Sargent Investment Group LLC Raises Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Sargent Investment Group LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,328 shares of the semiconductor company’s stock after purchasing an additional 98 shares during the quarter. Sargent Investment Group LLC’s holdings in Analog Devices were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ADI. Czech National Bank boosted its holdings in Analog Devices by 7.0% in the third quarter. Czech National Bank now owns 101,084 shares of the semiconductor company’s stock valued at $23,267,000 after acquiring an additional 6,584 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in Analog Devices by 6.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 3,595 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 204 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of Analog Devices by 53.2% during the third quarter. Fulton Bank N.A. now owns 1,936 shares of the semiconductor company’s stock worth $446,000 after purchasing an additional 672 shares during the last quarter. Atomi Financial Group Inc. grew its stake in Analog Devices by 14.1% in the third quarter. Atomi Financial Group Inc. now owns 2,184 shares of the semiconductor company’s stock worth $503,000 after purchasing an additional 270 shares in the last quarter. Finally, Sovereign Financial Group Inc. increased its holdings in Analog Devices by 11.3% in the third quarter. Sovereign Financial Group Inc. now owns 1,444 shares of the semiconductor company’s stock valued at $332,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Price Performance

NASDAQ ADI opened at $209.80 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 1 year low of $182.57 and a 1 year high of $244.14. The company has a market cap of $104.08 billion, a PE ratio of 63.77, a PEG ratio of 2.43 and a beta of 1.04. The stock’s 50-day moving average price is $215.80 and its two-hundred day moving average price is $220.76.

Analog Devices (NASDAQ:ADI) last issued 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. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm earned $2.01 EPS. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. On average, analysts predict that Analog Devices, Inc. will post 7.09 EPS for the current year.

Analog Devices Announces Dividend

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

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the business’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 transaction of $2,154,900.00. Following the transaction, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at approximately $4,737,116.67. The trade was a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

ADI has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Wells Fargo & Company initiated coverage on shares of Analog Devices in a report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price objective for the company. TD Cowen dropped their target price on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Truist Financial lifted their price target on shares of Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a report on Friday, January 10th. Finally, Piper Sandler dropped their price objective on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and an average target price of $248.70.

About Analog Devices

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.