Gladstone Institutional Advisory LLC Grows Position in Analog Devices, Inc. (NASDAQ:ADI)

Gladstone Institutional Advisory LLC raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,845 shares of the semiconductor company’s stock after purchasing an additional 145 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Analog Devices were worth $1,879,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Community Financial Services Group LLC lifted its stake in shares of Analog Devices by 11.1% during the 4th quarter. Community Financial Services Group LLC now owns 8,452 shares of the semiconductor company’s stock worth $1,796,000 after purchasing an additional 847 shares during the last quarter. Sage Private Wealth Group LLC raised its holdings in Analog Devices by 10.3% in the fourth quarter. Sage Private Wealth Group LLC now owns 1,591 shares of the semiconductor company’s stock worth $338,000 after purchasing an additional 148 shares in the last quarter. L. Roy Papp & Associates LLP lifted its position in shares of Analog Devices by 1.3% during the fourth quarter. L. Roy Papp & Associates LLP now owns 36,805 shares of the semiconductor company’s stock valued at $7,820,000 after buying an additional 480 shares during the last quarter. Portfolio Design Labs LLC boosted its holdings in shares of Analog Devices by 33.9% in the 4th quarter. Portfolio Design Labs LLC now owns 11,118 shares of the semiconductor company’s stock valued at $2,362,000 after buying an additional 2,817 shares in the last quarter. Finally, Sovran Advisors LLC purchased a new position in shares of Analog Devices in the 4th quarter worth approximately $261,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 0.8 %

ADI stock opened at $205.13 on Thursday. The company has a market capitalization of $101.77 billion, a P/E ratio of 62.35, a price-to-earnings-growth ratio of 2.38 and a beta of 1.04. Analog Devices, Inc. has a 12 month low of $182.57 and a 12 month high of $244.14. The firm’s fifty day simple moving average is $214.48 and its 200-day simple moving average is $219.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35.

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

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s dividend payout ratio (DPR) is 111.85%.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $215.83, for a total transaction of $2,158,300.00. Following the sale, the chief executive officer now owns 21,983 shares in the company, valued at approximately $4,744,590.89. This trade represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ADI shares. Barclays decreased their target price 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. Morgan Stanley decreased their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Piper Sandler dropped their target price on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company started coverage on Analog Devices in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target for the company. Finally, Truist Financial raised their price target on Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.70.

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.