325 Shares in Analog Devices, Inc. (NASDAQ:ADI) Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. bought a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 325 shares of the semiconductor company’s stock, valued at approximately $69,000.

Other large investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC boosted its position in shares of Analog Devices by 3.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 43,558 shares of the semiconductor company’s stock valued at $9,254,000 after acquiring an additional 1,419 shares during the last quarter. Quotient Wealth Partners LLC raised its stake in Analog Devices by 12.0% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,215 shares of the semiconductor company’s stock valued at $471,000 after purchasing an additional 238 shares in the last quarter. Birch Hill Investment Advisors LLC lifted its position in Analog Devices by 21.3% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 21,653 shares of the semiconductor company’s stock valued at $4,600,000 after purchasing an additional 3,795 shares during the last quarter. Thompson Investment Management Inc. grew its stake in Analog Devices by 2.4% in the 4th quarter. Thompson Investment Management Inc. now owns 15,890 shares of the semiconductor company’s stock worth $3,376,000 after buying an additional 375 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Analog Devices by 74.0% in the 4th quarter. Empowered Funds LLC now owns 43,327 shares of the semiconductor company’s stock worth $9,205,000 after buying an additional 18,422 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $215.83, for a total value of $2,158,300.00. Following the sale, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at $4,744,590.89. This represents a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ADI shares. TD Cowen cut their target price 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. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Morgan Stanley decreased their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Piper Sandler dropped their target price on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Finally, Truist Financial increased their price target on shares of 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 issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.70.

Analog Devices Stock Down 0.2 %

NASDAQ ADI opened at $204.86 on Tuesday. The business’s 50-day moving average is $215.21 and its 200 day moving average is $220.25. The stock has a market capitalization of $101.63 billion, a PE ratio of 62.27, a PEG ratio of 2.38 and a beta of 1.04. 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 1 year low of $182.57 and a 1 year high of $244.14.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm earned $2.01 earnings per share. The business’s revenue was down 10.1% compared to the same quarter last year. Sell-side analysts forecast that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s payout ratio is 111.85%.

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.