Fiera Capital Corp Sells 27,399 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Fiera Capital Corp decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 3.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 715,933 shares of the semiconductor company’s stock after selling 27,399 shares during the period. Fiera Capital Corp owned approximately 0.14% of Analog Devices worth $152,107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in Analog Devices by 4.8% during the 4th quarter. Van ECK Associates Corp now owns 4,981,475 shares of the semiconductor company’s stock valued at $1,058,364,000 after acquiring an additional 226,716 shares during the period. Gladstone Institutional Advisory LLC lifted its position in Analog Devices by 1.7% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 8,845 shares of the semiconductor company’s stock valued at $1,879,000 after purchasing an additional 145 shares during the last quarter. Community Financial Services Group LLC boosted its stake in shares of Analog Devices by 11.1% during the fourth quarter. Community Financial Services Group LLC now owns 8,452 shares of the semiconductor company’s stock valued at $1,796,000 after purchasing an additional 847 shares during the period. Sage Private Wealth Group LLC grew its holdings in shares of Analog Devices by 10.3% in the fourth quarter. Sage Private Wealth Group LLC now owns 1,591 shares of the semiconductor company’s stock worth $338,000 after purchasing an additional 148 shares during the last quarter. Finally, L. Roy Papp & Associates LLP increased its stake in shares of Analog Devices by 1.3% in the fourth quarter. L. Roy Papp & Associates LLP now owns 36,805 shares of the semiconductor company’s stock worth $7,820,000 after buying an additional 480 shares during the period. Institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ADI. TD Cowen dropped their price target on shares of 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 target price on shares of Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Wells Fargo & Company initiated coverage on Analog Devices in a report on Friday, November 22nd. They set an “equal weight” rating and a $220.00 price target on the stock. Piper Sandler dropped their price objective on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Finally, 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 research report on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $248.70.

Analog Devices Stock Up 0.8 %

NASDAQ:ADI opened at $205.13 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35. The firm’s 50-day moving average price is $214.48 and its 200-day moving average price is $219.98. The company has a market capitalization of $101.77 billion, a PE ratio of 62.35, a P/E/G ratio of 2.38 and a beta of 1.04. Analog Devices, Inc. has a 1-year low of $182.57 and a 1-year high of $244.14.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the company earned $2.01 earnings per share. The business’s revenue was down 10.1% compared to the same quarter last year. On average, equities analysts predict that Analog Devices, Inc. will post 7.09 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Monday, December 9th. Analog Devices’s payout ratio is 111.85%.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

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.