Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 67,400 shares of the semiconductor company’s stock after selling 1,291 shares during the quarter. Yousif Capital Management LLC’s holdings in Analog Devices were worth $14,320,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Czech National Bank lifted its holdings in Analog Devices by 7.0% in the 3rd 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 raised its holdings in shares of Analog Devices by 6.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 3,595 shares of the semiconductor company’s stock worth $827,000 after purchasing an additional 204 shares in the last quarter. Fulton Bank N.A. lifted its stake in Analog Devices by 53.2% during the third quarter. Fulton Bank N.A. now owns 1,936 shares of the semiconductor company’s stock valued at $446,000 after purchasing an additional 672 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Analog Devices by 18.9% during the third quarter. Versant Capital Management Inc now owns 882 shares of the semiconductor company’s stock worth $203,000 after buying an additional 140 shares in the last quarter. Finally, Marion Wealth Management grew its position in Analog Devices by 5.1% in the third quarter. Marion Wealth Management now owns 20,231 shares of the semiconductor company’s stock worth $4,657,000 after buying an additional 978 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total value of $2,154,900.00. Following 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 trade represents a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on ADI. TD Cowen cut their price objective on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Truist Financial increased 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. Morgan Stanley cut their price objective 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 started coverage on shares of Analog Devices in a report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 target price for the company. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.70.

Analog Devices Trading Up 0.4 %

NASDAQ:ADI opened at $206.01 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84. The company has a market capitalization of $102.20 billion, a P/E ratio of 62.62, a P/E/G ratio of 2.43 and a beta of 1.04. The stock’s 50 day moving average price is $216.06 and its 200 day moving average price is $220.94. Analog Devices, Inc. has a 52 week low of $182.57 and a 52 week high of $244.14.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.41 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. Analog Devices’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 EPS. On average, research analysts forecast that Analog Devices, Inc. will post 7.09 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed 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. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s dividend payout ratio is 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.