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

Buckingham Capital Management Inc. lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 26.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,631 shares of the semiconductor company’s stock after selling 585 shares during the period. Buckingham Capital Management Inc.’s holdings in Analog Devices were worth $347,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Creative Planning grew its position in shares of Analog Devices by 4.7% in the third quarter. Creative Planning now owns 116,826 shares of the semiconductor company’s stock valued at $26,890,000 after purchasing an additional 5,269 shares during the last quarter. Swedbank AB lifted its stake in Analog Devices by 6.7% in the 3rd quarter. Swedbank AB now owns 2,894,109 shares of the semiconductor company’s stock valued at $666,137,000 after buying an additional 180,870 shares in the last quarter. Stratos Wealth Advisors LLC lifted its stake in Analog Devices by 8.8% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 5,511 shares of the semiconductor company’s stock valued at $1,269,000 after buying an additional 444 shares in the last quarter. Blue Trust Inc. grew its holdings in Analog Devices by 55.7% during the 3rd quarter. Blue Trust Inc. now owns 4,819 shares of the semiconductor company’s stock valued at $1,100,000 after buying an additional 1,723 shares during the last quarter. Finally, OLD National Bancorp IN increased its position in Analog Devices by 0.6% during the third quarter. OLD National Bancorp IN now owns 13,677 shares of the semiconductor company’s stock worth $3,148,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ADI. Wells Fargo & Company initiated coverage on Analog Devices in a research note on Friday, November 22nd. They set an “equal weight” rating and a $220.00 price objective on the stock. Barclays decreased their price target on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Benchmark initiated coverage on shares of Analog Devices in a research note on Friday. They set a “buy” rating and a $245.00 price objective on the stock. Finally, Truist Financial lifted their target price on shares of Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $248.52.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on 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 sale, the chief executive officer now owns 21,983 shares in the company, 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. Insiders own 0.33% of the company’s stock.

Analog Devices Stock Up 2.5 %

NASDAQ ADI opened at $214.61 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a fifty-two week low of $182.57 and a fifty-two week high of $244.14. The business has a 50 day moving average price of $214.04 and a two-hundred day moving average price of $219.59. The stock has a market cap of $106.47 billion, a PE ratio of 65.23, a P/E/G ratio of 2.38 and a beta of 1.04.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the firm earned $2.01 earnings per share. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, sell-side analysts predict that Analog Devices, Inc. will post 7.09 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Monday, December 9th. Analog Devices’s 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.