Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Fermata Advisors LLC

Fermata Advisors LLC lowered its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 24.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,171 shares of the semiconductor company’s stock after selling 386 shares during the period. Fermata Advisors LLC’s holdings in Analog Devices were worth $236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Analog Devices in the 4th quarter valued at approximately $27,000. Menard Financial Group LLC purchased a new stake in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Mainstream Capital Management LLC purchased a new stake in shares of Analog Devices in the fourth quarter valued at approximately $30,000. Hopwood Financial Services Inc. acquired a new position in Analog Devices during the fourth quarter worth $30,000. Finally, Cassady Schiller Wealth Management LLC raised its holdings in Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $218.04 on Friday. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. The business has a 50-day moving average of $199.12 and a 200-day moving average of $210.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The company has a market capitalization of $108.20 billion, a price-to-earnings ratio of 69.44, a PEG ratio of 2.85 and a beta of 1.00.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.15. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The company’s revenue was up 22.3% compared to the same quarter last year. On average, equities analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, June 4th. Analog Devices’s payout ratio is 107.90%.

Analog Devices announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADI. Benchmark reaffirmed a “buy” rating and set a $260.00 price objective (down from $275.00) on shares of Analog Devices in a report on Friday, May 23rd. Barclays boosted their price target on Analog Devices from $170.00 to $185.00 and gave the stock an “equal weight” rating in a report on Friday, May 23rd. TD Cowen boosted their price target on Analog Devices from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. Maxim Group assumed coverage on Analog Devices in a report on Friday, February 14th. They issued a “buy” rating for the company. Finally, Truist Financial boosted their price target on Analog Devices from $230.00 to $248.00 and gave the stock a “hold” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $248.63.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the transaction, the director now owns 186,321 shares of the company’s stock, valued at $33,576,907.41. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total value of $2,091,200.00. Following the transaction, the chief executive officer now directly owns 64,918 shares in the company, valued at approximately $13,575,652.16. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,934 shares of company stock valued at $8,735,156 over the last quarter. Company insiders own 0.33% of the company’s stock.

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.