Berbice Capital Management LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 520 shares of the semiconductor company’s stock, valued at approximately $110,000.
Several other institutional investors have also made changes to their positions in the stock. Encompass More Asset Management boosted its stake in shares of Analog Devices by 25.6% in the fourth quarter. Encompass More Asset Management now owns 1,135 shares of the semiconductor company’s stock valued at $241,000 after buying an additional 231 shares during the period. RFG Advisory LLC boosted its stake in shares of Analog Devices by 3.9% in the fourth quarter. RFG Advisory LLC now owns 2,072 shares of the semiconductor company’s stock valued at $440,000 after buying an additional 77 shares during the period. Brighton Jones LLC boosted its stake in shares of Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after buying an additional 529 shares during the period. Cerro Pacific Wealth Advisors LLC boosted its stake in shares of Analog Devices by 3.3% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 5,830 shares of the semiconductor company’s stock valued at $1,342,000 after buying an additional 188 shares during the period. Finally, Mutual Advisors LLC boosted its stake in shares of Analog Devices by 8.6% in the fourth quarter. Mutual Advisors LLC now owns 2,060 shares of the semiconductor company’s stock valued at $443,000 after buying an additional 164 shares during the period. 86.81% of the stock is currently owned by institutional investors.
Analog Devices Price Performance
ADI stock opened at $221.51 on Friday. The company has a market capitalization of $109.90 billion, a P/E ratio of 67.15, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84. Analog Devices, Inc. has a 52-week low of $182.57 and a 52-week high of $244.14. The business has a 50-day simple moving average of $215.88 and a two-hundred day simple moving average of $222.34.
Analog Devices Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were paid a $0.92 dividend. The ex-dividend date was Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.66%. Analog Devices’s payout ratio is presently 111.85%.
Insider Transactions at Analog Devices
In related news, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 21,983 shares in the company, valued at $4,737,116.67. The trade was a 31.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $11,029,300 in the last 90 days. Insiders own 0.31% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on ADI shares. TD Cowen cut their target price 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. Cantor Fitzgerald restated a “neutral” rating and set a $250.00 target price on shares of Analog Devices in a research note on Tuesday, October 8th. Truist Financial upped their target price on Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. Piper Sandler dropped their price target 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. Finally, Barclays lowered their target price on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $248.70.
Check Out Our Latest Stock Analysis on Analog Devices
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.
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