Analog Devices, Inc. (NASDAQ:ADI) Stake Decreased by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,395 shares of the semiconductor company’s stock after selling 110 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Analog Devices were worth $509,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sanibel Captiva Trust Company Inc. grew its stake in shares of Analog Devices by 5.5% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 2,557 shares of the semiconductor company’s stock worth $543,000 after purchasing an additional 134 shares in the last quarter. Integrated Investment Consultants LLC grew its position in Analog Devices by 6.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 1,579 shares of the semiconductor company’s stock valued at $335,000 after buying an additional 95 shares in the last quarter. Brooklyn Investment Group grew its position in Analog Devices by 2.1% in the 4th quarter. Brooklyn Investment Group now owns 4,488 shares of the semiconductor company’s stock valued at $953,000 after buying an additional 92 shares in the last quarter. Sax Wealth Advisors LLC acquired a new position in Analog Devices during the 4th quarter valued at about $1,395,000. Finally, Somerset Trust Co raised its position in shares of Analog Devices by 1.5% during the 4th quarter. Somerset Trust Co now owns 26,224 shares of the semiconductor company’s stock worth $5,572,000 after buying an additional 378 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Up 1.9 %

Shares of NASDAQ ADI opened at $219.16 on Friday. The firm has a market capitalization of $108.77 billion, a PE ratio of 66.61, a PEG ratio of 2.43 and a beta of 1.05. Analog Devices, Inc. has a one year low of $182.57 and a one year high of $244.14. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $215.64 and a two-hundred day moving average price of $222.56.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.41 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.01 earnings per share. As a group, analysts predict that Analog Devices, Inc. will post 7.09 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were paid a $0.92 dividend. The ex-dividend date was Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a yield of 1.68%. Analog Devices’s dividend payout ratio (DPR) is currently 111.85%.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the transaction, the chief executive officer now owns 21,983 shares in the company, valued at $4,737,116.67. This represents a 31.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction on Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the completion of the sale, the executive vice president now directly owns 59,093 shares of the company’s stock, valued at approximately $13,229,149.91. The trade was a 25.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $11,029,300 in the last three months. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ADI. Truist Financial raised their price objective on shares of Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Cantor Fitzgerald reissued a “neutral” rating and issued a $250.00 price objective on shares of Analog Devices in a research note on Tuesday, October 8th. Wells Fargo & Company started coverage on Analog Devices in a report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price objective for the company. Barclays dropped their price target on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Morgan Stanley reduced their price objective on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $248.70.

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.