2,059 Shares in Analog Devices, Inc. (NASDAQ:ADI) Bought by PUREfi Wealth LLC

PUREfi Wealth LLC bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,059 shares of the semiconductor company’s stock, valued at approximately $438,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADI. Capital Performance Advisors LLP acquired a new position in Analog Devices in the third quarter valued at $28,000. Archer Investment Corp boosted its stake in Analog Devices by 101.4% in the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 73 shares in the last quarter. Financial Life Planners acquired a new position in Analog Devices in the fourth quarter valued at $33,000. Peterson Financial Group Inc. acquired a new position in Analog Devices in the third quarter valued at $43,000. Finally, Reston Wealth Management LLC acquired a new position in Analog Devices in the third quarter valued at $48,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on ADI shares. Truist Financial upped their price objective on shares of Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Piper Sandler decreased their price objective on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Wells Fargo & Company assumed coverage on shares of Analog Devices in a research note on Friday, November 22nd. They set an “equal weight” rating and a $220.00 target price for the company. TD Cowen decreased 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 note on Wednesday, November 27th. Finally, Benchmark assumed coverage on shares of Analog Devices in a research note on Friday. They set a “buy” rating and a $245.00 target price for the company. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and an average target price of $248.52.

Insider Buying and Selling

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

Analog Devices Stock Up 2.5 %

Shares of NASDAQ ADI opened at $214.61 on Friday. Analog Devices, Inc. has a 1 year low of $182.57 and a 1 year high of $244.14. The firm’s 50 day moving average price is $214.11 and its 200 day moving average price is $219.80. The firm has a market cap of $106.47 billion, a P/E ratio of 65.23, a price-to-earnings-growth ratio of 2.38 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business earned $2.01 earnings per share. Analog Devices’s revenue was down 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were given a dividend of $0.92 per share. The ex-dividend date was Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a yield of 1.71%. Analog Devices’s dividend payout ratio (DPR) is currently 111.85%.

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.