GHP Investment Advisors Inc. Has $10 Million Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

GHP Investment Advisors Inc. raised its stake in Analog Devices, Inc. (NASDAQ:ADI) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,083 shares of the semiconductor company’s stock after purchasing an additional 1,410 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Analog Devices were worth $10,003,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ADI. Silver Oak Securities Incorporated raised its stake in Analog Devices by 99.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 1,989 shares of the semiconductor company’s stock valued at $423,000 after buying an additional 992 shares during the period. Schmidt P J Investment Management Inc. raised its stake in Analog Devices by 2.2% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 34,690 shares of the semiconductor company’s stock valued at $7,370,000 after acquiring an additional 757 shares during the period. Tyche Wealth Partners LLC acquired a new stake in Analog Devices during the 4th quarter valued at $432,000. Absher Wealth Management LLC boosted its position in Analog Devices by 10.6% during the fourth quarter. Absher Wealth Management LLC now owns 143,506 shares of the semiconductor company’s stock worth $30,489,000 after purchasing an additional 13,728 shares during the period. Finally, Choreo LLC increased its holdings in shares of Analog Devices by 25.7% in the fourth quarter. Choreo LLC now owns 23,868 shares of the semiconductor company’s stock valued at $5,073,000 after purchasing an additional 4,887 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of ADI stock opened at $209.80 on Thursday. The business has a fifty day simple moving average of $215.65 and a 200 day simple moving average of $220.68. The company has a market cap of $104.08 billion, a P/E ratio of 63.77, a P/E/G ratio of 2.43 and a beta of 1.04. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $244.14.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was down 10.1% compared to the same quarter last year. During the same period last year, the company posted $2.01 EPS. On average, sell-side analysts forecast that Analog Devices, Inc. will post 7.09 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were issued a dividend of $0.92 per share. The ex-dividend date was Monday, December 9th. This represents a $3.68 annualized dividend and a dividend yield of 1.75%. Analog Devices’s dividend payout ratio (DPR) is presently 111.85%.

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $215.83, for a total value of $2,158,300.00. Following the completion of the transaction, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,744,590.89. 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 link. 0.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ADI. Morgan Stanley cut their target price on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Truist Financial raised their price objective on shares of Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Barclays lowered their target price on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company initiated 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, 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 note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average 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.