Analog Devices by 11.0% in the 4th quarter. ICW Investment Advisors LLC now owns 2,055 shares of the semiconductor company’s stock valued at $437,000 after acquiring an additional 203 shares during the last quarter. Twin City Private Wealth LLC lifted its stake in Analog Devices by 2.8% during the fourth quarter. Twin City Private Wealth LLC now owns 3,912 shares of the semiconductor company’s stock valued at $831,000 after purchasing an additional 107 shares during the last quarter. Dillon & Associates Inc. boosted its holdings in Analog Devices by 10.5% during the fourth quarter. Dillon & Associates Inc. now owns 5,840 shares of the semiconductor company’s stock worth $1,238,000 after buying an additional 555 shares in the last quarter. Vanguard Group Inc. grew its position in Analog Devices by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 49,105,529 shares of the semiconductor company’s stock worth $10,432,961,000 after buying an additional 413,084 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Analog Devices by 11.5% in the fourth quarter. LPL Financial LLC now owns 475,656 shares of the semiconductor company’s stock valued at $101,058,000 after buying an additional 48,983 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total value of $2,154,900.00. Following the transaction, the chief executive officer now directly owns 21,983 shares in the company, valued at $4,737,116.67. The trade was a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard C. Puccio, Jr. sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $209.19, for a total transaction of $836,760.00. Following the sale, the chief financial officer now directly owns 49,916 shares in the company, valued at $10,441,928.04. This represents a 7.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock valued at $5,082,860 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

ADI has been the subject of several research reports. TD Cowen reduced their price objective on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. UBS Group increased their price target on Analog Devices from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Williams Trading set a $245.00 price objective on Analog Devices in a report on Friday, February 14th. Oppenheimer reiterated an “outperform” rating and issued a $270.00 target price (up from $245.00) on shares of Analog Devices in a report on Thursday, February 20th. Finally, Truist Financial boosted their price target 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. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average target price of $255.41.

Analog Devices Trading Up 0.6 %

Analog Devices stock opened at $213.58 on Wednesday. The business has a 50 day moving average price of $217.13 and a two-hundred day moving average price of $219.78. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12 month low of $182.57 and a 12 month high of $247.10. The stock has a market cap of $105.93 billion, a price-to-earnings ratio of 68.02, a price-to-earnings-growth ratio of 2.85 and a beta of 1.07.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, beating 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 business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the company posted $1.73 earnings per share. Analog Devices’s revenue was down 3.6% on a year-over-year basis. As a group, equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices announced that its board has approved a share buyback program on Tuesday, February 18th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were paid a $0.99 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.85%. This is a boost from Analog Devices’s previous quarterly dividend of $0.92. Analog Devices’s payout ratio is presently 126.11%.

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.