Waycross Partners LLC Raises Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Waycross Partners LLC increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,609 shares of the semiconductor company’s stock after buying an additional 4,337 shares during the quarter. Analog Devices comprises about 2.7% of Waycross Partners LLC’s investment portfolio, making the stock its 13th biggest position. Waycross Partners LLC’s holdings in Analog Devices were worth $14,219,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ADI. Pinnacle Bancorp Inc. grew its stake in shares of Analog Devices by 101.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Cetera Trust Company N.A acquired a new stake in shares of Analog Devices during the fourth quarter valued at about $29,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Analog Devices during the fourth quarter valued at about $32,000. Northwest Capital Management Inc grew its stake in shares of Analog Devices by 519.2% during the fourth quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 135 shares in the last quarter. Finally, Silver Oak Securities Incorporated acquired a new stake in shares of Analog Devices during the third quarter valued at about $29,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Price Performance

Shares of NASDAQ ADI traded down $3.29 during trading on Tuesday, hitting $200.61. The company had a trading volume of 2,668,447 shares, compared to its average volume of 3,372,008. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $204.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The company has a market cap of $99.48 billion, a P/E ratio of 35.89, a PEG ratio of 5.07 and a beta of 1.17. The business’s 50-day moving average is $193.99 and its 200 day moving average is $187.86.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data 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. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company posted $2.75 EPS. The company’s quarterly revenue was down 22.7% compared to the same quarter last year. Equities research analysts predict that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.83%. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s dividend payout ratio is presently 65.83%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

ADI has been the subject of a number of research reports. Wolfe Research upgraded Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price target for the company in a research note on Thursday, January 18th. Morgan Stanley reiterated an “overweight” rating and issued a $212.00 price target on shares of Analog Devices in a research note on Thursday, April 11th. Truist Financial decreased their price target on Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Barclays lifted their target price on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Finally, Sanford C. Bernstein downgraded Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 target price for the company. in a research note on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.17.

Analog Devices Company 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.