Level Four Advisory Services LLC Increases Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Level Four Advisory Services LLC grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 34.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 2,016 shares of the semiconductor company’s stock after buying an additional 512 shares during the period. Level Four Advisory Services LLC’s holdings in Analog Devices were worth $398,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Richard W. Paul & Associates LLC lifted its stake in shares of Analog Devices by 2.6% during the first quarter. Richard W. Paul & Associates LLC now owns 2,154 shares of the semiconductor company’s stock worth $425,000 after buying an additional 54 shares during the period. Heron Financial Group LLC increased its holdings in shares of Analog Devices by 1.2% in the fourth quarter. Heron Financial Group LLC now owns 4,518 shares of the semiconductor company’s stock valued at $721,000 after purchasing an additional 55 shares during the period. Curi Wealth Management LLC raised its stake in shares of Analog Devices by 4.2% in the first quarter. Curi Wealth Management LLC now owns 1,410 shares of the semiconductor company’s stock worth $278,000 after purchasing an additional 57 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Analog Devices by 3.4% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,783 shares of the semiconductor company’s stock worth $352,000 after purchasing an additional 58 shares during the period. Finally, Athena Investment Management boosted its position in Analog Devices by 2.9% in the fourth quarter. Athena Investment Management now owns 2,133 shares of the semiconductor company’s stock valued at $350,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $197.64, for a total transaction of $1,976,400.00. Following the transaction, the chief executive officer now directly owns 70,713 shares of the company’s stock, valued at $13,975,717.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 30,000 shares of company stock valued at $5,661,500. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on ADI shares. StockNews.com cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Wolfe Research began coverage on Analog Devices in a research report on Wednesday, July 19th. They set a “market perform” rating on the stock. Truist Financial decreased their price objective on Analog Devices from $251.00 to $213.00 in a report on Thursday, May 25th. Robert W. Baird reduced their price target on Analog Devices from $235.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, August 24th. Finally, Raymond James lowered their price objective on Analog Devices from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, August 24th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $204.21.

Analog Devices Stock Performance

ADI opened at $178.14 on Monday. The firm has a market capitalization of $88.77 billion, a PE ratio of 24.20, a PEG ratio of 1.80 and a beta of 1.17. The company has a current ratio of 1.71, a quick ratio of 1.10 and a debt-to-equity ratio of 0.18. Analog Devices, Inc. has a twelve month low of $133.48 and a twelve month high of $200.10. The firm’s 50-day moving average price is $185.76 and its 200 day moving average price is $185.76.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 23rd. The semiconductor company reported $2.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.03). Analog Devices had a net margin of 29.23% and a return on equity of 15.20%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company earned $2.52 earnings per share. Analog Devices’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Analog Devices, Inc. will post 10.12 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Tuesday, September 5th were given a dividend of $0.86 per share. The ex-dividend date was Friday, September 1st. This represents a $3.44 annualized dividend and a dividend yield of 1.93%. Analog Devices’s payout ratio is 46.74%.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.