Mather Group LLC. Has $574,000 Stake in Analog Devices, Inc. (NASDAQ:ADI)

Mather Group LLC. decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 17.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,702 shares of the semiconductor company’s stock after selling 574 shares during the period. Mather Group LLC.’s holdings in Analog Devices were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in Analog Devices during the third quarter worth approximately $28,000. Archer Investment Corp grew its position in Analog Devices by 101.4% during the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock worth $33,000 after buying an additional 73 shares in the last quarter. Financial Life Planners acquired a new stake in Analog Devices during the fourth quarter worth approximately $33,000. Peterson Financial Group Inc. acquired a new stake in Analog Devices during the third quarter worth approximately $43,000. Finally, Reston Wealth Management LLC acquired a new stake in Analog Devices during the third quarter worth approximately $48,000. 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 Analog Devices 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 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. This trade represents a 31.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

Analog Devices Trading Up 1.8 %

NASDAQ ADI opened at $209.80 on Thursday. The company has a market cap of $104.08 billion, a price-to-earnings ratio of 63.77, a price-to-earnings-growth ratio of 2.43 and a beta of 1.04. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $244.14. The business’s fifty day moving average is $215.80 and its 200 day moving average is $220.76. 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 (NASDAQ:ADI) last announced its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.01 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 7.09 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.75%. The ex-dividend date was Monday, December 9th. Analog Devices’s payout ratio is presently 111.85%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADI. Truist Financial increased their price target on Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Piper Sandler reduced their price target on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. 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 target price for the company. Morgan Stanley reduced their target price on Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.70.

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.