Private Wealth Partners LLC Raises Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Private Wealth Partners LLC grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,179 shares of the semiconductor company’s stock after purchasing an additional 170 shares during the period. Private Wealth Partners LLC’s holdings in Analog Devices were worth $5,595,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. lifted its holdings in shares of Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 65 shares during the last quarter. Silver Oak Securities Incorporated bought a new position in shares of Analog Devices in the 3rd quarter valued at about $29,000. Cetera Trust Company N.A bought a new position in shares of Analog Devices in the 4th quarter valued at about $29,000. Northwest Capital Management Inc lifted its holdings in shares of Analog Devices by 519.2% in the 4th quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 135 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new position in shares of Analog Devices in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 2.0 %

ADI stock traded up $4.03 during trading on Friday, hitting $201.97. 3,136,261 shares of the company’s stock traded hands, compared to its average volume of 3,090,032. The firm has a market capitalization of $100.16 billion, a P/E ratio of 36.13, a PEG ratio of 5.07 and a beta of 1.17. The business has a fifty day simple moving average of $193.45 and a two-hundred day simple moving average of $187.36. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $204.20.

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

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.82%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio (DPR) is presently 65.83%.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices 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 transaction, 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 is accessible through this link. In other Analog Devices news, Director James Champy sold 1,228 shares of Analog Devices 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 transaction, the director now directly owns 6,371 shares of the company’s stock, valued at $1,259,164.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices 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 completion of the transaction, the chief executive officer now directly owns 5,713 shares in the company, valued at $1,097,524.43. The disclosure for this sale can be found here. Insiders have sold a total of 24,707 shares of company stock valued at $4,825,113 over the last ninety days. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ADI shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $205.00 price target on shares of Analog Devices in a report on Monday, March 4th. Wolfe Research raised shares of Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price objective for the company in a research note on Thursday, January 18th. Truist Financial decreased their price objective on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Barclays raised their price objective on shares of Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Finally, KeyCorp raised their price objective on shares of Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $208.17.

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.