Kestra Private Wealth Services LLC Increases Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Kestra Private Wealth Services LLC increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 3.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 43,558 shares of the semiconductor company’s stock after buying an additional 1,419 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Analog Devices were worth $9,254,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ADI. Quotient Wealth Partners LLC grew its holdings in Analog Devices by 12.0% during the fourth quarter. Quotient Wealth Partners LLC now owns 2,215 shares of the semiconductor company’s stock valued at $471,000 after purchasing an additional 238 shares during the period. Birch Hill Investment Advisors LLC lifted its position in shares of Analog Devices by 21.3% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 21,653 shares of the semiconductor company’s stock valued at $4,600,000 after buying an additional 3,795 shares during the last quarter. Thompson Investment Management Inc. increased its holdings in Analog Devices by 2.4% in the 4th quarter. Thompson Investment Management Inc. now owns 15,890 shares of the semiconductor company’s stock worth $3,376,000 after acquiring an additional 375 shares during the last quarter. Empowered Funds LLC raised its stake in Analog Devices by 74.0% in the 4th quarter. Empowered Funds LLC now owns 43,327 shares of the semiconductor company’s stock valued at $9,205,000 after acquiring an additional 18,422 shares during the period. Finally, Apollon Wealth Management LLC lifted its holdings in Analog Devices by 35.9% during the fourth quarter. Apollon Wealth Management LLC now owns 16,812 shares of the semiconductor company’s stock valued at $3,572,000 after purchasing an additional 4,444 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total value of $2,154,900.00. Following the completion of the sale, the chief executive officer now owns 21,983 shares in the company, valued at approximately $4,737,116.67. This trade represents a 31.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on ADI shares. Wells Fargo & Company began coverage on shares of Analog Devices in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target on the stock. TD Cowen dropped their target price on Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Barclays reduced their price target on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Piper Sandler dropped their price objective on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Finally, Morgan Stanley reduced their target price on Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. 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, the company has an average rating of “Moderate Buy” and a consensus target price of $248.70.

Analog Devices Stock Performance

Analog Devices stock opened at $205.21 on Monday. The firm has a fifty day simple moving average of $215.21 and a two-hundred day simple moving average of $220.28. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $244.14. The company has a market capitalization of $101.81 billion, a PE ratio of 62.37, a P/E/G ratio of 2.38 and a beta of 1.04. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. Analog Devices’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.01 EPS. Research analysts expect that Analog Devices, Inc. will post 7.09 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a yield of 1.79%. Analog Devices’s dividend payout ratio is currently 111.85%.

Analog Devices 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.