Sivia Capital Partners LLC Sells 117 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Sivia Capital Partners LLC lessened its position in Analog Devices, Inc. (NASDAQ:ADI) by 9.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,093 shares of the semiconductor company’s stock after selling 117 shares during the period. Sivia Capital Partners LLC’s holdings in Analog Devices were worth $232,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in Analog Devices in the 3rd quarter worth about $28,000. Archer Investment Corp increased its holdings in Analog Devices by 101.4% during the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 73 shares during the period. Peterson Financial Group Inc. bought a new stake in shares of Analog Devices during the 3rd quarter valued at about $43,000. Reston Wealth Management LLC purchased a new position in Analog Devices during the third quarter valued at $48,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Analog Devices in the 3rd quarter worth approximately $80,000. Institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ADI. TD Cowen decreased 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 note on Wednesday, November 27th. Truist Financial upped their target price on Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a research note on Friday. Wells Fargo & Company started coverage on shares of Analog Devices in a report on Friday, November 22nd. They set an “equal weight” rating and a $220.00 target price on the stock. Piper Sandler reduced their target price 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. Finally, Morgan Stanley cut their price target 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. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $249.48.

Analog Devices Trading Up 0.3 %

Shares of Analog Devices stock traded up $0.67 during trading on Monday, reaching $213.04. 1,593,547 shares of the company were exchanged, compared to its average volume of 2,818,722. The business has a 50-day moving average price of $216.48 and a 200-day moving average price of $222.88. 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 firm has a market capitalization of $105.73 billion, a price-to-earnings ratio of 64.75, a P/E/G ratio of 2.47 and a beta of 1.05. 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 quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the firm earned $2.01 EPS. The business’s revenue was down 10.1% on a year-over-year basis. Sell-side analysts anticipate that Analog Devices, Inc. will post 7.15 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were paid a dividend of $0.92 per share. The ex-dividend date was Monday, December 9th. This represents a $3.68 annualized dividend and a yield of 1.73%. Analog Devices’s dividend payout ratio is currently 111.85%.

Insider Activity

In other Analog Devices news, EVP Gregory M. Bryant sold 20,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 21,983 shares in the company, valued at $4,744,590.89. The trade was a 31.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $11,029,300 in the last quarter. 0.31% of the stock is owned by corporate 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.