DAGCO Inc. decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,349 shares of the semiconductor company’s stock after selling 153 shares during the period. DAGCO Inc.’s holdings in Analog Devices were worth $1,915,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. CVA Family Office LLC bought a new stake in Analog Devices in the first quarter valued at approximately $26,000. Key Financial Inc bought a new position in shares of Analog Devices during the fourth quarter worth approximately $28,000. Diversified LLC bought a new position in shares of Analog Devices during the fourth quarter worth approximately $29,000. Northwest Investment Counselors LLC bought a new position in shares of Analog Devices during the first quarter worth approximately $30,000. Finally, Duncker Streett & Co. Inc. bought a new position in shares of Analog Devices during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 91.90% of the company’s stock.
In other news, SVP Martin Cotter sold 1,557 shares of Analog Devices stock in a transaction dated Wednesday, March 17th. The stock was sold at an average price of $150.42, for a total value of $234,203.94. Following the completion of the transaction, the senior vice president now directly owns 7,064 shares of the company’s stock, valued at approximately $1,062,566.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Michael Sondel sold 2,210 shares of Analog Devices stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $163.79, for a total value of $361,975.90. Over the last ninety days, insiders have sold 53,396 shares of company stock valued at $8,385,638. 0.42% of the stock is owned by corporate insiders.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, February 16th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.12. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.51 billion. Analog Devices had a return on equity of 15.51% and a net margin of 21.79%. During the same period last year, the company earned $1.03 EPS. On average, equities research analysts anticipate that Analog Devices, Inc. will post 5.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 9th. Investors of record on Friday, February 26th were given a dividend of $0.69 per share. This is a positive change from Analog Devices’s previous quarterly dividend of $0.62. This represents a $2.76 annualized dividend and a yield of 1.84%. The ex-dividend date was Thursday, February 25th. Analog Devices’s dividend payout ratio (DPR) is currently 56.21%.
A number of equities analysts have recently weighed in on ADI shares. Royal Bank of Canada increased their target price on Analog Devices from $174.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 16th. Oppenheimer restated a “buy” rating and set a $175.00 price objective on shares of Analog Devices in a research note on Thursday, February 11th. Argus raised their price objective on Analog Devices from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 19th. KeyCorp raised their price objective on Analog Devices from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 6th. Finally, Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $172.00 price objective on the stock in a research note on Monday, February 22nd. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $157.92.
Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.
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