Analog Devices, Inc. (NASDAQ:ADI) Stake Raised by Stratos Investment Management LLC

Stratos Investment Management LLC raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,477 shares of the semiconductor company’s stock after acquiring an additional 133 shares during the quarter. Stratos Investment Management LLC’s holdings in Analog Devices were worth $526,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sargent Investment Group LLC lifted its holdings in shares of Analog Devices by 8.0% during the fourth quarter. Sargent Investment Group LLC now owns 1,328 shares of the semiconductor company’s stock worth $283,000 after buying an additional 98 shares during the last quarter. Avitas Wealth Management LLC grew its holdings in shares of Analog Devices by 0.7% during the fourth quarter. Avitas Wealth Management LLC now owns 13,900 shares of the semiconductor company’s stock worth $2,953,000 after purchasing an additional 92 shares during the last quarter. Calamos Wealth Management LLC boosted its holdings in Analog Devices by 25.5% in the fourth quarter. Calamos Wealth Management LLC now owns 55,138 shares of the semiconductor company’s stock valued at $11,715,000 after acquiring an additional 11,212 shares during the last quarter. GDS Wealth Management raised its position in shares of Analog Devices by 314.1% during the fourth quarter. GDS Wealth Management now owns 8,335 shares of the semiconductor company’s stock worth $1,771,000 after purchasing an additional 6,322 shares during the period. Finally, Financial Life Planners acquired a new stake in shares of Analog Devices during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

ADI has been the subject of a number of analyst reports. Wells Fargo & Company initiated 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. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Barclays decreased their target price on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Truist Financial lifted their price target on Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Finally, Morgan Stanley dropped their price target on Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $248.70.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the 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 of the company’s stock, valued at approximately $4,737,116.67. This represents a 31.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.33% of the company’s stock.

Analog Devices Price Performance

ADI opened at $209.80 on Thursday. Analog Devices, Inc. has a 1 year low of $182.57 and a 1 year high of $244.14. The firm’s fifty day moving average price is $215.80 and its two-hundred day moving average price is $220.76. The company has a market capitalization of $104.08 billion, a price-to-earnings ratio of 63.77, a P/E/G ratio of 2.43 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35.

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

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were issued a $0.92 dividend. The ex-dividend date was Monday, December 9th. This represents a $3.68 annualized dividend and a dividend yield of 1.75%. Analog Devices’s dividend payout ratio is currently 111.85%.

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.