Bradley Foster & Sargent Inc. CT Boosts Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Bradley Foster & Sargent Inc. CT raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 321,407 shares of the semiconductor company’s stock after buying an additional 8,323 shares during the period. Analog Devices comprises 1.1% of Bradley Foster & Sargent Inc. CT’s portfolio, making the stock its 26th largest holding. Bradley Foster & Sargent Inc. CT owned 0.06% of Analog Devices worth $68,286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ADI. Cordatus Wealth Management LLC bought a new position in shares of Analog Devices during the 4th quarter valued at approximately $2,968,000. Nicholson Wealth Management Group LLC lifted its holdings in Analog Devices by 95.5% during the fourth quarter. Nicholson Wealth Management Group LLC now owns 7,362 shares of the semiconductor company’s stock valued at $1,564,000 after purchasing an additional 3,596 shares in the last quarter. ING Groep NV boosted its position in shares of Analog Devices by 17.4% in the fourth quarter. ING Groep NV now owns 165,538 shares of the semiconductor company’s stock worth $35,170,000 after purchasing an additional 24,512 shares during the period. Flossbach Von Storch SE increased its stake in shares of Analog Devices by 47.7% in the fourth quarter. Flossbach Von Storch SE now owns 471,859 shares of the semiconductor company’s stock worth $100,251,000 after purchasing an additional 152,401 shares in the last quarter. Finally, First Bank & Trust raised its position in shares of Analog Devices by 6.6% during the 4th quarter. First Bank & Trust now owns 1,495 shares of the semiconductor company’s stock valued at $318,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 0.9 %

NASDAQ ADI opened at $243.82 on Friday. 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, Inc. has a 52 week low of $182.57 and a 52 week high of $247.10. The firm has a market capitalization of $120.96 billion, a price-to-earnings ratio of 74.11, a PEG ratio of 2.53 and a beta of 1.04. The company has a fifty day moving average of $215.06 and a two-hundred day moving average of $219.97.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.54 by $0.09. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. During the same period in the prior year, the firm posted $1.73 EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. On average, analysts predict that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.99 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.62%. This is a boost from Analog Devices’s previous quarterly dividend of $0.92. Analog Devices’s payout ratio is presently 111.85%.

Analog Devices declared that its board has approved a stock repurchase program on Tuesday, February 18th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

ADI has been the subject of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $270.00 target price (up previously from $245.00) on shares of Analog Devices in a report on Thursday. Barclays cut their target price 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. JPMorgan Chase & Co. boosted their price target on Analog Devices from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday. Finally, Piper Sandler reduced their price objective on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $255.19.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total value of $2,154,900.00. Following the transaction, the chief executive officer now directly owns 21,983 shares in the company, valued at $4,737,116.67. This represents a 31.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

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.