Analog Devices, Inc. (NASDAQ:ADI) Stock Holdings Cut by American Research & Management Co.

American Research & Management Co. decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,288 shares of the semiconductor company’s stock after selling 4,926 shares during the quarter. Analog Devices comprises about 3.5% of American Research & Management Co.’s investment portfolio, making the stock its 2nd largest position. American Research & Management Co.’s holdings in Analog Devices were worth $14,467,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ADI. Coastal Investment Advisors Inc. raised its stake in shares of Analog Devices by 2.2% in the fourth quarter. Coastal Investment Advisors Inc. now owns 2,958 shares of the semiconductor company’s stock valued at $437,000 after acquiring an additional 64 shares during the period. BKD Wealth Advisors LLC grew its holdings in shares of Analog Devices by 0.9% in the fourth quarter. BKD Wealth Advisors LLC now owns 7,137 shares of the semiconductor company’s stock worth $1,054,000 after purchasing an additional 65 shares during the last quarter. Sowell Financial Services LLC grew its holdings in shares of Analog Devices by 22.0% in the fourth quarter. Sowell Financial Services LLC now owns 371 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 67 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Analog Devices by 19.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 408 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 67 shares during the last quarter. Finally, Argus Investors Counsel Inc. grew its holdings in shares of Analog Devices by 1.0% in the fourth quarter. Argus Investors Counsel Inc. now owns 6,852 shares of the semiconductor company’s stock worth $1,012,000 after purchasing an additional 68 shares during the last quarter. 91.90% of the stock is currently owned by institutional investors.

In related news, SVP Martin Cotter sold 1,557 shares of Analog Devices stock in a transaction on Wednesday, March 17th. The shares were sold at an average price of $150.42, for a total value of $234,203.94. Following the sale, the senior vice president now owns 7,064 shares of the company’s stock, valued at approximately $1,062,566.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michael Sondel sold 2,210 shares of Analog Devices stock in a transaction on Friday, February 19th. The stock was sold at an average price of $163.79, for a total transaction of $361,975.90. Over the last ninety days, insiders have sold 64,958 shares of company stock valued at $10,118,958. Insiders own 0.42% of the company’s stock.

ADI traded up $1.65 during trading on Thursday, reaching $161.10. 39,964 shares of the company’s stock were exchanged, compared to its average volume of 3,067,606. Analog Devices, Inc. has a 1 year low of $95.75 and a 1 year high of $164.40. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 1.40. The stock has a market capitalization of $59.43 billion, a P/E ratio of 48.61, a price-to-earnings-growth ratio of 2.26 and a beta of 1.31. The company’s fifty day simple moving average is $154.64 and its 200-day simple moving average is $142.21.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, February 16th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.51 billion. Analog Devices had a net margin of 21.79% and a return on equity of 15.51%. During the same period last year, the firm posted $1.03 EPS. Equities analysts forecast that Analog Devices, Inc. will post 5.69 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 9th. Stockholders of record on Friday, February 26th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.71%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Thursday, February 25th. Analog Devices’s payout ratio is 56.21%.

A number of research analysts have recently commented on ADI shares. KeyCorp upped their price target on shares of Analog Devices from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, January 6th. Raymond James upped their price target on shares of Analog Devices from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, February 25th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Analog Devices from $142.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, December 17th. Piper Sandler increased their target price on shares of Analog Devices from $150.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, February 25th. Finally, The Goldman Sachs Group increased their target price on shares of Analog Devices from $156.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, December 14th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $157.92.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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