Analog Devices, Inc. (NASDAQ:ADI) Stake Lowered by Lathrop Investment Management Corp

Lathrop Investment Management Corp lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 3.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 86,715 shares of the semiconductor company’s stock after selling 3,037 shares during the quarter. Analog Devices comprises 3.5% of Lathrop Investment Management Corp’s investment portfolio, making the stock its 7th biggest holding. Lathrop Investment Management Corp’s holdings in Analog Devices were worth $17,218,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. boosted its position in shares of Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. Cetera Trust Company N.A acquired a new stake in shares of Analog Devices in the 4th quarter valued at about $29,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Analog Devices in the 4th quarter valued at about $32,000. Northwest Capital Management Inc boosted its position in shares of Analog Devices by 519.2% in the 4th quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 135 shares during the period. Finally, Silver Oak Securities Incorporated acquired a new stake in Analog Devices during the 3rd quarter worth approximately $29,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Analog Devices in a research report on Thursday, February 22nd. Truist Financial decreased their price objective on Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Sanford C. Bernstein cut Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective for the company. in a research report on Thursday, January 4th. KeyCorp increased their price objective on Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Finally, Wolfe Research raised Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price objective for the company in a research report on Thursday, January 18th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.17.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the transaction, the chief executive officer now owns 5,713 shares in the company, valued at $1,097,524.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the transaction, the chief executive officer now owns 5,713 shares in the company, valued at $1,097,524.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the transaction, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. Insiders have sold 24,707 shares of company stock worth $4,825,113 over the last quarter. 0.31% of the stock is currently owned by insiders.

Analog Devices Price Performance

Analog Devices stock traded up $4.03 during mid-day trading on Friday, hitting $201.97. 3,136,261 shares of the company were exchanged, compared to its average volume of 3,090,032. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98. The business’s 50 day simple moving average is $193.45 and its two-hundred day simple moving average is $187.28. The company has a market capitalization of $100.16 billion, a P/E ratio of 36.13, a PEG ratio of 4.97 and a beta of 1.17. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $204.20.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.02. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. Analog Devices’s revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.75 earnings per share. Analysts forecast that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.92 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.82%. Analog Devices’s dividend payout ratio (DPR) is 65.83%.

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.