Brooklyn Investment Group Purchases 92 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Brooklyn Investment Group lifted its position in Analog Devices, Inc. (NASDAQ:ADI) by 2.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,488 shares of the semiconductor company’s stock after buying an additional 92 shares during the quarter. Brooklyn Investment Group’s holdings in Analog Devices were worth $953,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ADI. Capital Performance Advisors LLP acquired a new stake in Analog Devices in the 3rd quarter worth approximately $28,000. Archer Investment Corp lifted its holdings in Analog Devices by 101.4% in the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 73 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in Analog Devices in the 3rd quarter worth approximately $43,000. Reston Wealth Management LLC acquired a new position in shares of Analog Devices during the third quarter worth approximately $48,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Analog Devices during the third quarter worth approximately $80,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Up 1.9 %

Shares of ADI opened at $219.16 on Friday. Analog Devices, Inc. has a 12-month low of $182.57 and a 12-month high of $244.14. The stock’s fifty day simple moving average is $215.78 and its 200-day simple moving average is $222.60. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $108.74 billion, a PE ratio of 66.61, a price-to-earnings-growth ratio of 2.43 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 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the firm posted $2.01 earnings per share. The company’s quarterly revenue was down 10.1% on a year-over-year basis. As a group, research analysts predict that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.68%. The ex-dividend date was Monday, December 9th. Analog Devices’s payout ratio is 111.85%.

Wall Street Analyst Weigh In

ADI has been the subject of a number of research analyst reports. Truist Financial upped their price target on Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Cantor Fitzgerald restated a “neutral” rating and issued a $250.00 target price on shares of Analog Devices in a research note on Tuesday, October 8th. Barclays cut their target price on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Wednesday, November 27th. Finally, Piper Sandler cut their target price on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $247.57.

Insider Transactions at Analog Devices

In other news, EVP Gregory M. Bryant sold 20,000 shares of the firm’s 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 sale, the executive vice president now owns 59,093 shares of the company’s stock, valued at $13,229,149.91. This trade represents a 25.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owns 21,983 shares in the company, valued at approximately $4,921,334.21. This represents a 31.27 % 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 valued at $11,029,300 over the last 90 days. 0.31% of the stock is owned by company 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.