Linden Thomas Advisory Services LLC Buys 281 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Linden Thomas Advisory Services LLC grew its stake in Analog Devices, Inc. (NASDAQ:ADI) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,595 shares of the semiconductor company’s stock after acquiring an additional 281 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Analog Devices were worth $2,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in shares of Analog Devices by 9.8% during the second quarter. Thrivent Financial for Lutherans now owns 24,754 shares of the semiconductor company’s stock worth $5,651,000 after buying an additional 2,216 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of Analog Devices by 68.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 19,012 shares of the semiconductor company’s stock worth $4,340,000 after purchasing an additional 7,710 shares during the last quarter. AXA S.A. grew its stake in shares of Analog Devices by 32.7% during the second quarter. AXA S.A. now owns 75,807 shares of the semiconductor company’s stock worth $17,304,000 after purchasing an additional 18,686 shares during the period. APG Asset Management N.V. increased its holdings in Analog Devices by 1.5% in the second quarter. APG Asset Management N.V. now owns 345,677 shares of the semiconductor company’s stock valued at $73,622,000 after purchasing an additional 4,989 shares during the last quarter. Finally, MBB Public Markets I LLC acquired a new position in Analog Devices in the second quarter valued at about $8,247,000. 86.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen lowered their price target on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Truist Financial upped their target price on shares of Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Barclays cut their price objective on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Morgan Stanley dropped their target price 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. Finally, Wells Fargo & Company started coverage on shares of Analog Devices in a report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target for the company. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $248.70.

Insider Buying and Selling

In other Analog Devices news, EVP Gregory M. Bryant sold 20,000 shares of the firm’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 transaction 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 $13,229,149.91. This trade represents a 25.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 that occurred on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the sale, the chief executive officer now owns 21,983 shares of the company’s stock, valued at $4,737,116.67. This trade represents a 31.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,000 shares of company stock worth $11,029,300. Company insiders own 0.31% of the company’s stock.

Analog Devices Stock Down 4.8 %

NASDAQ:ADI opened at $217.37 on Friday. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $244.14. The firm has a market capitalization of $107.85 billion, a price-to-earnings ratio of 66.07, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. 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’s 50 day moving average price is $216.42 and its two-hundred day moving average price is $222.27.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the company earned $2.01 earnings per share. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. Equities research 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. Investors of record on Monday, December 9th were paid a $0.92 dividend. The ex-dividend date was Monday, December 9th. This represents a $3.68 annualized dividend and a yield of 1.69%. Analog Devices’s dividend payout ratio (DPR) is currently 111.85%.

About Analog Devices

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.