Savant Capital LLC Increases Position in Analog Devices, Inc. (NASDAQ:ADI)

Savant Capital LLC boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 12.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,316 shares of the semiconductor company’s stock after acquiring an additional 997 shares during the quarter. Savant Capital LLC’s holdings in Analog Devices were worth $1,979,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in ADI. Creative Planning increased its stake in shares of Analog Devices by 4.7% in the third quarter. Creative Planning now owns 116,826 shares of the semiconductor company’s stock worth $26,890,000 after acquiring an additional 5,269 shares during the period. Swedbank AB grew its position in Analog Devices by 6.7% during the 3rd quarter. Swedbank AB now owns 2,894,109 shares of the semiconductor company’s stock worth $666,137,000 after purchasing an additional 180,870 shares during the period. SPC Financial Inc. acquired a new position in shares of Analog Devices in the 3rd quarter valued at about $544,000. Cornerstone Wealth Management LLC boosted its stake in shares of Analog Devices by 17.9% in the third quarter. Cornerstone Wealth Management LLC now owns 2,590 shares of the semiconductor company’s stock worth $596,000 after buying an additional 393 shares during the last quarter. Finally, Good Life Advisors LLC raised its position in Analog Devices by 19.3% during the third quarter. Good Life Advisors LLC now owns 2,775 shares of the semiconductor company’s stock valued at $639,000 after acquiring an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $205.13 on Thursday. The firm has a 50-day simple moving average of $214.48 and a 200-day simple moving average of $219.98. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $101.77 billion, a price-to-earnings ratio of 62.35, a price-to-earnings-growth ratio of 2.38 and a beta of 1.04. Analog Devices, Inc. has a 52 week low of $182.57 and a 52 week high of $244.14.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. Analog Devices’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.01 EPS. On average, equities analysts predict that Analog Devices, Inc. will post 7.09 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ADI shares. Piper Sandler lowered their price objective on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley dropped their price target on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Truist Financial lifted their price objective on shares of Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a report on Friday, January 10th. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company began coverage on Analog Devices in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target for the company. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $248.70.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $215.83, for a total transaction of $2,158,300.00. Following the completion of the sale, the chief executive officer now owns 21,983 shares in the company, valued at $4,744,590.89. This trade represents a 31.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by company insiders.

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.