Analog Devices, Inc. (NASDAQ:ADI) is Knowledge Leaders Capital LLC’s 8th Largest Position

Knowledge Leaders Capital LLC trimmed its stake in Analog Devices, Inc. (NASDAQ:ADI) by 3.1% in the 4th quarter, HoldingsChannel reports. The firm owned 8,596 shares of the semiconductor company’s stock after selling 276 shares during the quarter. Analog Devices accounts for 2.7% of Knowledge Leaders Capital LLC’s portfolio, making the stock its 8th biggest position. Knowledge Leaders Capital LLC’s holdings in Analog Devices were worth $1,707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Callan Capital LLC lifted its position in shares of Analog Devices by 5.7% in the 4th quarter. Callan Capital LLC now owns 1,803 shares of the semiconductor company’s stock worth $358,000 after purchasing an additional 97 shares during the period. Syon Capital LLC lifted its position in shares of Analog Devices by 101.2% in the 4th quarter. Syon Capital LLC now owns 5,718 shares of the semiconductor company’s stock worth $1,135,000 after purchasing an additional 2,876 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in Analog Devices by 2.4% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,863 shares of the semiconductor company’s stock valued at $2,157,000 after acquiring an additional 251 shares during the period. Atria Wealth Solutions Inc. lifted its position in Analog Devices by 9.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 15,838 shares of the semiconductor company’s stock valued at $3,145,000 after acquiring an additional 1,418 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its position in Analog Devices by 8.9% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 4,847 shares of the semiconductor company’s stock valued at $962,000 after acquiring an additional 397 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

Shares of ADI stock traded up $4.03 during trading hours on Friday, reaching $201.97. The company had a trading volume of 3,136,261 shares, compared to its average volume of 3,090,032. The business has a fifty day moving average price of $193.45 and a 200-day moving average price of $187.28. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $204.20. The firm has a market cap of $100.16 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 4.97 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $2.75 earnings per share. The business’s revenue for the quarter was down 22.7% on a year-over-year basis. Sell-side analysts predict that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a $0.92 dividend. The ex-dividend date of this dividend was Monday, March 4th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.82%. Analog Devices’s payout ratio is currently 65.83%.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now directly owns 5,713 shares of the company’s stock, valued at $1,097,524.43. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director James Champy sold 1,228 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now directly owns 6,371 shares of the company’s stock, valued at $1,259,164.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the transaction, the chief executive officer now owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,707 shares of company stock worth $4,825,113. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

ADI has been the subject of a number of recent research reports. Evercore ISI initiated coverage on shares of Analog Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price target for the company. Barclays lifted their price target on shares of Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Oppenheimer reissued an “outperform” rating and set a $215.00 price target on shares of Analog Devices in a research report on Thursday, February 22nd. Truist Financial lowered their price target on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Finally, The Goldman Sachs Group lifted their price target on shares of Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and an average price target of $208.17.

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.