Snowden Capital Advisors LLC Has $2.12 Million Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Snowden Capital Advisors LLC increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,982 shares of the semiconductor company’s stock after purchasing an additional 356 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Analog Devices were worth $2,121,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ADI. Mainstream Capital Management LLC bought a new position in shares of Analog Devices in the 4th quarter valued at about $30,000. Hopwood Financial Services Inc. acquired a new position in Analog Devices during the fourth quarter valued at approximately $30,000. Cassady Schiller Wealth Management LLC increased its position in shares of Analog Devices by 63.2% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Financial Life Planners acquired a new stake in shares of Analog Devices in the 4th quarter valued at approximately $33,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Analog Devices in the 4th quarter valued at approximately $41,000. Institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ADI. Morgan Stanley set a $214.00 price target on shares of Analog Devices in a research report on Monday, April 21st. Lake Street Capital initiated coverage on Analog Devices in a report on Friday, February 14th. They set a “buy” rating for the company. Wells Fargo & Company raised their price objective on Analog Devices from $220.00 to $240.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Maxim Group began coverage on Analog Devices in a report on Friday, February 14th. They set a “buy” rating on the stock. Finally, Truist Financial lifted their price objective on shares of Analog Devices from $230.00 to $248.00 and gave the stock a “hold” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $249.95.

Insider Buying and Selling at Analog Devices

In other news, EVP Vivek Jain sold 12,684 shares of Analog Devices stock in a transaction on Monday, March 24th. The stock was sold at an average price of $210.00, for a total value of $2,663,640.00. Following the transaction, the executive vice president now owns 43,175 shares in the company, valued at approximately $9,066,750. This trade represents a 22.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total value of $563,156.25. Following the sale, the director now owns 186,321 shares of the company’s stock, valued at approximately $33,576,907.41. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,934 shares of company stock valued at $8,735,156 in the last ninety days. 0.33% of the stock is currently owned by company insiders.

Analog Devices Stock Down 0.0%

Shares of ADI opened at $227.11 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $112.64 billion, a PE ratio of 72.33, a P/E/G ratio of 2.85 and a beta of 0.98. The firm’s 50 day moving average is $196.58 and its 200-day moving average is $210.41. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.09. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.74%. This is an increase from Analog Devices’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 4th. Analog Devices’s dividend payout ratio is presently 126.11%.

Analog Devices announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 9.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.