Ellenbecker Investment Group Increases Position in Analog Devices, Inc. (NASDAQ:ADI)

Ellenbecker Investment Group raised its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,050 shares of the semiconductor company’s stock after buying an additional 92 shares during the period. Ellenbecker Investment Group’s holdings in Analog Devices were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ADI. Federated Hermes Inc. boosted its stake in shares of Analog Devices by 1.6% in the second quarter. Federated Hermes Inc. now owns 32,016 shares of the semiconductor company’s stock valued at $7,308,000 after purchasing an additional 495 shares during the period. Prime Capital Investment Advisors LLC increased its position in shares of Analog Devices by 23.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 19,042 shares of the semiconductor company’s stock worth $4,347,000 after acquiring an additional 3,575 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Analog Devices by 100.6% in the second quarter. Brown Brothers Harriman & Co. now owns 4,297 shares of the semiconductor company’s stock valued at $981,000 after acquiring an additional 2,155 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in Analog Devices in the second quarter valued at $1,938,000. Finally, Waycross Partners LLC grew its stake in Analog Devices by 11.8% during the 2nd quarter. Waycross Partners LLC now owns 86,570 shares of the semiconductor company’s stock worth $19,760,000 after purchasing an additional 9,136 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Analog Devices stock opened at $212.95 on Tuesday. The business has a 50 day simple moving average of $216.25 and a 200-day simple moving average of $222.78. Analog Devices, Inc. has a 12 month low of $182.57 and a 12 month high of $244.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35. The stock has a market capitalization of $105.69 billion, a PE ratio of 64.73, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the business earned $2.01 EPS. The business’s revenue was down 10.1% on a year-over-year basis. Equities analysts predict that Analog Devices, Inc. will post 7.15 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were issued a $0.92 dividend. The ex-dividend date was Monday, December 9th. This represents a $3.68 annualized dividend and a dividend yield of 1.73%. Analog Devices’s dividend payout ratio is currently 111.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company started coverage on Analog Devices in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price objective for the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $250.00 price target on shares of Analog Devices in a research note on Tuesday, October 8th. TD Cowen dropped their price objective on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley decreased their price objective on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $249.48.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $2,238,700.00. Following the sale, the chief executive officer now owns 21,983 shares of the company’s stock, valued at approximately $4,921,334.21. This represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the transaction, the executive vice president now owns 59,093 shares of the company’s stock, valued at approximately $13,229,149.91. The trade was a 25.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $11,029,300 over the last three months. 0.31% of the stock is currently owned by corporate insiders.

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.