Relyea Zuckerberg Hanson LLC Increases Stake in Analog Devices, Inc. (NASDAQ:ADI)

Relyea Zuckerberg Hanson LLC raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,406 shares of the semiconductor company’s stock after buying an additional 58 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Analog Devices were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Saxon Interests Inc. boosted its position in shares of Analog Devices by 12.7% during the 4th quarter. Saxon Interests Inc. now owns 5,280 shares of the semiconductor company’s stock valued at $1,122,000 after acquiring an additional 593 shares during the last quarter. RDA Financial Network boosted its position in shares of Analog Devices by 21.1% during the 4th quarter. RDA Financial Network now owns 7,568 shares of the semiconductor company’s stock valued at $1,608,000 after acquiring an additional 1,319 shares during the last quarter. Woodstock Corp boosted its position in shares of Analog Devices by 0.8% during the 4th quarter. Woodstock Corp now owns 22,952 shares of the semiconductor company’s stock valued at $4,876,000 after acquiring an additional 180 shares during the last quarter. Empirical Asset Management LLC boosted its position in shares of Analog Devices by 13.3% during the 4th quarter. Empirical Asset Management LLC now owns 17,509 shares of the semiconductor company’s stock valued at $3,720,000 after acquiring an additional 2,060 shares during the last quarter. Finally, JGP Wealth Management LLC boosted its position in shares of Analog Devices by 2.7% during the 4th quarter. JGP Wealth Management LLC now owns 78,149 shares of the semiconductor company’s stock valued at $16,604,000 after acquiring an additional 2,050 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $219.16 on Friday. The firm has a market cap of $108.74 billion, a P/E ratio of 66.61, a P/E/G ratio of 2.43 and a beta of 1.05. 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. The stock’s fifty day moving average price is $215.78 and its 200-day moving average price is $222.60.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.64 by $0.03. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.01 earnings per share. On average, equities research analysts expect that Analog Devices, Inc. will post 7.09 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were paid a dividend of $0.92 per share. The ex-dividend date was Monday, December 9th. This represents a $3.68 annualized dividend and a dividend yield of 1.68%. Analog Devices’s dividend payout ratio is currently 111.85%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ADI. Morgan Stanley lowered their target price on Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. TD Cowen lowered their price target on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Truist Financial raised 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. Finally, Barclays lowered their price target on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $247.57.

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $2,238,700.00. Following the transaction, the chief executive officer now owns 21,983 shares in the company, valued at $4,921,334.21. The trade was a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total value of $4,477,400.00. Following the completion of the transaction, the executive vice president now owns 59,093 shares in the company, valued at $13,229,149.91. This trade represents a 25.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,000 shares of company stock worth $11,029,300. Company insiders own 0.31% of the company’s stock.

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.