Stuart Chaussee & Associates Inc. Takes $32,000 Position in Analog Devices, Inc. (NASDAQ:ADI)

Stuart Chaussee & Associates Inc. acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 160 shares of the semiconductor company’s stock, valued at approximately $32,000.

Other institutional investors have also recently modified their holdings of the company. CTC Alternative Strategies Ltd. bought a new position in shares of Analog Devices during the 4th quarter valued at about $1,152,000. Sequoia Financial Advisors LLC grew its position in Analog Devices by 107.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 12,667 shares of the semiconductor company’s stock worth $2,515,000 after acquiring an additional 6,564 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in Analog Devices by 37.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 8,118 shares of the semiconductor company’s stock worth $1,612,000 after acquiring an additional 2,215 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Analog Devices by 4.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 100,451 shares of the semiconductor company’s stock worth $19,946,000 after acquiring an additional 4,516 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Analog Devices by 31.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 373,625 shares of the semiconductor company’s stock worth $74,187,000 after acquiring an additional 89,504 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction on Thursday, March 21st. The stock was 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 owns 6,371 shares of the company’s stock, valued at $1,259,164.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, 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 value of $1,921,100.00. Following the completion of the sale, the chief executive officer now owns 5,713 shares of the company’s stock, valued at $1,097,524.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction on Thursday, March 21st. The stock was 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 approximately $1,259,164.44. The disclosure for this sale can be found here. Insiders sold 24,707 shares of company stock valued at $4,825,113 over the last 90 days. Company insiders own 0.31% of the company’s stock.

Analog Devices Stock Up 2.0 %

Shares of Analog Devices stock traded up $4.03 on Friday, reaching $201.97. The company’s stock had a trading volume of 3,136,261 shares, compared to its average volume of 3,090,032. The company has a market capitalization of $100.16 billion, a price-to-earnings ratio of 36.13, a P/E/G ratio of 5.07 and a beta of 1.17. The firm’s fifty day simple moving average is $193.45 and its two-hundred day simple moving average is $187.36. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $204.20. 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 (NASDAQ:ADI) last posted its 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. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The company’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.75 EPS. Equities analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ADI shares. Wolfe Research upgraded Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price target on the stock in a research report on Thursday, January 18th. Barclays raised their price target on Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Truist Financial reduced their price target on Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. Oppenheimer restated an “outperform” rating and set a $215.00 price target on shares of Analog Devices in a research report on Thursday, February 22nd. Finally, Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target on the stock. in a research report on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus 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.