Perigon Wealth Management LLC Acquires 259 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Perigon Wealth Management LLC increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,753 shares of the semiconductor company’s stock after buying an additional 259 shares during the quarter. Perigon Wealth Management LLC’s holdings in Analog Devices were worth $807,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ADI. Curbstone Financial Management Corp bought a new position in shares of Analog Devices in the fourth quarter worth about $460,000. Nilsine Partners LLC lifted its stake in Analog Devices by 74.0% in the 4th quarter. Nilsine Partners LLC now owns 1,832 shares of the semiconductor company’s stock valued at $389,000 after purchasing an additional 779 shares during the last quarter. Slow Capital Inc. boosted its position in Analog Devices by 3.4% in the fourth quarter. Slow Capital Inc. now owns 17,984 shares of the semiconductor company’s stock valued at $3,821,000 after buying an additional 591 shares in the last quarter. Lebenthal Global Advisors LLC grew its stake in shares of Analog Devices by 14.0% during the fourth quarter. Lebenthal Global Advisors LLC now owns 5,022 shares of the semiconductor company’s stock worth $1,067,000 after buying an additional 616 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in shares of Analog Devices by 26.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 2,557 shares of the semiconductor company’s stock worth $543,000 after buying an additional 537 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADI. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. TD Cowen reduced their price target on Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Barclays dropped their price objective on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Wells Fargo & Company assumed coverage on shares of Analog Devices in a report on Friday, November 22nd. They set an “equal weight” rating and a $220.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a research note on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $248.70.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 21,983 shares of the company’s stock, valued at approximately $4,737,116.67. This trade represents a 31.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by company insiders.

Analog Devices Stock Up 1.2 %

Shares of NASDAQ ADI opened at $212.40 on Friday. Analog Devices, Inc. has a 12-month low of $182.57 and a 12-month high of $244.14. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The firm has a market cap of $105.37 billion, a PE ratio of 64.56, a P/E/G ratio of 2.57 and a beta of 1.05. The company’s fifty day simple moving average is $216.50 and its 200 day simple moving average is $221.67.

Analog Devices (NASDAQ:ADI) last issued its 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 return on equity of 9.01% and a net margin of 17.35%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the business posted $2.01 EPS. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 7.09 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Monday, December 9th. 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.