Callan Capital LLC Grows Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Callan Capital LLC grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,803 shares of the semiconductor company’s stock after purchasing an additional 97 shares during the period. Callan Capital LLC’s holdings in Analog Devices were worth $358,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinnacle Bancorp Inc. grew its holdings in Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 65 shares during the period. Silver Oak Securities Incorporated acquired a new position in Analog Devices during the third quarter worth approximately $29,000. Cetera Trust Company N.A acquired a new position in Analog Devices during the fourth quarter worth approximately $29,000. Northwest Capital Management Inc raised its stake in Analog Devices by 519.2% during the fourth quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 135 shares during the period. Finally, CGC Financial Services LLC acquired a new position in shares of Analog Devices in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded up $4.03 during trading on Friday, reaching $201.97. The stock had a trading volume of 3,136,251 shares, compared to its average volume of 3,394,093. The firm’s 50 day moving average price is $193.45 and its two-hundred day moving average price is $187.28. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $204.20. The stock has a market cap of $100.16 billion, a PE ratio of 36.13, a P/E/G ratio of 4.93 and a beta of 1.17. 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 (NASDAQ:ADI) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the company earned $2.75 earnings per share. The firm’s revenue was down 22.7% compared to the same quarter last year. On average, research analysts forecast that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.82%. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s dividend payout ratio is presently 65.83%.

Analyst Ratings Changes

Several research analysts recently weighed in on ADI shares. Barclays increased their target price on Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Sanford C. Bernstein lowered shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective for the company. in a research report on Thursday, January 4th. Truist Financial cut their target price on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. KeyCorp upped their price target on shares of Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $212.00 price objective on shares of Analog Devices in a research report on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $208.17.

Insider Buying and Selling

In related news, Director James Champy sold 1,228 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the transaction, the director now directly owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Analog Devices news, 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 value of $1,974,000.00. Following the sale, the chief executive officer now owns 51,039 shares in the company, valued at $10,075,098.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Champy sold 1,228 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the transaction, the director now owns 6,371 shares of the company’s stock, valued at $1,259,164.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,707 shares of company stock valued at $4,825,113. Insiders own 0.31% of the company’s stock.

Analog Devices 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.