Wrapmanager Inc. Purchases 143 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Wrapmanager Inc. increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,162 shares of the semiconductor company’s stock after buying an additional 143 shares during the period. Wrapmanager Inc.’s holdings in Analog Devices were worth $429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Amarillo National Bank grew its position in Analog Devices by 3.7% during the 4th quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock worth $300,000 after purchasing an additional 54 shares during the period. Keystone Financial Services lifted its stake in Analog Devices by 1.8% during the 4th quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock worth $623,000 after acquiring an additional 55 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of Analog Devices by 2.1% in the third quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 57 shares during the period. Legacy Advisors LLC grew its stake in shares of Analog Devices by 2.3% in the third quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock worth $465,000 after acquiring an additional 59 shares in the last quarter. Finally, MRA Advisory Group grew its stake in Analog Devices by 2.5% during the 3rd quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company’s stock worth $444,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Down 0.0 %

ADI traded down $0.07 during trading on Thursday, hitting $204.79. The company had a trading volume of 2,941,773 shares, compared to its average volume of 3,326,513. The company has a market cap of $101.56 billion, a PE ratio of 36.64, a P/E/G ratio of 5.01 and a beta of 1.14. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $205.77. The business has a 50-day moving average of $195.19 and a 200-day moving average of $189.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.71 by $0.02. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business’s revenue was down 22.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.75 EPS. As a group, analysts forecast that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio is presently 65.83%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ADI shares. Barclays raised their target price on shares of Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Wolfe Research upgraded Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price target on the stock in a report on Thursday, January 18th. Truist Financial cut their target price on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $212.00 price objective on shares of Analog Devices in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group lifted their price target on Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.17.

Insider Buying and Selling

In other news, Director James Champy sold 1,228 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the transaction, the director now owns 6,371 shares of the company’s stock, valued at $1,259,164.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the transaction, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $10,075,098.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James Champy sold 1,228 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the sale, the director now directly owns 6,371 shares of the company’s stock, valued at $1,259,164.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,707 shares of company stock valued at $4,874,613. Insiders own 0.31% of the company’s stock.

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.