Websterrogers Financial Advisors LLC Makes New Investment in Analog Devices, Inc. (NASDAQ:ADI)

Websterrogers Financial Advisors LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,069 shares of the semiconductor company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. boosted its position in Analog Devices by 55.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,272 shares of the semiconductor company’s stock worth $2,607,000 after purchasing an additional 4,372 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Analog Devices by 4.5% in the 4th quarter. Park Avenue Securities LLC now owns 13,149 shares of the semiconductor company’s stock valued at $2,794,000 after purchasing an additional 563 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Analog Devices by 432.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 136,570 shares of the semiconductor company’s stock worth $29,016,000 after buying an additional 110,904 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in Analog Devices by 28.1% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 9,317 shares of the semiconductor company’s stock valued at $1,979,000 after buying an additional 2,043 shares during the period. Finally, Pines Wealth Management LLC purchased a new position in Analog Devices in the fourth quarter valued at $281,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $223.87, for a total value of $2,238,700.00. Following the transaction, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,921,334.21. This represents a 31.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory M. Bryant sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $223.87, for a total value of $4,477,400.00. Following the completion of the sale, the executive vice president now directly owns 59,093 shares in the company, valued at approximately $13,229,149.91. The trade was a 25.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock worth $11,029,300. Insiders own 0.31% of the company’s stock.

Analog Devices Stock Up 1.7 %

Shares of ADI opened at $218.22 on Thursday. Analog Devices, Inc. has a 52-week low of $182.57 and a 52-week high of $244.14. 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 stock has a fifty day simple moving average of $216.19 and a two-hundred day simple moving average of $222.69. The company has a market capitalization of $108.30 billion, a PE ratio of 66.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. Analog Devices’s revenue was down 10.1% compared to the same quarter last year. During the same period last year, the business earned $2.01 earnings per share. As a group, equities analysts forecast that Analog Devices, Inc. will post 7.15 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s dividend payout ratio is presently 111.85%.

Analysts Set New Price Targets

ADI has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on Analog Devices in a research report on Friday, November 22nd. They set an “equal weight” rating and a $220.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Truist Financial increased their target price on Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Cantor Fitzgerald reissued a “neutral” rating and issued a $250.00 price target on shares of Analog Devices in a report on Tuesday, October 8th. Finally, Morgan Stanley decreased their price objective on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $249.48.

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.