Catalyst Financial Partners LLC Boosts Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Catalyst Financial Partners LLC lifted its position in Analog Devices, Inc. (NASDAQ:ADI) by 4.7% in the 4th quarter, HoldingsChannel reports. The firm owned 2,008 shares of the semiconductor company’s stock after purchasing an additional 91 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Analog Devices were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADI. National Pension Service lifted its holdings in Analog Devices by 2.1% in the fourth quarter. National Pension Service now owns 902,622 shares of the semiconductor company’s stock valued at $179,225,000 after acquiring an additional 18,394 shares during the period. EdgeRock Capital LLC acquired a new position in shares of Analog Devices in the 4th quarter valued at $46,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in Analog Devices during the fourth quarter worth $48,000. Centric Wealth Management boosted its stake in shares of Analog Devices by 6.1% during the 4th quarter. Centric Wealth Management now owns 12,140 shares of the semiconductor company’s stock worth $2,338,000 after acquiring an additional 693 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Analog Devices by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,554,394 shares of the semiconductor company’s stock worth $507,200,000 after purchasing an additional 35,891 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Up 0.6 %

NASDAQ:ADI traded up $1.29 during midday trading on Wednesday, reaching $204.86. The company had a trading volume of 2,464,271 shares, compared to its average volume of 3,330,833. The firm has a market capitalization of $101.59 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 5.01 and a beta of 1.14. The stock’s fifty day simple moving average is $194.85 and its 200-day simple moving average is $188.89. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $205.77. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. Analog Devices’s revenue was down 22.7% compared to the same quarter last year. During the same period last year, the business posted $2.75 earnings per share. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a $0.92 dividend. The ex-dividend date was Monday, March 4th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a yield of 1.80%. Analog Devices’s dividend payout ratio (DPR) is 65.83%.

Insider Activity at Analog Devices

In other Analog Devices news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction dated 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 sale, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Analog Devices news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction dated 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 sale, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total value of $1,970,600.00. Following the sale, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,707 shares of company stock worth $4,874,613. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Evercore ISI assumed coverage on Analog Devices in a report on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 price objective on the stock. Truist Financial dropped their price target on Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Oppenheimer restated an “outperform” rating and issued a $215.00 price target on shares of Analog Devices in a research report on Thursday, February 22nd. Morgan Stanley restated an “overweight” rating and issued a $212.00 target price on shares of Analog Devices in a report on Thursday, April 11th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $205.00 price objective on shares of Analog Devices in a research report on Monday, March 4th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.17.

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.