Livforsakringsbolaget Skandia Omsesidigt Lowers Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 53.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,670 shares of the semiconductor company’s stock after selling 4,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Analog Devices were worth $780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ADI. Capital Performance Advisors LLP bought a new stake in Analog Devices in the 3rd quarter valued at $28,000. Archer Investment Corp grew its position in shares of Analog Devices by 101.4% during the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 73 shares in the last quarter. Financial Life Planners bought a new stake in shares of Analog Devices in the fourth quarter worth about $33,000. Peterson Financial Group Inc. purchased a new stake in shares of Analog Devices in the third quarter worth about $43,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Analog Devices in the third quarter worth about $48,000. 86.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADI has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research note on Wednesday, November 27th. Barclays reduced their price target on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. TD Cowen lowered their price objective on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Morgan Stanley reduced their target price on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Finally, Truist Financial increased their price target 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. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.70.

Analog Devices Trading Down 1.3 %

NASDAQ ADI opened at $205.21 on Friday. The stock has a market cap of $101.81 billion, a PE ratio of 62.37, a PEG ratio of 2.43 and a beta of 1.04. Analog Devices, Inc. has a 12 month low of $182.57 and a 12 month high of $244.14. The company’s 50-day moving average price is $215.46 and its 200-day moving average price is $220.59. 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 issued its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the firm earned $2.01 EPS. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. Equities research analysts forecast that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s dividend payout ratio is 111.85%.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the transaction, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,737,116.67. This trade represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

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.