Leonard Rickey Investment Advisors P.L.L.C. Has $282,000 Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.0% in the first quarter, HoldingsChannel reports. The fund owned 1,400 shares of the semiconductor company’s stock after buying an additional 67 shares during the quarter. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Analog Devices were worth $282,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Orion Capital Management LLC purchased a new position in shares of Analog Devices during the 4th quarter valued at $27,000. Menard Financial Group LLC purchased a new stake in shares of Analog Devices during the fourth quarter worth $27,000. Mainstream Capital Management LLC acquired a new stake in Analog Devices during the fourth quarter valued at $30,000. Hopwood Financial Services Inc. purchased a new position in Analog Devices in the fourth quarter valued at about $30,000. Finally, Cassady Schiller Wealth Management LLC grew its stake in 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 purchasing an additional 55 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Stock Performance

Shares of ADI opened at $233.34 on Wednesday. The company has a market capitalization of $115.79 billion, a PE ratio of 74.31, a price-to-earnings-growth 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 company’s fifty day moving average price is $201.19 and its 200 day moving average price is $210.54.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business posted $1.40 earnings per share. The firm’s revenue was up 22.3% compared to the same quarter last year. As a group, analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices declared that its board has approved a stock repurchase plan on Tuesday, February 18th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, June 4th. Analog Devices’s dividend payout ratio is currently 107.90%.

Insiders Place Their Bets

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at $10,441,928.04. This represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $33,576,907.41. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,934 shares of company stock valued at $6,643,956 in the last three months. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Cowen reaffirmed a “buy” rating on shares of Analog Devices in a research note on Friday, May 23rd. Lake Street Capital assumed coverage on Analog Devices in a report on Friday, February 14th. They issued a “buy” rating on the stock. Wells Fargo & Company reaffirmed a “positive” rating on shares of Analog Devices in a research report on Friday, May 23rd. Piper Sandler decreased their target price on shares of Analog Devices from $240.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, May 23rd. Finally, Cfra Research downgraded shares of Analog Devices from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $248.63.

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.