Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Account Management LLC

Account Management LLC reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,429 shares of the semiconductor company’s stock after selling 50 shares during the quarter. Analog Devices comprises approximately 0.9% of Account Management LLC’s portfolio, making the stock its 16th largest holding. Account Management LLC’s holdings in Analog Devices were worth $729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. United Bank raised its holdings in shares of Analog Devices by 4.7% in the third quarter. United Bank now owns 6,056 shares of the semiconductor company’s stock valued at $1,394,000 after buying an additional 273 shares during the last quarter. Quest Partners LLC purchased a new stake in Analog Devices during the 3rd quarter valued at approximately $210,000. Great Valley Advisor Group Inc. lifted its position in Analog Devices by 39.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,018 shares of the semiconductor company’s stock worth $465,000 after acquiring an additional 570 shares during the period. Larson Financial Group LLC grew its stake in shares of Analog Devices by 103.6% in the 3rd quarter. Larson Financial Group LLC now owns 448 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 228 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Analog Devices by 20.2% in the third quarter. Fisher Asset Management LLC now owns 2,831 shares of the semiconductor company’s stock valued at $652,000 after purchasing an additional 476 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

ADI has been the topic of a number of analyst reports. Piper Sandler lowered their price objective on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $270.00 target price (up previously from $245.00) on shares of Analog Devices in a report on Thursday, February 20th. Maxim Group began coverage on shares of Analog Devices in a research report on Friday, February 14th. They issued a “buy” rating for the company. Williams Trading set a $245.00 target price on Analog Devices in a research report on Friday, February 14th. Finally, Morgan Stanley upped their price objective on Analog Devices from $248.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $255.41.

Analog Devices Stock Performance

Shares of ADI stock opened at $213.58 on Wednesday. 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 firm has a market capitalization 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, Inc. has a one year low of $182.57 and a one year high of $247.10. The company has a 50 day moving average price of $217.13 and a 200 day moving average price of $219.78.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.09. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.73 earnings per share. Sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

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 issued a dividend of $0.99 per share. This is a positive change from Analog Devices’s previous quarterly dividend of $0.92. The ex-dividend date was Tuesday, March 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.85%. Analog Devices’s payout ratio is presently 126.11%.

Analog Devices announced that its board has initiated a stock repurchase 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 a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total transaction of $836,760.00. Following the transaction, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at approximately $10,441,928.04. The trade was a 7.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the sale, the chief executive officer now directly owns 64,918 shares of the company’s stock, valued at approximately $13,575,652.16. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,000 shares of company stock valued at $5,082,860. Company insiders own 0.33% of the company’s stock.

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.