Wealthcare Advisory Partners LLC Sells 50 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Wealthcare Advisory Partners LLC lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,352 shares of the semiconductor company’s stock after selling 50 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Analog Devices were worth $925,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ADI. RDA Financial Network grew its holdings in Analog Devices by 21.1% during the 4th quarter. RDA Financial Network now owns 7,568 shares of the semiconductor company’s stock worth $1,608,000 after acquiring an additional 1,319 shares during the last quarter. Woodstock Corp grew its position in shares of Analog Devices by 0.8% during the 4th quarter. Woodstock Corp now owns 22,952 shares of the semiconductor company’s stock worth $4,876,000 after buying an additional 180 shares during the period. Empirical Asset Management LLC increased its position in Analog Devices by 13.3% in the 4th quarter. Empirical Asset Management LLC now owns 17,509 shares of the semiconductor company’s stock valued at $3,720,000 after buying an additional 2,060 shares in the last quarter. JGP Wealth Management LLC increased its stake in Analog Devices by 2.7% during the 4th quarter. JGP Wealth Management LLC now owns 78,149 shares of the semiconductor company’s stock valued at $16,604,000 after purchasing an additional 2,050 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of Analog Devices by 6.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 47,578 shares of the semiconductor company’s stock worth $10,108,000 after purchasing an additional 2,894 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of research reports. Barclays lowered 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 report on Friday. Piper Sandler reduced their target price on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Truist Financial increased their price objective on Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Morgan Stanley decreased their price target on Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company began coverage on Analog Devices in a report on Friday, November 22nd. They set an “equal weight” rating and a $220.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $248.70.

Analog Devices Trading Up 1.9 %

Shares of ADI stock opened at $219.16 on Monday. 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 12-month low of $182.57 and a 12-month high of $244.14. The stock has a market capitalization of $108.77 billion, a P/E ratio of 66.61, a P/E/G ratio of 2.43 and a beta of 1.05. The firm’s 50 day moving average is $215.64 and its 200 day moving average is $222.52.

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. The firm 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 company’s revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.01 EPS. Research analysts expect that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s dividend payout ratio (DPR) is presently 111.85%.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $215.83, for a total transaction of $2,158,300.00. Following the transaction, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,744,590.89. The trade was 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 the SEC website. Also, EVP Gregory M. Bryant sold 20,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 59,093 shares of the company’s stock, valued at approximately $13,229,149.91. The trade was a 25.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,000 shares of company stock valued at $11,029,300. 0.31% of the stock is owned by insiders.

About Analog Devices

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.