HM Payson & Co. lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,823 shares of the semiconductor company’s stock after purchasing an additional 87 shares during the period. HM Payson & Co.’s holdings in Analog Devices were worth $1,008,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ADI. Key Financial Inc acquired a new position in shares of Analog Devices during the fourth quarter worth $28,000. Diversified LLC acquired a new stake in Analog Devices in the fourth quarter valued at $29,000. Duncker Streett & Co. Inc. acquired a new stake in Analog Devices in the fourth quarter valued at $38,000. Catalyst Capital Advisors LLC acquired a new stake in Analog Devices in the fourth quarter valued at $38,000. Finally, Concord Wealth Partners bought a new stake in Analog Devices during the fourth quarter valued at $38,000. 91.90% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on ADI shares. Raymond James upped their price target on shares of Analog Devices from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, February 25th. Credit Suisse Group upped their price target on shares of Analog Devices from $165.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 18th. Oppenheimer reaffirmed a “buy” rating and set a $175.00 price objective on shares of Analog Devices in a research note on Thursday, February 11th. Piper Sandler upped their price objective on shares of Analog Devices from $150.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Finally, Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $172.00 price objective on the stock in a report on Monday, February 22nd. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $157.92.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, February 16th. The semiconductor company reported $1.44 earnings per share for the quarter, topping 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%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company earned $1.03 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 5.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 9th. Shareholders of record on Friday, February 26th were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, February 25th. This is a boost from Analog Devices’s previous quarterly dividend of $0.62. Analog Devices’s dividend payout ratio is presently 56.21%.
In other news, SVP Gregory N. Henderson sold 6,058 shares of the stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $162.16, for a total value of $982,365.28. Following the completion of the sale, the senior vice president now owns 11,884 shares of the company’s stock, valued at $1,927,109.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $148.34, for a total value of $1,483,400.00. Following the sale, the chief executive officer now directly owns 16,957 shares of the company’s stock, valued at approximately $2,515,401.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,958 shares of company stock valued at $10,118,958. 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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