Sagespring Wealth Partners LLC Acquires 2,309 Shares of Analog Devices, Inc. $ADI

Sagespring Wealth Partners LLC increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 20.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,450 shares of the semiconductor company’s stock after acquiring an additional 2,309 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Analog Devices were worth $3,305,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 529 shares in the last quarter. Sivia Capital Partners LLC increased its position in Analog Devices by 36.0% in the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after purchasing an additional 464 shares during the period. Perigon Wealth Management LLC grew its position in shares of Analog Devices by 12.7% during the 2nd quarter. Perigon Wealth Management LLC now owns 3,712 shares of the semiconductor company’s stock worth $884,000 after buying an additional 419 shares during the period. Novem Group grew its holdings in Analog Devices by 13.6% during the 2nd quarter. Novem Group now owns 1,210 shares of the semiconductor company’s stock worth $288,000 after acquiring an additional 145 shares during the period. Finally, Patton Fund Management Inc. bought a new stake in Analog Devices in the second quarter valued at about $269,000. Institutional investors own 86.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ADI shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $270.00 price objective on shares of Analog Devices in a report on Wednesday, November 26th. Weiss Ratings lowered Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. Robert W. Baird increased their price target on shares of Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Citigroup raised their target price on shares of Analog Devices from $290.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Bank of America lifted their price objective on shares of Analog Devices from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $312.04.

Check Out Our Latest Stock Analysis on Analog Devices

Key Stories Impacting Analog Devices

Here are the key news stories impacting Analog Devices this week:

Insider Transactions at Analog Devices

In related news, SVP Katsufumi Nakamura sold 500 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $301.46, for a total transaction of $150,730.00. Following the sale, the senior vice president directly owned 12,710 shares in the company, valued at approximately $3,831,556.60. This represents a 3.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $275.07, for a total value of $2,750,700.00. Following the transaction, the chief executive officer directly owned 155,688 shares of the company’s stock, valued at $42,825,098.16. The trade was a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 53,544 shares of company stock worth $14,328,561. Company insiders own 0.33% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $305.60 on Monday. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $313.54. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $275.97 and a 200 day simple moving average of $252.16. The company has a market capitalization of $149.64 billion, a PE ratio of 67.02, a P/E/G ratio of 1.65 and a beta of 1.03.

Analog Devices (NASDAQ:ADIGet Free Report) last posted its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The business’s revenue was up 25.9% compared to the same quarter last year. On average, sell-side analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is presently 86.84%.

Analog Devices Company Profile

(Free Report)

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

Further Reading

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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