Mount Yale Investment Advisors LLC Purchases 111 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Mount Yale Investment Advisors LLC raised its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.0% in the 1st quarter, Holdings Channel reports. The firm owned 10,955 shares of the semiconductor company’s stock after acquiring an additional 111 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Analog Devices were worth $2,167,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADI. Pinnacle Bancorp Inc. raised its position 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 worth $26,000 after acquiring an additional 65 shares during the last quarter. USA Financial Formulas boosted its stake in shares of Analog Devices by 87.8% in the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 65 shares during the last quarter. Cetera Trust Company N.A acquired a new position in Analog Devices in the fourth quarter valued at $29,000. Private Wealth Management Group LLC bought a new stake in Analog Devices during the fourth quarter valued at $29,000. Finally, Riverview Trust Co acquired a new stake in Analog Devices during the 1st quarter worth about $30,000. 86.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ADI. Morgan Stanley raised their price target on shares of Analog Devices from $221.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Sanford C. Bernstein boosted their target price on Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a research report on Thursday, May 23rd. Truist Financial increased their price target on Analog Devices from $222.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Stifel Nicolaus increased their target price on Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, May 20th. Finally, Susquehanna boosted their price target on shares of Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a research note on Thursday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.50.

Analog Devices Stock Performance

Analog Devices stock traded up $0.97 during trading on Monday, hitting $227.40. The stock had a trading volume of 2,317,474 shares, compared to its average volume of 3,291,380. The stock has a market cap of $112.84 billion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 3.82 and a beta of 1.08. The stock’s 50 day moving average is $232.02 and its two-hundred day moving average is $208.03. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $244.14.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.26 by $0.14. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company’s revenue was down 33.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.83 earnings per share. As a group, analysts predict that Analog Devices, Inc. will post 6.24 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.62%. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total value of $1,970,600.00. Following the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $10,057,745.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at $10,057,745.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James Champy sold 4,200 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $233.55, for a total value of $980,910.00. Following the completion of the sale, the director now directly owns 6,371 shares in the company, valued at approximately $1,487,947.05. The disclosure for this sale can be found here. Insiders sold a total of 46,642 shares of company stock worth $10,481,343 in the last quarter. 0.31% of the stock is owned by company insiders.

About Analog Devices

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.