Dynamic Advisor Solutions LLC Decreases Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Dynamic Advisor Solutions LLC lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,821 shares of the semiconductor company’s stock after selling 439 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Analog Devices were worth $1,237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. apricus wealth LLC bought a new stake in shares of Analog Devices in the fourth quarter worth $251,000. Exchange Traded Concepts LLC grew its stake in shares of Analog Devices by 21.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 17,855 shares of the semiconductor company’s stock valued at $3,793,000 after purchasing an additional 3,176 shares during the period. Berbice Capital Management LLC bought a new stake in shares of Analog Devices during the 4th quarter valued at about $110,000. Encompass More Asset Management increased its position in shares of Analog Devices by 25.6% during the 4th quarter. Encompass More Asset Management now owns 1,135 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 231 shares during the last quarter. Finally, RFG Advisory LLC lifted its stake in shares of Analog Devices by 3.9% in the 4th quarter. RFG Advisory LLC now owns 2,072 shares of the semiconductor company’s stock worth $440,000 after purchasing an additional 77 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Price Performance

NASDAQ:ADI opened at $217.37 on Monday. The business’s 50-day moving average is $216.42 and its 200 day moving average is $222.20. Analog Devices, Inc. has a 12 month low of $182.57 and a 12 month high of $244.14. The company has a market capitalization of $107.85 billion, a P/E ratio of 66.07, a P/E/G ratio of 2.57 and a beta of 1.05. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last issued 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. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the firm earned $2.01 EPS. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, equities research analysts forecast that Analog Devices, Inc. will post 7.09 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were issued a $0.92 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.69%. 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 business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $215.83, for a total transaction of $2,158,300.00. Following the transaction, the chief executive officer now owns 21,983 shares in the company, valued at $4,744,590.89. The trade was a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gregory M. Bryant sold 20,000 shares of the firm’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 sale, the executive vice president now owns 59,093 shares of the company’s stock, valued at $13,229,149.91. This trade represents a 25.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,000 shares of company stock worth $11,029,300. 0.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ADI has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 target price on shares of Analog Devices in a report on Tuesday, October 8th. Truist Financial upped their price objective on Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. 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. Piper Sandler reduced their price target on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Finally, Barclays lowered their price objective on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.70.

Analog Devices 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.