Great Lakes Retirement Inc. Has $2.50 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Great Lakes Retirement Inc. decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 2.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,784 shares of the semiconductor company’s stock after selling 261 shares during the period. Great Lakes Retirement Inc.’s holdings in Analog Devices were worth $2,504,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in ADI. Gladstone Institutional Advisory LLC grew its stake in Analog Devices by 1.7% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 8,845 shares of the semiconductor company’s stock valued at $1,879,000 after buying an additional 145 shares during the last quarter. Community Financial Services Group LLC increased its holdings in Analog Devices by 11.1% in the 4th quarter. Community Financial Services Group LLC now owns 8,452 shares of the semiconductor company’s stock worth $1,796,000 after purchasing an additional 847 shares in the last quarter. Sage Private Wealth Group LLC raised its stake in shares of Analog Devices by 10.3% during the fourth quarter. Sage Private Wealth Group LLC now owns 1,591 shares of the semiconductor company’s stock valued at $338,000 after acquiring an additional 148 shares during the last quarter. L. Roy Papp & Associates LLP boosted its stake in shares of Analog Devices by 1.3% in the 4th quarter. L. Roy Papp & Associates LLP now owns 36,805 shares of the semiconductor company’s stock valued at $7,820,000 after purchasing an additional 480 shares during the last quarter. Finally, Portfolio Design Labs LLC grew its stake in Analog Devices by 33.9% during the fourth quarter. Portfolio Design Labs LLC now owns 11,118 shares of the semiconductor company’s stock worth $2,362,000 after purchasing an additional 2,817 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ADI. Truist Financial raised their price target on shares of Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Piper Sandler cut their target price on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Wednesday, November 27th. Wells Fargo & Company began coverage on shares of Analog Devices in a research report on Friday, November 22nd. They set an “equal weight” rating and a $220.00 price objective on the stock. Finally, TD Cowen reduced their target price on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $248.70.

Analog Devices Price Performance

ADI stock opened at $203.46 on Wednesday. The company has a market capitalization of $100.94 billion, a P/E ratio of 61.84, a PEG ratio of 2.38 and a beta of 1.04. The business has a 50 day simple moving average of $214.84 and a 200-day simple moving average of $220.14. 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, Inc. has a twelve month low of $182.57 and a twelve month high of $244.14.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. The company had revenue of $2.44 billion for 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%. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.01 EPS. As a group, equities analysts anticipate that Analog Devices, Inc. will post 7.09 EPS for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were given 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 1.81%. Analog Devices’s dividend payout ratio (DPR) is currently 111.85%.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $4,737,116.67. This represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.33% of the company’s stock.

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.