Citizens & Northern Corp Sells 361 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Citizens & Northern Corp lessened its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.8% in the 4th quarter, HoldingsChannel reports. The fund owned 9,078 shares of the semiconductor company’s stock after selling 361 shares during the period. Citizens & Northern Corp’s holdings in Analog Devices were worth $1,803,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. raised its stake in shares of Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 65 shares in the last quarter. USA Financial Formulas grew its position in Analog Devices by 87.8% during the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 65 shares during the last quarter. Cetera Trust Company N.A purchased a new stake in Analog Devices during the 4th quarter worth approximately $29,000. Private Wealth Management Group LLC purchased a new stake in Analog Devices during the 4th quarter worth approximately $29,000. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in Analog Devices during the 4th quarter worth approximately $32,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ ADI traded down $6.29 during mid-day trading on Thursday, reaching $233.87. The company’s stock had a trading volume of 3,582,827 shares, compared to its average volume of 3,349,446. The stock has a 50-day moving average of $199.12 and a two-hundred day moving average of $192.74. The stock has a market capitalization of $115.98 billion, a P/E ratio of 42.06, a P/E/G ratio of 5.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $241.88.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.14. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.83 earnings per share. On average, equities research analysts anticipate that Analog Devices, Inc. will post 5.85 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, June 4th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, June 4th. Analog Devices’s payout ratio is currently 65.83%.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at $10,075,098.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director James Champy sold 1,228 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the transaction, the director now owns 6,371 shares of the company’s stock, valued at $1,259,164.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at approximately $10,075,098.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,707 shares of company stock worth $4,874,613. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADI. Truist Financial boosted their target price on shares of Analog Devices from $222.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $220.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday. Jefferies Financial Group initiated coverage on shares of Analog Devices in a report on Monday, May 13th. They issued a “buy” rating and a $250.00 price objective on the stock. Stifel Nicolaus upped their price objective on shares of Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a report on Monday. Finally, Barclays upped their price objective on shares of Analog Devices from $185.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.75.

About Analog Devices

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.