Colonial Trust Advisors Has $267,000 Stock Holdings in Analog Devices, Inc. $ADI

Colonial Trust Advisors lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5,000.0% during the second quarter, HoldingsChannel reports. The firm owned 1,122 shares of the semiconductor company’s stock after buying an additional 1,100 shares during the quarter. Colonial Trust Advisors’ holdings in Analog Devices were worth $267,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ADI. Activest Wealth Management lifted its holdings in Analog Devices by 6,350.0% during the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 127 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of Analog Devices during the 2nd quarter valued at about $26,000. N.E.W. Advisory Services LLC acquired a new position in shares of Analog Devices in the 1st quarter valued at approximately $33,000. Saudi Central Bank bought a new stake in Analog Devices during the 1st quarter worth approximately $39,000. Finally, Nova Wealth Management Inc. bought a new stake in Analog Devices during the 1st quarter worth approximately $42,000. Institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Martin Cotter sold 12,500 shares of Analog Devices stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the completion of the transaction, the senior vice president owned 63,048 shares in the company, valued at approximately $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $234.95, for a total value of $2,349,500.00. Following the completion of the sale, the chief executive officer owned 163,640 shares in the company, valued at $38,447,218. This represents a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 39,750 shares of company stock worth $9,598,496. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ADI shares. BNP Paribas started coverage on shares of Analog Devices in a research note on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price target on the stock. Piper Sandler set a $290.00 price objective on shares of Analog Devices in a research report on Tuesday. Zacks Research lowered shares of Analog Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Truist Financial increased their target price on Analog Devices from $249.00 to $258.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Benchmark restated a “buy” rating and issued a $285.00 price target on shares of Analog Devices in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $281.87.

Analog Devices Trading Up 2.9%

Shares of Analog Devices stock opened at $265.52 on Friday. The stock has a market cap of $130.62 billion, a P/E ratio of 67.73, a P/E/G ratio of 1.98 and a beta of 1.09. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $265.75. The business’s 50 day moving average is $239.64 and its 200-day moving average is $236.21.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the company earned $1.67 earnings per share. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. Equities research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Monday, December 8th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Analog Devices Company 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.