Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Leelyn Smith LLC

Leelyn Smith LLC grew its stake in Analog Devices, Inc. (NASDAQ:ADI) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,753 shares of the semiconductor company’s stock after purchasing an additional 149 shares during the period. Analog Devices makes up approximately 0.8% of Leelyn Smith LLC’s portfolio, making the stock its 29th biggest holding. Leelyn Smith LLC’s holdings in Analog Devices were worth $4,622,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new position in shares of Analog Devices during the fourth quarter worth about $181,000. Cassady Schiller Wealth Management LLC boosted its holdings in Analog Devices by 63.2% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. TCTC Holdings LLC increased its position in Analog Devices by 0.7% during the 4th quarter. TCTC Holdings LLC now owns 54,063 shares of the semiconductor company’s stock worth $11,486,000 after purchasing an additional 350 shares during the period. Cibc World Markets Corp raised its stake in shares of Analog Devices by 14.3% during the 4th quarter. Cibc World Markets Corp now owns 89,341 shares of the semiconductor company’s stock worth $18,981,000 after buying an additional 11,150 shares in the last quarter. Finally, Nicholas Company Inc. lifted its holdings in shares of Analog Devices by 38.2% in the 4th quarter. Nicholas Company Inc. now owns 53,093 shares of the semiconductor company’s stock valued at $11,280,000 after buying an additional 14,673 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

NASDAQ:ADI opened at $211.68 on Tuesday. Analog Devices, Inc. has a 12-month low of $182.57 and a 12-month high of $247.10. The firm has a market cap of $104.99 billion, a price-to-earnings ratio of 67.41, a price-to-earnings-growth ratio of 2.85 and a beta of 1.07. The company’s 50-day moving average is $217.96 and its two-hundred day moving average is $220.40. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.09. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 EPS. Research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Tuesday, March 4th. This is a boost from Analog Devices’s previous quarterly dividend of $0.92. Analog Devices’s payout ratio is currently 126.11%.

Analog Devices declared that its board has authorized a share repurchase plan on Tuesday, February 18th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 9.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ADI. UBS Group upped their price objective on Analog Devices from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Benchmark upped their price target on shares of Analog Devices from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Lake Street Capital initiated coverage on shares of Analog Devices in a research note on Friday, February 14th. They issued a “buy” rating for the company. JPMorgan Chase & Co. upped their target price on shares of Analog Devices from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $255.41.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.33% of the company’s stock.

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.