Bluedoor Private Wealth LLC purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,570 shares of the semiconductor company’s stock, valued at approximately $426,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new position in shares of Analog Devices during the fourth quarter valued at $26,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Analog Devices during the fourth quarter valued at $27,000. Entrust Financial LLC acquired a new position in shares of Analog Devices during the fourth quarter valued at $33,000. Albion Financial Group UT boosted its holdings in shares of Analog Devices by 41.4% during the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 36 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of Analog Devices by 56.1% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 128 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Stock Performance
ADI stock opened at $427.58 on Tuesday. The company has a market capitalization of $208.27 billion, a P/E ratio of 63.53, a PEG ratio of 1.17 and a beta of 1.18. The company has a 50-day simple moving average of $393.95 and a 200 day simple moving average of $336.60. Analog Devices, Inc. has a fifty-two week low of $218.37 and a fifty-two week high of $439.70. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.
Analog Devices Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be given a $1.10 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.0%. Analog Devices’s payout ratio is 65.38%.
Insider Buying and Selling at Analog Devices
In other Analog Devices news, Director Ray Stata sold 1,416 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $398.11, for a total value of $563,723.76. Following the sale, the director directly owned 118,759 shares in the company, valued at approximately $47,279,145.49. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the sale, the chief executive officer owned 137,538 shares in the company, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 101,442 shares of company stock valued at $40,422,954 in the last ninety days. 0.36% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on ADI shares. Bank of America boosted their price target on shares of Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Wolfe Research reaffirmed an “outperform” rating and issued a $475.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. TD Cowen upped their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Piper Sandler upped their price objective on shares of Analog Devices from $250.00 to $360.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $432.71.
View Our Latest Stock Report on Analog Devices
Analog Devices Profile
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
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