Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Leonard Rickey Investment Advisors P.L.L.C.

Leonard Rickey Investment Advisors P.L.L.C. lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,333 shares of the semiconductor company’s stock after buying an additional 61 shares during the quarter. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Analog Devices were worth $283,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Edgestream Partners L.P. acquired a new stake in shares of Analog Devices during the 2nd quarter worth about $618,000. AE Wealth Management LLC increased its stake in Analog Devices by 20.9% in the second quarter. AE Wealth Management LLC now owns 19,250 shares of the semiconductor company’s stock valued at $4,394,000 after purchasing an additional 3,327 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Analog Devices by 9.8% during the second quarter. Thrivent Financial for Lutherans now owns 24,754 shares of the semiconductor company’s stock worth $5,651,000 after purchasing an additional 2,216 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Analog Devices by 15.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,672 shares of the semiconductor company’s stock worth $387,000 after buying an additional 223 shares during the last quarter. Finally, DRW Securities LLC boosted its holdings in shares of Analog Devices by 106.2% in the 2nd quarter. DRW Securities LLC now owns 4,152 shares of the semiconductor company’s stock valued at $948,000 after buying an additional 70,620 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Price Performance

Shares of ADI opened at $219.16 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average is $215.64 and its two-hundred day moving average is $222.47. The firm has a market capitalization of $108.77 billion, a PE ratio of 66.61, a P/E/G ratio of 2.43 and a beta of 1.05. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $244.14.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. Analog Devices’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.01 earnings per share. Research analysts anticipate that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s dividend payout ratio is currently 111.85%.

Insiders Place Their Bets

In related news, EVP Gregory M. Bryant sold 20,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total value of $4,477,400.00. Following the sale, the executive vice president now directly owns 59,093 shares of the company’s stock, valued at approximately $13,229,149.91. This represents a 25.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the transaction, the chief executive officer now owns 21,983 shares of the company’s stock, valued at $4,737,116.67. This trade represents a 31.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock worth $11,029,300. 0.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of research reports. Wells Fargo & Company started coverage on shares of Analog Devices in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target for the company. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Truist Financial raised their price target on Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. TD Cowen reduced their price objective on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Finally, Barclays lowered their target price on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.70.

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.