188 Shares in Analog Devices, Inc. (NASDAQ:ADI) Acquired by Peterson Financial Group Inc.

Peterson Financial Group Inc. purchased a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 188 shares of the semiconductor company’s stock, valued at approximately $43,000.

A number of other hedge funds have also recently added to or reduced their stakes in ADI. Nwam LLC raised its holdings in shares of Analog Devices by 37.9% in the 1st quarter. Nwam LLC now owns 1,448 shares of the semiconductor company’s stock worth $292,000 after acquiring an additional 398 shares during the last quarter. Banco Santander S.A. bought a new stake in Analog Devices during the 1st quarter worth approximately $435,000. TIAA Trust National Association raised its stake in shares of Analog Devices by 1.7% in the first quarter. TIAA Trust National Association now owns 21,866 shares of the semiconductor company’s stock worth $4,325,000 after purchasing an additional 360 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Analog Devices in the first quarter valued at approximately $469,000. Finally, Catalytic Wealth RIA LLC boosted its position in shares of Analog Devices by 20.6% during the first quarter. Catalytic Wealth RIA LLC now owns 1,869 shares of the semiconductor company’s stock valued at $370,000 after buying an additional 319 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Activity

In related news, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total transaction of $6,723,000.00. Following the completion of the sale, the executive vice president now owns 109,093 shares of the company’s stock, valued at approximately $24,447,741.30. This trade represents a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $2,238,700.00. Following the completion of the transaction, the chief executive officer now owns 21,983 shares in the company, valued at $4,921,334.21. This represents a 31.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,495 shares of company stock worth $25,229,958. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Oppenheimer restated an “outperform” rating and set a $245.00 price objective on shares of Analog Devices in a research note on Thursday, August 22nd. Morgan Stanley raised their price target on shares of Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Truist Financial downgraded shares of Analog Devices from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $266.00 to $233.00 in a research report on Monday, September 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $250.00 target price on shares of Analog Devices in a research report on Tuesday, October 8th. Finally, Bank of America reduced their target price on Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $249.80.

Analog Devices Stock Down 2.8 %

ADI opened at $206.35 on Friday. Analog Devices, Inc. has a 12 month low of $178.66 and a 12 month high of $244.14. The company has a market cap of $102.45 billion, a PE ratio of 61.97, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $225.88 and a 200 day moving average of $225.12.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company earned $2.49 earnings per share. The business’s revenue for the quarter was down 24.8% on a year-over-year basis. On average, sell-side analysts expect that Analog Devices, Inc. will post 6.34 EPS for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Tuesday, September 3rd. Analog Devices’s payout ratio is 110.51%.

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.