Aaron Wealth Advisors LLC Has $788,000 Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Aaron Wealth Advisors LLC increased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 17.7% in the fourth quarter, HoldingsChannel reports. The firm owned 3,711 shares of the semiconductor company’s stock after purchasing an additional 557 shares during the period. Aaron Wealth Advisors LLC’s holdings in Analog Devices were worth $788,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. IAM Advisory LLC lifted its stake in shares of Analog Devices by 2.1% in the fourth quarter. IAM Advisory LLC now owns 8,604 shares of the semiconductor company’s stock worth $1,828,000 after buying an additional 173 shares during the last quarter. Smith Salley Wealth Management grew its stake in Analog Devices by 1.7% in the 4th quarter. Smith Salley Wealth Management now owns 103,130 shares of the semiconductor company’s stock valued at $21,911,000 after buying an additional 1,689 shares during the last quarter. HB Wealth Management LLC raised its holdings in Analog Devices by 11.4% in the 4th quarter. HB Wealth Management LLC now owns 10,875 shares of the semiconductor company’s stock worth $2,311,000 after acquiring an additional 1,112 shares during the period. Trust Co. of Vermont lifted its position in Analog Devices by 0.5% during the 4th quarter. Trust Co. of Vermont now owns 70,034 shares of the semiconductor company’s stock worth $14,879,000 after acquiring an additional 369 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its holdings in Analog Devices by 5.5% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 2,557 shares of the semiconductor company’s stock valued at $543,000 after acquiring an additional 134 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADI. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Barclays cut their price target on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday. Cantor Fitzgerald restated a “neutral” rating and issued a $250.00 price objective on shares of Analog Devices in a research note on Tuesday, October 8th. Wells Fargo & Company started coverage on shares of Analog Devices in a research note on Friday, November 22nd. They set an “equal weight” rating and a $220.00 target price for the company. Finally, TD Cowen decreased their price target on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and an average target price of $248.70.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’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 completion of the sale, the chief executive officer now owns 21,983 shares in the company, valued at approximately $4,737,116.67. This trade represents a 31.27 % decrease in their position. The transaction 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 dated Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the completion of the transaction, the executive vice president now directly owns 59,093 shares of the company’s stock, valued at approximately $13,229,149.91. This represents a 25.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $11,029,300 in the last three months. 0.31% of the stock is owned by corporate insiders.

Analog Devices Price Performance

Shares of ADI stock opened at $219.16 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35. The stock’s fifty day simple moving average is $215.64 and its 200 day simple moving average is $222.52. Analog Devices, Inc. has a one year low of $182.57 and a one year high of $244.14. The firm has a market cap of $108.77 billion, a price-to-earnings ratio of 66.61, a P/E/G ratio of 2.43 and a beta of 1.05.

Analog Devices (NASDAQ:ADI) last issued its 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 the consensus estimate 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 for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.01 EPS. On average, analysts expect that Analog Devices, Inc. will post 7.09 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Monday, December 9th. Analog Devices’s dividend payout ratio (DPR) is currently 111.85%.

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.