Blue Trust Inc. Acquires 982 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Blue Trust Inc. lifted its holdings in Analog Devices, Inc. (NASDAQ:ADIFree Report) by 20.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,801 shares of the semiconductor company’s stock after purchasing an additional 982 shares during the period. Blue Trust Inc.’s holdings in Analog Devices were worth $1,335,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new stake in Analog Devices during the 3rd quarter worth approximately $28,000. Archer Investment Corp raised its stake in Analog Devices by 101.4% during the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 73 shares during the period. Peterson Financial Group Inc. bought a new stake in Analog Devices during the 3rd quarter worth approximately $43,000. Reston Wealth Management LLC purchased a new stake in Analog Devices during the 3rd quarter valued at approximately $48,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Analog Devices during the 3rd quarter valued at approximately $80,000. Institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley cut their price objective on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Truist Financial increased their price objective on shares of Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a report on Friday, January 10th. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. TD Cowen cut their target price on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Finally, Wells Fargo & Company initiated coverage on shares of Analog Devices in a report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average price target of $248.70.

Read Our Latest Report on ADI

Analog Devices Stock Down 2.7 %

NASDAQ:ADI opened at $209.52 on Wednesday. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $244.14. The company has a market cap of $103.95 billion, a price-to-earnings ratio of 63.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The stock has a fifty day simple moving average of $216.54 and a 200-day simple moving average of $221.96. 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:ADIGet Free Report) last released its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.01 earnings per share. Analysts anticipate that Analog Devices, Inc. will post 7.09 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were issued a $0.92 dividend. The ex-dividend date was Monday, December 9th. This represents a $3.68 annualized dividend and a dividend yield of 1.76%. Analog Devices’s payout ratio is currently 111.85%.

Insider Activity at Analog Devices

In related news, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $223.87, for a total value 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. The trade was a 25.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $215.83, for a total transaction of $2,158,300.00. Following the completion of the transaction, the chief executive officer now owns 21,983 shares of the company’s stock, valued at $4,744,590.89. This represents a 31.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $11,029,300 over the last three months. 0.31% of the stock is owned by corporate insiders.

Analog Devices Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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