Radnor Capital Management LLC bought a new position in Analog Devices, Inc. (NASDAQ:ADI) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,415 shares of the semiconductor company’s stock, valued at approximately $209,000.
A number of other institutional investors also recently made changes to their positions in the stock. Sowell Financial Services LLC raised its holdings in Analog Devices by 22.0% during the fourth quarter. Sowell Financial Services LLC now owns 371 shares of the semiconductor company’s stock valued at $55,000 after acquiring an additional 67 shares during the period. Wealth Alliance increased its holdings in shares of Analog Devices by 5.0% in the third quarter. Wealth Alliance now owns 1,794 shares of the semiconductor company’s stock worth $209,000 after purchasing an additional 85 shares during the last quarter. Farmers Trust Co. increased its holdings in shares of Analog Devices by 2.9% in the third quarter. Farmers Trust Co. now owns 3,056 shares of the semiconductor company’s stock worth $356,000 after purchasing an additional 86 shares during the last quarter. Nachman Norwood & Parrott Inc increased its holdings in shares of Analog Devices by 2.0% in the third quarter. Nachman Norwood & Parrott Inc now owns 4,430 shares of the semiconductor company’s stock worth $517,000 after purchasing an additional 86 shares during the last quarter. Finally, KMG Fiduciary Partners LLC increased its holdings in shares of Analog Devices by 2.7% in the fourth quarter. KMG Fiduciary Partners LLC now owns 3,342 shares of the semiconductor company’s stock worth $497,000 after purchasing an additional 88 shares during the last quarter. 91.90% of the stock is currently owned by institutional investors.
Several research analysts recently commented on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on Analog Devices from $134.00 to $155.00 in a research report on Wednesday, November 25th. The Goldman Sachs Group boosted their target price on Analog Devices from $156.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, December 14th. Summit Insights lowered Analog Devices from a “buy” rating to a “hold” rating in a research report on Tuesday, November 24th. Zacks Investment Research upgraded Analog Devices from a “sell” rating to a “hold” rating and set a $143.00 price target for the company in a report on Friday, November 27th. Finally, Raymond James boosted their price target on Analog Devices from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, November 25th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Analog Devices currently has an average rating of “Buy” and an average target price of $141.96.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Monday, November 23rd. The semiconductor company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.12. Analog Devices had a return on equity of 15.51% and a net margin of 21.79%. During the same quarter in the previous year, the company earned $1.19 earnings per share. On average, research analysts predict that Analog Devices, Inc. will post 5.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Friday, December 4th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Thursday, December 3rd. Analog Devices’s dividend payout ratio (DPR) is presently 50.51%.
In related news, SVP Gregory N. Henderson sold 18,234 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $137.72, for a total transaction of $2,511,186.48. Following the completion of the sale, the senior vice president now directly owns 24,060 shares in the company, valued at $3,313,543.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steve Pietkiewicz sold 1,750 shares of the business’s stock in a transaction that occurred on Wednesday, January 6th. The stock was sold at an average price of $150.85, for a total value of $263,987.50. Following the sale, the senior vice president now owns 30,312 shares of the company’s stock, valued at $4,572,565.20. The disclosure for this sale can be found here. Insiders sold 52,068 shares of company stock valued at $7,127,078 over the last 90 days. Company insiders own 0.42% of the company’s stock.
Analog Devices Profile
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.
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