NBW Capital LLC reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 7.4% during the 4th quarter, HoldingsChannel reports. The fund owned 33,691 shares of the semiconductor company’s stock after selling 2,688 shares during the period. Analog Devices accounts for 1.5% of NBW Capital LLC’s holdings, making the stock its 27th biggest position. NBW Capital LLC’s holdings in Analog Devices were worth $4,977,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Davis R M Inc. purchased a new position in shares of Analog Devices during the 4th quarter valued at $1,126,000. StrategIQ Financial Group LLC purchased a new position in shares of Analog Devices during the 4th quarter valued at $207,000. Resonant Capital Advisors LLC grew its holdings in shares of Analog Devices by 3.7% during the 4th quarter. Resonant Capital Advisors LLC now owns 12,599 shares of the semiconductor company’s stock valued at $1,861,000 after acquiring an additional 449 shares in the last quarter. San Luis Wealth Advisors LLC purchased a new position in shares of Analog Devices during the 4th quarter valued at $674,000. Finally, Leelyn Smith LLC grew its holdings in shares of Analog Devices by 5.0% during the 4th quarter. Leelyn Smith LLC now owns 17,377 shares of the semiconductor company’s stock valued at $2,567,000 after acquiring an additional 824 shares in the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.
In other news, Director James Champy sold 1,562 shares of the company’s stock in a transaction that occurred on Wednesday, January 13th. The shares were sold at an average price of $160.00, for a total transaction of $249,920.00. Following the transaction, the director now directly owns 8,406 shares in the company, valued at $1,344,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael Sondel sold 2,210 shares of the company’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $163.79, for a total transaction of $361,975.90. Insiders have sold 27,946 shares of company stock worth $4,113,188 over the last ninety days. Insiders own 0.42% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on shares of Analog Devices from $134.00 to $155.00 in a research note on Wednesday, November 25th. BMO Capital Markets lifted their price objective on shares of Analog Devices from $155.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, February 16th. KeyCorp boosted their target price on shares of Analog Devices from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 6th. Oppenheimer reissued a “buy” rating and set a $175.00 target price on shares of Analog Devices in a research report on Thursday, February 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Analog Devices from $142.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, December 17th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $155.20.
Analog Devices stock traded down $3.74 during trading hours on Tuesday, hitting $155.50. 53,063 shares of the stock were exchanged, compared to its average volume of 2,845,409. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.40 and a current ratio of 1.84. The stock has a market capitalization of $57.36 billion, a P/E ratio of 48.55, a P/E/G ratio of 2.26 and a beta of 1.31. Analog Devices, Inc. has a 12 month low of $79.07 and a 12 month high of $164.40. The business’s 50-day moving average is $155.34 and its two-hundred day moving average is $134.12.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, February 16th. The semiconductor company reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.12. Analog Devices had a net margin of 21.79% and a return on equity of 15.51%. During the same quarter in the previous year, the business earned $1.03 EPS. On average, equities analysts predict that Analog Devices, Inc. will post 5.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 9th. Shareholders of record on Friday, February 26th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 1.77%. This is a boost from Analog Devices’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, February 25th. Analog Devices’s dividend payout ratio is currently 50.51%.
Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.
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