Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 20.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,075 shares of the semiconductor company’s stock after purchasing an additional 1,029 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Analog Devices were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of Analog Devices by 67.7% during the fourth quarter. Wellington Management Group LLP now owns 72,698 shares of the semiconductor company’s stock valued at $15,445,000 after acquiring an additional 29,349 shares during the period. O Shaughnessy Asset Management LLC grew its position in Analog Devices by 11.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 46,339 shares of the semiconductor company’s stock worth $9,845,000 after purchasing an additional 4,596 shares during the last quarter. United Bank increased its stake in shares of Analog Devices by 19.9% in the fourth quarter. United Bank now owns 7,263 shares of the semiconductor company’s stock valued at $1,543,000 after purchasing an additional 1,207 shares during the period. Physician Wealth Advisors Inc. bought a new stake in shares of Analog Devices during the fourth quarter valued at approximately $48,000. Finally, RWA Wealth Partners LLC grew its holdings in Analog Devices by 19.5% in the 4th quarter. RWA Wealth Partners LLC now owns 14,808 shares of the semiconductor company’s stock worth $3,146,000 after buying an additional 2,421 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total transaction of $836,760.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares of the company’s stock, valued at $10,441,928.04. The trade was a 7.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vivek Jain sold 12,684 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $210.00, for a total value of $2,663,640.00. Following the completion of the sale, the executive vice president now directly owns 43,175 shares in the company, valued at approximately $9,066,750. This represents a 22.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,684 shares of company stock valued at $7,746,500. Insiders own 0.33% of the company’s stock.

Analog Devices Trading Down 3.5 %

Analog Devices stock opened at $201.56 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12 month low of $182.57 and a 12 month high of $247.10. The company’s fifty day simple moving average is $216.51 and its 200-day simple moving average is $219.49. The stock has a market cap of $99.97 billion, a P/E ratio of 64.19, a P/E/G ratio of 2.85 and a beta of 1.07.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.09. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company earned $1.73 EPS. The firm’s revenue was down 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices declared that its Board of Directors has approved a share repurchase program on Tuesday, February 18th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from Analog Devices’s previous quarterly dividend of $0.92. Analog Devices’s dividend payout ratio (DPR) is currently 126.11%.

Wall Street Analysts Forecast Growth

ADI has been the subject of several recent analyst reports. UBS Group increased their price target on Analog Devices from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Lake Street Capital began coverage on Analog Devices in a report on Friday, February 14th. They set a “buy” rating on the stock. Truist Financial increased their price target on Analog Devices from $230.00 to $248.00 and gave the company a “hold” rating in a research note on Thursday, February 20th. Benchmark boosted their price objective on Analog Devices from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Finally, Williams Trading set a $245.00 target price on Analog Devices in a report on Friday, February 14th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $255.41.

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.