Checchi Capital Advisers LLC raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Get Rating) by 6.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,966 shares of the semiconductor company’s stock after acquiring an additional 377 shares during the period. Checchi Capital Advisers LLC’s holdings in Analog Devices were worth $985,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. IronBridge Private Wealth LLC grew its holdings in shares of Analog Devices by 516.7% in the fourth quarter. IronBridge Private Wealth LLC now owns 222 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 186 shares in the last quarter. Hanson & Doremus Investment Management grew its holdings in shares of Analog Devices by 132.7% in the first quarter. Hanson & Doremus Investment Management now owns 228 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 130 shares in the last quarter. Lloyd Advisory Services LLC. grew its holdings in shares of Analog Devices by 14,400.0% in the first quarter. Lloyd Advisory Services LLC. now owns 290 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 288 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Analog Devices by 97.0% in the first quarter. JFS Wealth Advisors LLC now owns 323 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 159 shares in the last quarter. Finally, Wagner Wealth Management LLC purchased a new position in Analog Devices in the fourth quarter worth approximately $60,000. 86.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on ADI. UBS Group decreased their price target on shares of Analog Devices to $210.00 and set a “hold” rating for the company in a research note on Thursday, May 19th. Bank of America decreased their price target on shares of Analog Devices from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, June 29th. Truist Financial lifted their price target on shares of Analog Devices from $194.00 to $203.00 and gave the stock a “buy” rating in a research note on Thursday, May 19th. Sanford C. Bernstein lifted their price target on shares of Analog Devices to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 19th. Finally, The Goldman Sachs Group reduced their price objective on shares of Analog Devices from $185.00 to $167.00 in a research report on Friday, July 15th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $195.79.
Insider Buying and Selling at Analog Devices
Analog Devices Price Performance
Analog Devices stock opened at $177.25 on Friday. Analog Devices, Inc. has a 52 week low of $138.50 and a 52 week high of $191.95. The company has a quick ratio of 1.53, a current ratio of 1.99 and a debt-to-equity ratio of 0.17. The firm’s 50-day simple moving average is $157.13 and its 200 day simple moving average is $158.67. The firm has a market capitalization of $92.14 billion, a PE ratio of 50.21, a P/E/G ratio of 1.56 and a beta of 1.13.
Analog Devices (NASDAQ:ADI – Get Rating) last released its quarterly earnings data on Wednesday, May 18th. The semiconductor company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.12 by $0.28. Analog Devices had a net margin of 16.84% and a return on equity of 12.11%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the firm earned $1.54 EPS. The business’s revenue for the quarter was up 78.9% compared to the same quarter last year. On average, equities research analysts predict that Analog Devices, Inc. will post 9.23 EPS for the current fiscal year.
Analog Devices Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 9th. Shareholders of record on Tuesday, May 31st were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $3.04 dividend on an annualized basis and a yield of 1.72%. Analog Devices’s dividend payout ratio (DPR) is 86.12%.
About Analog Devices
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 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.
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