Wilmington Savings Fund Society FSB Decreases Stake in Analog Devices, Inc. (NASDAQ:ADI)

Wilmington Savings Fund Society FSB lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,583 shares of the semiconductor company’s stock after selling 472 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Analog Devices were worth $23,919,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Analog Devices in the 3rd quarter worth $28,000. Archer Investment Corp boosted its holdings in shares of Analog Devices by 101.4% during the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 73 shares during the period. Financial Life Planners bought a new stake in shares of Analog Devices in the fourth quarter worth about $33,000. Peterson Financial Group Inc. purchased a new position in Analog Devices during the 3rd quarter valued at about $43,000. Finally, Reston Wealth Management LLC bought a new position in Analog Devices during the 3rd quarter valued at approximately $48,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of ADI opened at $205.21 on Friday. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $244.14. The company has a market capitalization of $101.81 billion, a P/E ratio of 62.37, a price-to-earnings-growth ratio of 2.43 and a beta of 1.04. The firm has a 50 day moving average of $215.46 and a 200 day moving average of $220.59. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.03. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the business earned $2.01 earnings per share. The company’s revenue was down 10.1% on a year-over-year basis. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.09 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were paid a $0.92 dividend. The ex-dividend date was Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.79%. Analog Devices’s dividend payout ratio is presently 111.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ADI shares. Morgan Stanley reduced their target price 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. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Barclays cut their target price on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company assumed coverage on shares of Analog Devices in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target for the company. Finally, Truist Financial lifted 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. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $248.70.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the completion of the sale, the chief executive officer now owns 21,983 shares in the company, valued at approximately $4,737,116.67. This represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by corporate 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.