ST Germain D J Co. Inc. Purchases 1,274 Shares of Analog Devices, Inc. (NASDAQ:ADI)

ST Germain D J Co. Inc. lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 25.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,361 shares of the semiconductor company’s stock after buying an additional 1,274 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Analog Devices were worth $1,351,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADI. Capital Performance Advisors LLP bought a new position in shares of Analog Devices during the 3rd quarter worth $28,000. Archer Investment Corp grew its position in shares of Analog Devices by 101.4% during the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock worth $33,000 after buying an additional 73 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of Analog Devices during the 3rd quarter worth $43,000. Reston Wealth Management LLC purchased a new stake in shares of Analog Devices during the 3rd quarter worth $48,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Analog Devices during the 3rd quarter worth $80,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Down 3.7 %

Analog Devices stock opened at $212.37 on Friday. The firm has a market cap of $105.40 billion, a price-to-earnings ratio of 64.55, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. Analog Devices, Inc. has a 52 week low of $182.57 and a 52 week high of $244.14. The business’s 50-day moving average price is $216.48 and its 200 day moving average price is $222.97. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. Analog Devices’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period last year, the company earned $2.01 earnings per share. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 7.15 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, December 9th. Analog Devices’s dividend payout ratio (DPR) is 111.85%.

Insider Buying and Selling

In other Analog Devices news, EVP Gregory M. Bryant sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $4,477,400.00. Following the sale, the executive vice president now directly owns 59,093 shares of the company’s stock, valued at approximately $13,229,149.91. This trade represents a 25.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total value of $2,154,900.00. Following the completion of the sale, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,737,116.67. The trade was a 31.27 % decrease in their ownership of the stock. 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 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ADI shares. Truist Financial upped their price objective on Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a research note on Friday. Cantor Fitzgerald restated a “neutral” rating and set a $250.00 price objective on shares of Analog Devices in a research note on Tuesday, October 8th. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Wednesday, November 27th. Piper Sandler decreased their price objective on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company assumed coverage on Analog Devices in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target for the company. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and a consensus target price of $249.48.

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.