Analog Devices, Inc. (NASDAQ:ADI) Shares Purchased by NTV Asset Management LLC

NTV Asset Management LLC increased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,063 shares of the semiconductor company’s stock after purchasing an additional 54 shares during the quarter. NTV Asset Management LLC’s holdings in Analog Devices were worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ADI. Capital Performance Advisors LLP acquired a new stake in Analog Devices in the 3rd quarter worth about $28,000. Archer Investment Corp lifted its position in shares of 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 stake in shares of Analog Devices in the fourth quarter worth approximately $33,000. Peterson Financial Group Inc. purchased a new stake in shares of Analog Devices during the third quarter worth approximately $43,000. Finally, Sierra Ocean LLC acquired a new position in Analog Devices in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Up 2.5 %

ADI opened at $214.61 on Tuesday. Analog Devices, Inc. has a 52 week low of $182.57 and a 52 week high of $244.14. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $214.04 and a 200-day simple moving average of $219.59. The firm has a market cap of $106.47 billion, a P/E ratio of 65.23, a P/E/G ratio of 2.38 and a beta of 1.04.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. Analog Devices’s revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.01 EPS. On average, equities analysts expect that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were given a $0.92 dividend. The ex-dividend date was Monday, December 9th. This represents a $3.68 annualized dividend and a yield of 1.71%. Analog Devices’s dividend payout ratio is presently 111.85%.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at approximately $4,737,116.67. The trade was a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ADI shares. TD Cowen dropped their target price on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Wells Fargo & Company initiated coverage on shares of Analog Devices in a research note on Friday, November 22nd. They set an “equal weight” rating and a $220.00 price objective for the company. Piper Sandler decreased their target price on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Barclays dropped their price target on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Benchmark began coverage on Analog Devices in a research report on Friday. They set a “buy” rating and a $245.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $248.52.

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.