Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC increased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 38.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,441 shares of the semiconductor company’s stock after buying an additional 1,244 shares during the period. CWA Asset Management Group LLC’s holdings in Analog Devices were worth $944,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ADI. Capital Performance Advisors LLP bought a new position in shares of Analog Devices during the third quarter valued at approximately $28,000. Archer Investment Corp grew its stake in Analog Devices by 101.4% during the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock worth $33,000 after buying an additional 73 shares during the last quarter. Trifecta Capital Advisors LLC increased its position in Analog Devices by 544.8% in the second quarter. Trifecta Capital Advisors LLC now owns 187 shares of the semiconductor company’s stock worth $43,000 after buying an additional 158 shares during the period. Peterson Financial Group Inc. bought a new stake in Analog Devices in the third quarter valued at $43,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Analog Devices during the third quarter valued at $48,000. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

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

Analog Devices Price Performance

ADI stock opened at $215.87 on Wednesday. Analog Devices, Inc. has a one year low of $182.57 and a one year high of $244.14. The firm has a 50-day moving average of $216.99 and a two-hundred day moving average of $223.12. The firm has a market capitalization of $107.14 billion, a PE ratio of 65.61, a P/E/G ratio of 2.47 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 issued its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 EPS 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 business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm earned $2.01 EPS. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. On average, analysts forecast that Analog Devices, Inc. will post 7.15 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently declared 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. This represents a $3.68 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s payout ratio is 111.85%.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of analyst reports. TD Cowen dropped their price objective on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Piper Sandler dropped their price target on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company initiated coverage on Analog Devices in a research report on Friday, November 22nd. They set an “equal weight” rating and a $220.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a research report on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average target price of $249.33.

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.