Ipsen Advisor Group LLC Purchases 116 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Ipsen Advisor Group LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 5.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,256 shares of the semiconductor company’s stock after purchasing an additional 116 shares during the quarter. Ipsen Advisor Group LLC’s holdings in Analog Devices were worth $455,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ADI. Brighton Jones LLC grew its position in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after buying an additional 529 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Analog Devices during the 4th quarter valued at about $2,799,000. Golden State Wealth Management LLC purchased a new position in shares of Analog Devices during the fourth quarter worth about $61,000. Empowered Funds LLC increased its position in shares of Analog Devices by 74.0% in the fourth quarter. Empowered Funds LLC now owns 43,327 shares of the semiconductor company’s stock worth $9,205,000 after purchasing an additional 18,422 shares during the last quarter. Finally, Quotient Wealth Partners LLC increased its holdings in shares of Analog Devices by 12.0% in the 4th quarter. Quotient Wealth Partners LLC now owns 2,215 shares of the semiconductor company’s stock worth $471,000 after buying an additional 238 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Piper Sandler decreased their price objective on Analog Devices from $240.00 to $215.00 and set a “neutral” rating on the stock in a report on Friday, May 23rd. Seaport Res Ptn raised Analog Devices to a “strong sell” rating in a research report on Wednesday, April 30th. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. KGI Securities started coverage on Analog Devices in a research note on Friday, May 23rd. They issued a “buy” rating on the stock. Finally, Cfra Research downgraded shares of Analog Devices from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average price target of $248.63.

Analog Devices Stock Performance

Shares of ADI opened at $227.66 on Tuesday. The firm has a market capitalization of $112.98 billion, a P/E ratio of 72.50, a PEG ratio of 2.85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.10. The business has a fifty day moving average of $200.14 and a 200 day moving average of $210.38.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.15. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the company posted $1.40 EPS. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.74%. Analog Devices’s dividend payout ratio (DPR) is 107.90%.

Analog Devices declared that its Board of Directors has approved a stock buyback plan on Tuesday, February 18th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total value of $563,156.25. Following the completion of the sale, the director now directly owns 186,321 shares of the company’s stock, valued at approximately $33,576,907.41. This represents a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Vivek Jain sold 12,684 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the sale, the executive vice president now owns 43,175 shares in the company, valued at approximately $9,066,750. The trade was a 22.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,934 shares of company stock valued at $8,735,156. 0.33% of the stock is owned by company insiders.

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.