Dakota Wealth Management Buys 822 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Dakota Wealth Management lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,758 shares of the semiconductor company’s stock after acquiring an additional 822 shares during the period. Dakota Wealth Management’s holdings in Analog Devices were worth $2,335,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ADI. Amarillo National Bank increased its position in Analog Devices by 3.7% during the 4th quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock valued at $300,000 after buying an additional 54 shares in the last quarter. Keystone Financial Services increased its position in Analog Devices by 1.8% during the 4th quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock valued at $623,000 after buying an additional 55 shares in the last quarter. Ancora Advisors LLC increased its position in Analog Devices by 2.1% during the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock valued at $480,000 after buying an additional 57 shares in the last quarter. Legacy Advisors LLC increased its position in Analog Devices by 2.3% during the 3rd quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock valued at $465,000 after buying an additional 59 shares in the last quarter. Finally, MRA Advisory Group increased its position in Analog Devices by 2.5% during the 3rd quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company’s stock valued at $444,000 after buying an additional 61 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Price Performance

ADI stock opened at $191.23 on Wednesday. The business has a fifty day moving average of $193.23 and a two-hundred day moving average of $186.44. 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 stock has a market cap of $94.83 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 4.82 and a beta of 1.17. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $204.20.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.02. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The firm’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.75 earnings per share. As a group, research analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The company 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 is a positive change from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s dividend payout ratio (DPR) is currently 65.83%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Oppenheimer reissued an “outperform” rating and issued a $215.00 price objective on shares of Analog Devices in a report on Thursday, February 22nd. Truist Financial cut their price objective on Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Barclays increased their price objective on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Cantor Fitzgerald reissued a “neutral” rating and issued a $205.00 price objective on shares of Analog Devices in a report on Monday, March 4th. Finally, KeyCorp upped their target price on Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $208.17.

Insider Transactions at Analog Devices

In other news, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the transaction, the executive vice president now directly owns 5,745 shares in the company, valued at $1,134,982.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 5,713 shares of the company’s stock, valued at $1,097,524.43. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Vivek Jain sold 3,479 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the transaction, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The disclosure for this sale can be found here. Insiders sold a total of 24,707 shares of company stock worth $4,825,113 over the last ninety days. Company insiders own 0.31% of the company’s stock.

About Analog Devices

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.