Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Center for Financial Planning Inc.

Center for Financial Planning Inc. lessened its stake in Analog Devices, Inc. (NASDAQ:ADI) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,224 shares of the semiconductor company’s stock after selling 171 shares during the quarter. Center for Financial Planning Inc.’s holdings in Analog Devices were worth $260,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ADI. PUREfi Wealth LLC purchased a new position in shares of Analog Devices in the 4th quarter valued at about $438,000. Valeo Financial Advisors LLC increased its stake in shares of Analog Devices by 2.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 4,658 shares of the semiconductor company’s stock valued at $990,000 after purchasing an additional 110 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Analog Devices by 0.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 197,094 shares of the semiconductor company’s stock valued at $42,767,000 after purchasing an additional 590 shares in the last quarter. Avestar Capital LLC increased its stake in shares of Analog Devices by 9.9% in the 4th quarter. Avestar Capital LLC now owns 4,156 shares of the semiconductor company’s stock valued at $883,000 after purchasing an additional 375 shares in the last quarter. Finally, Consolidated Planning Corp increased its stake in shares of Analog Devices by 203.1% in the 4th quarter. Consolidated Planning Corp now owns 8,376 shares of the semiconductor company’s stock valued at $1,780,000 after purchasing an additional 5,613 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the sale, the chief executive officer now owns 21,983 shares of the company’s stock, valued at approximately $4,737,116.67. This represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.

Analog Devices Stock Up 2.5 %

NASDAQ:ADI opened at $214.61 on Friday. 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 stock’s fifty day moving average is $214.11 and its two-hundred day moving average is $219.80. Analog Devices, Inc. has a 52 week low of $182.57 and a 52 week high of $244.14. The stock has a market capitalization of $106.47 billion, a price-to-earnings ratio of 65.23, a price-to-earnings-growth ratio of 2.38 and a beta of 1.04.

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

Analog Devices Dividend Announcement

The company also recently declared 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 1.71%. The ex-dividend date was Monday, December 9th. Analog Devices’s dividend payout ratio (DPR) is 111.85%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. TD Cowen cut their price target on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Morgan Stanley cut their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Piper Sandler cut their price objective on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Benchmark initiated coverage on Analog Devices in a research note on Friday. They set a “buy” rating and a $245.00 price objective for the company. Finally, Barclays cut their price objective on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $248.52.

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.