Midwest Professional Planners LTD. lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Get Rating) by 2.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,594 shares of the semiconductor company’s stock after buying an additional 92 shares during the quarter. Midwest Professional Planners LTD.’s holdings in Analog Devices were worth $807,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arlington Partners LLC acquired a new stake in shares of Analog Devices during the 4th quarter worth about $34,000. Webster Bank N. A. lifted its stake in shares of Analog Devices by 55.1% during the 4th quarter. Webster Bank N. A. now owns 211 shares of the semiconductor company’s stock worth $37,000 after buying an additional 75 shares during the last quarter. Logan Capital Management Inc. lifted its stake in shares of Analog Devices by 97.5% during the 3rd quarter. Logan Capital Management Inc. now owns 241 shares of the semiconductor company’s stock worth $40,000 after buying an additional 119 shares during the last quarter. Jackson Wealth Management LLC acquired a new stake in shares of Analog Devices during the 3rd quarter worth about $42,000. Finally, Private Capital Group LLC lifted its stake in shares of Analog Devices by 225.3% during the 4th quarter. Private Capital Group LLC now owns 244 shares of the semiconductor company’s stock worth $43,000 after buying an additional 169 shares during the last quarter. Institutional investors own 86.15% of the company’s stock.
Several brokerages have weighed in on ADI. StockNews.com began coverage on shares of Analog Devices in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial dropped their price objective on shares of Analog Devices from $208.00 to $194.00 and set a “buy” rating for the company in a research note on Friday, April 8th. Citigroup dropped their price objective on shares of Analog Devices from $216.00 to $192.00 and set a “buy” rating for the company in a research note on Thursday, February 17th. Oppenheimer reiterated an “outperform” rating and issued a $210.00 price objective on shares of Analog Devices in a research note on Thursday, April 7th. Finally, UBS Group lifted their price objective on shares of Analog Devices from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 17th. Four investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Analog Devices has a consensus rating of “Buy” and a consensus target price of $199.10.
Analog Devices (NASDAQ:ADI – Get Rating) last released its earnings results on Wednesday, February 16th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.15. Analog Devices had a net margin of 15.18% and a return on equity of 12.35%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the company earned $1.44 EPS. Analog Devices’s quarterly revenue was up 72.2% compared to the same quarter last year. Equities research analysts expect that Analog Devices, Inc. will post 8.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 8th. Shareholders of record on Friday, February 25th were issued a dividend of $0.76 per share. This is an increase from Analog Devices’s previous quarterly dividend of $0.69. The ex-dividend date was Thursday, February 24th. This represents a $3.04 annualized dividend and a yield of 1.92%. Analog Devices’s dividend payout ratio is presently 95.60%.
In other Analog Devices news, Director Tunc Doluca sold 4,600 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $170.00, for a total transaction of $782,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 14,000 shares of company stock worth $2,315,422. Corporate insiders own 0.91% of the company’s stock.
Analog Devices Company Profile (Get Rating)
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 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.
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