Nia Impact Advisors LLC Purchases 168 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Nia Impact Advisors LLC lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,433 shares of the semiconductor company’s stock after acquiring an additional 168 shares during the period. Nia Impact Advisors LLC’s holdings in Analog Devices were worth $2,854,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ADI. Hopwood Financial Services Inc. bought a new stake in Analog Devices in the fourth quarter worth $30,000. Mainstream Capital Management LLC bought a new stake in Analog Devices in the fourth quarter worth $30,000. Cassady Schiller Wealth Management LLC increased its position in shares of Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 55 shares during the period. Financial Life Planners purchased a new position in shares of Analog Devices in the fourth quarter valued at about $33,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Analog Devices during the fourth quarter valued at about $41,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Trading Up 1.6%

Shares of ADI opened at $226.68 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.10. The firm has a 50-day moving average price of $195.99 and a 200 day moving average price of $210.52. The firm has a market capitalization of $112.43 billion, a P/E ratio of 72.19, a P/E/G ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.09. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the firm posted $1.73 earnings per share. Analog Devices’s quarterly revenue was down 3.6% on a year-over-year basis. Sell-side analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were given a $0.99 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.75%. This is a boost from Analog Devices’s previous quarterly dividend of $0.92. Analog Devices’s dividend payout ratio is presently 126.11%.

Analog Devices announced that its board 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 buy up to 9.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ADI shares. JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Seaport Res Ptn raised shares of Analog Devices to a “strong sell” rating in a research note on Wednesday, April 30th. Citigroup dropped their price objective on shares of Analog Devices from $265.00 to $235.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Truist Financial upped their target price on shares of Analog Devices from $230.00 to $248.00 and gave the stock a “hold” rating in a research note on Thursday, February 20th. Finally, UBS Group dropped their target price on shares of Analog Devices from $300.00 to $295.00 and set a “buy” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $250.20.

Insider Buying and Selling at Analog Devices

In other news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total value of $836,760.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $10,441,928.04. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Vivek Jain sold 12,684 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the completion of the sale, the executive vice president now directly owns 43,175 shares in the company, valued at approximately $9,066,750. This trade represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,934 shares of company stock valued at $8,735,156 over the last 90 days. 0.33% of the stock is owned by 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.