Coldstream Capital Management Inc. Buys 468 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Coldstream Capital Management Inc. raised its stake in Analog Devices, Inc. (NASDAQ:ADI) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,580 shares of the semiconductor company’s stock after purchasing an additional 468 shares during the period. Coldstream Capital Management Inc.’s holdings in Analog Devices were worth $6,798,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in Analog Devices by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 10,364,446 shares of the semiconductor company’s stock valued at $2,377,094,000 after buying an additional 135,838 shares during the last quarter. Brophy Wealth Management LLC acquired a new position in shares of Analog Devices in the third quarter valued at approximately $276,000. Vestcor Inc increased its stake in shares of Analog Devices by 4.4% during the third quarter. Vestcor Inc now owns 9,762 shares of the semiconductor company’s stock worth $2,247,000 after purchasing an additional 408 shares during the period. Executive Wealth Management LLC bought a new stake in Analog Devices in the 3rd quarter valued at $12,261,000. Finally, LRI Investments LLC boosted its position in shares of Analog Devices by 4,576.9% in the third quarter. LRI Investments LLC now owns 3,648 shares of the semiconductor company’s stock valued at $774,000 after acquiring an additional 3,570 shares during the period. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Up 0.8 %

NASDAQ:ADI opened at $219.04 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35. Analog Devices, Inc. has a one year low of $181.80 and a one year high of $244.14. The firm’s 50 day simple moving average is $222.95 and its 200 day simple moving average is $225.88. The company has a market cap of $108.71 billion, a PE ratio of 66.58, a P/E/G ratio of 2.48 and a beta of 1.05.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business earned $2.01 EPS. The company’s revenue was down 10.1% compared to the same quarter last year. On average, research analysts anticipate that Analog Devices, Inc. will post 7.15 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a yield of 1.68%. Analog Devices’s payout ratio is currently 111.85%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ADI. Truist Financial dropped their price objective on shares of Analog Devices from $233.00 to $227.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. TD Cowen dropped their price target on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Bank of America reduced their price target on Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Morgan Stanley dropped their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Finally, Piper Sandler reduced their target price on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $249.33.

Insider Transactions at Analog Devices

In other Analog Devices news, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total value of $6,723,000.00. Following the completion of the sale, the executive vice president now directly owns 109,093 shares in the company, valued at approximately $24,447,741.30. The trade was a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the transaction, the chief executive officer now owns 21,983 shares in the company, 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 100,000 shares of company stock valued at $22,596,300. Corporate insiders own 0.31% of the company’s stock.

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.