Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management cut its stake in Analog Devices, Inc. (NASDAQ:ADI) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,151 shares of the semiconductor company’s stock after selling 66 shares during the period. Analog Devices accounts for 1.2% of Eads & Heald Wealth Management’s portfolio, making the stock its 27th largest position. Eads & Heald Wealth Management’s holdings in Analog Devices were worth $2,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of ADI. Thrivent Financial for Lutherans lifted its holdings in shares of Analog Devices by 9.8% in the second quarter. Thrivent Financial for Lutherans now owns 24,754 shares of the semiconductor company’s stock valued at $5,651,000 after buying an additional 2,216 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Analog Devices by 15.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,672 shares of the semiconductor company’s stock valued at $387,000 after acquiring an additional 223 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Analog Devices by 68.2% in the second quarter. Public Sector Pension Investment Board now owns 19,012 shares of the semiconductor company’s stock worth $4,340,000 after buying an additional 7,710 shares during the period. Evergreen Capital Management LLC grew its position in Analog Devices by 13.8% during the second quarter. Evergreen Capital Management LLC now owns 4,570 shares of the semiconductor company’s stock valued at $1,043,000 after purchasing an additional 553 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Analog Devices by 5.1% in the 2nd quarter. Bank of Montreal Can now owns 697,961 shares of the semiconductor company’s stock worth $159,317,000 after purchasing an additional 34,144 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the completion of the sale, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,921,334.21. This trade represents a 31.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gregory M. Bryant sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $4,477,400.00. Following the transaction, the executive vice president now directly owns 59,093 shares in the company, valued at $13,229,149.91. The trade was a 25.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $11,029,300 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Analog Devices Price Performance

Shares of ADI opened at $221.45 on Wednesday. The stock’s 50-day moving average price is $215.62 and its two-hundred day moving average price is $222.39. Analog Devices, Inc. has a 1 year low of $182.57 and a 1 year high of $244.14. The stock has a market cap of $109.87 billion, a P/E ratio of 67.31, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $2.01 earnings per share. On average, equities analysts predict that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s dividend payout ratio is presently 111.85%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ADI shares. Barclays lowered their price objective on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Truist Financial lifted their target price on shares of Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Cantor Fitzgerald restated a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a report on Tuesday, October 8th. Finally, TD Cowen cut their price objective on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and an average price target of $248.70.

Analog Devices Company 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.