Analog Devices, Inc. (NASDAQ:ADI) Stock Position Boosted by Brown Advisory Inc.

Brown Advisory Inc. boosted its stake in Analog Devices, Inc. (NASDAQ:ADIFree Report) by 17.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,080,295 shares of the semiconductor company’s stock after acquiring an additional 457,118 shares during the quarter. Analog Devices comprises 0.9% of Brown Advisory Inc.’s holdings, making the stock its 27th biggest position. Brown Advisory Inc.’s holdings in Analog Devices were worth $611,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADI. Pinnacle Bancorp Inc. lifted 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 acquiring an additional 65 shares during the last quarter. USA Financial Formulas lifted its holdings in Analog Devices by 87.8% in the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 65 shares during the last quarter. Cetera Trust Company N.A acquired a new stake in Analog Devices in the 4th quarter valued at about $29,000. Private Wealth Management Group LLC acquired a new stake in Analog Devices in the 4th quarter valued at about $29,000. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in Analog Devices in the 4th quarter valued at about $32,000. Institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ADI shares. The Goldman Sachs Group upped their price target on shares of Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Evercore ISI began coverage on shares of Analog Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price objective for the company. Truist Financial reduced their price objective on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Oppenheimer upped their price objective on shares of Analog Devices from $215.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, KeyCorp increased 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. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.63.

Get Our Latest Research Report on ADI

Insider Activity

In other news, Director James Champy sold 1,228 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 6,371 shares in the company, valued at $1,259,164.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $197.40, for a total value of $1,974,000.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at $10,075,098.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $242,701.92. Following the completion of the sale, 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. Over the last ninety days, insiders sold 24,707 shares of company stock worth $4,874,613. 0.31% of the stock is owned by corporate insiders.

Analog Devices Price Performance

Shares of NASDAQ ADI traded down $0.04 during midday trading on Friday, reaching $214.08. 2,373,820 shares of the company traded hands, compared to its average volume of 3,174,321. The firm has a market cap of $106.16 billion, a PE ratio of 38.30, a PEG ratio of 5.38 and a beta of 1.14. The stock’s 50-day simple moving average is $197.55 and its 200-day simple moving average is $191.47. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $216.00. 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:ADIGet Free Report) last issued 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 company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the business earned $2.75 earnings per share. The business’s revenue was down 22.7% on a year-over-year basis. As a group, equities analysts anticipate that Analog Devices, Inc. will post 5.85 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a $0.92 dividend. The ex-dividend date of this dividend 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 dividend yield of 1.72%. Analog Devices’s dividend payout ratio (DPR) is 65.83%.

About Analog Devices

(Free Report)

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.

See Also

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

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