13,173 Shares in Analog Devices, Inc. (NASDAQ:ADI) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the fourth quarter, HoldingsChannel reports. The fund acquired 13,173 shares of the semiconductor company’s stock, valued at approximately $2,799,000.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its position in shares of Analog Devices by 4.7% in the 3rd quarter. Creative Planning now owns 116,826 shares of the semiconductor company’s stock worth $26,890,000 after acquiring an additional 5,269 shares in the last quarter. Swedbank AB raised its holdings in Analog Devices by 6.7% in the third quarter. Swedbank AB now owns 2,894,109 shares of the semiconductor company’s stock worth $666,137,000 after purchasing an additional 180,870 shares in the last quarter. Stratos Wealth Advisors LLC raised its holdings in Analog Devices by 8.8% in the third quarter. Stratos Wealth Advisors LLC now owns 5,511 shares of the semiconductor company’s stock worth $1,269,000 after purchasing an additional 444 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its position in Analog Devices by 13.3% during the third quarter. Moss Adams Wealth Advisors LLC now owns 1,189 shares of the semiconductor company’s stock valued at $274,000 after buying an additional 140 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Analog Devices by 55.7% in the 3rd quarter. Blue Trust Inc. now owns 4,819 shares of the semiconductor company’s stock worth $1,100,000 after buying an additional 1,723 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $215.83, for a total transaction of $2,158,300.00. Following the completion of the sale, the chief executive officer now owns 21,983 shares of the company’s stock, valued at $4,744,590.89. The trade was a 31.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Analog Devices Trading Up 2.5 %

NASDAQ:ADI opened at $214.61 on Monday. The company has a 50 day simple moving average of $214.04 and a two-hundred day simple moving average of $219.68. The company has a market cap of $106.47 billion, a PE ratio of 65.23, a price-to-earnings-growth ratio of 2.38 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12 month low of $182.57 and a 12 month high of $244.14.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. Analog Devices’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.01 earnings per share. Research analysts forecast that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were given a dividend of $0.92 per share. The ex-dividend date was Monday, December 9th. This represents a $3.68 annualized dividend and a yield of 1.71%. Analog Devices’s dividend payout ratio (DPR) is 111.85%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of 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 dropped their price target 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Piper Sandler dropped their target price on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Finally, TD Cowen reduced their price target on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $248.52.

Analog Devices Company 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.