Northcape Wealth Management LLC Has $3.11 Million Stake in Analog Devices, Inc. (NASDAQ:ADI)

Northcape Wealth Management LLC reduced its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,639 shares of the semiconductor company’s stock after selling 227 shares during the period. Analog Devices accounts for about 1.1% of Northcape Wealth Management LLC’s portfolio, making the stock its 25th largest holding. Northcape Wealth Management LLC’s holdings in Analog Devices were worth $3,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADI. U.S. Capital Wealth Advisors LLC grew its stake in Analog Devices by 3.1% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 2,083 shares of the semiconductor company’s stock valued at $365,000 after purchasing an additional 62 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Analog Devices by 3.1% during the third quarter. Commonwealth Equity Services LLC now owns 292,441 shares of the semiconductor company’s stock worth $51,204,000 after buying an additional 8,914 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Analog Devices in the third quarter valued at $119,000. Foresight Global Investors Inc. boosted its position in shares of Analog Devices by 30.6% during the 3rd quarter. Foresight Global Investors Inc. now owns 8,535 shares of the semiconductor company’s stock valued at $1,494,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Vicus Capital acquired a new stake in Analog Devices during the third quarter worth approximately $217,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Down 1.6 %

Shares of NASDAQ ADI traded down $3.29 on Tuesday, reaching $200.61. 2,668,447 shares of the company’s stock traded hands, compared to its average volume of 3,372,008. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $193.76 and its two-hundred day simple moving average is $187.66. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $204.20. The company has a market cap of $99.48 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 5.07 and a beta of 1.17.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data 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. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business earned $2.75 earnings per share. The firm’s quarterly revenue was down 22.7% compared to the same quarter last year. As a group, equities research analysts forecast that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.92 per share. 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 1.83%. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s dividend payout ratio (DPR) is currently 65.83%.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now owns 5,713 shares of the company’s stock, valued at $1,097,524.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Analog Devices news, Director James Champy sold 1,228 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now owns 5,713 shares of the company’s stock, valued at $1,097,524.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,707 shares of company stock valued at $4,825,113. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ADI. Cantor Fitzgerald reiterated a “neutral” rating and set a $205.00 price target on shares of Analog Devices in a report on Monday, March 4th. Barclays upped their price target on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Wolfe Research upgraded Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price objective on the stock in a research note on Thursday, January 18th. KeyCorp lifted their target price on shares of Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Finally, Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective on the stock. in a research note on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently 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.