Analog Devices, Inc. (NASDAQ:ADI) Stock Holdings Raised by Waycross Partners LLC

Waycross Partners LLC increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 11.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,570 shares of the semiconductor company’s stock after acquiring an additional 9,136 shares during the quarter. Analog Devices comprises about 3.0% of Waycross Partners LLC’s holdings, making the stock its 10th biggest holding. Waycross Partners LLC’s holdings in Analog Devices were worth $19,760,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. 9258 Wealth Management LLC raised its holdings in shares of Analog Devices by 3.9% in the 4th quarter. 9258 Wealth Management LLC now owns 2,237 shares of the semiconductor company’s stock valued at $444,000 after acquiring an additional 85 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in Analog Devices by 14.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 1,720 shares of the semiconductor company’s stock worth $330,000 after buying an additional 220 shares in the last quarter. Level Four Advisory Services LLC grew its stake in Analog Devices by 17.3% in the 4th quarter. Level Four Advisory Services LLC now owns 2,082 shares of the semiconductor company’s stock worth $413,000 after buying an additional 307 shares in the last quarter. Main Street Financial Solutions LLC bought a new position in shares of Analog Devices in the 4th quarter worth $283,000. Finally, Norges Bank bought a new position in shares of Analog Devices in the 4th quarter worth $1,225,227,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at $11,570,541.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the sale, the chief executive officer now owns 51,039 shares of the company’s stock, valued at $11,570,541.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward H. Frank sold 995 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $234.31, for a total transaction of $233,138.45. Following the transaction, the director now directly owns 3,753 shares of the company’s stock, valued at approximately $879,365.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,495 shares of company stock valued at $7,181,458. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ADI shares. Morgan Stanley upped their target price on shares of Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. UBS Group increased their price objective on Analog Devices from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Truist Financial dropped their target price on Analog Devices from $275.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Cantor Fitzgerald reiterated a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a research report on Tuesday, July 16th. Finally, Sanford C. Bernstein boosted their price objective on shares of Analog Devices from $200.00 to $220.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $251.45.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $225.42 on Monday. The company has a market cap of $111.86 billion, a PE ratio of 52.67, a P/E/G ratio of 3.74 and a beta of 1.07. The business has a 50 day moving average of $224.69 and a 200 day moving average of $215.25. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $244.14. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.50 by $0.08. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.49 EPS. As a group, equities research analysts forecast that Analog Devices, Inc. will post 6.33 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.63%. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

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.