RFG Bristol Wealth Advisors LLC Invests $212,000 in Analog Devices, Inc. (NASDAQ:ADI)

RFG Bristol Wealth Advisors LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the fourth quarter, HoldingsChannel reports. The firm purchased 997 shares of the semiconductor company’s stock, valued at approximately $212,000.

Several other institutional investors have also recently bought and sold shares of the stock. Potomac Fund Management Inc. ADV bought a new stake in Analog Devices during the 4th quarter worth about $1,063,000. Centric Wealth Management raised its stake in shares of Analog Devices by 1.4% during the fourth quarter. Centric Wealth Management now owns 13,717 shares of the semiconductor company’s stock worth $2,914,000 after buying an additional 187 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Analog Devices by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 10,612,183 shares of the semiconductor company’s stock valued at $2,248,971,000 after buying an additional 247,737 shares during the period. Nemes Rush Group LLC boosted its stake in Analog Devices by 485.0% in the fourth quarter. Nemes Rush Group LLC now owns 1,129 shares of the semiconductor company’s stock valued at $240,000 after acquiring an additional 936 shares during the last quarter. Finally, StoneX Group Inc. grew its holdings in Analog Devices by 21.8% during the 4th quarter. StoneX Group Inc. now owns 12,991 shares of the semiconductor company’s stock worth $2,760,000 after acquiring an additional 2,329 shares during the period. Institutional investors own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated 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 completion of the sale, the chief executive officer now 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard C. Puccio, Jr. sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total transaction of $836,760.00. Following the completion of the transaction, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $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. In the last three months, insiders sold 26,684 shares of company stock worth $5,591,600. 0.33% of the stock is owned by company insiders.

Analog Devices Stock Up 0.2 %

NASDAQ:ADI opened at $199.59 on Thursday. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $247.10. The firm has a market capitalization of $98.99 billion, a price-to-earnings ratio of 63.56, a price-to-earnings-growth ratio of 2.85 and a beta of 1.07. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $215.22 and its two-hundred day moving average price is $219.03.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share 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 business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the company earned $1.73 earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 9.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $0.99 dividend. 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 yield of 1.98%. Analog Devices’s dividend payout ratio is currently 126.11%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ADI shares. Oppenheimer reissued an “outperform” rating and issued a $270.00 price target (up previously from $245.00) on shares of Analog Devices in a research note on Thursday, February 20th. UBS Group increased their target price on Analog Devices from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research note on Thursday, February 20th. Maxim Group began coverage on shares of Analog Devices in a research note on Friday, February 14th. They set a “buy” rating on the stock. Finally, Truist Financial upped their target price on shares of Analog Devices from $230.00 to $248.00 and gave the company a “hold” rating in a research note on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $255.41.

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.