Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,115 shares of the semiconductor company’s stock after selling 74 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Analog Devices were worth $237,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ADI. Edgestream Partners L.P. acquired a new stake in Analog Devices in the second quarter valued at $618,000. AE Wealth Management LLC raised its position in shares of Analog Devices by 20.9% during the 2nd quarter. AE Wealth Management LLC now owns 19,250 shares of the semiconductor company’s stock worth $4,394,000 after acquiring an additional 3,327 shares in the last quarter. Sei Investments Co. lifted its stake in Analog Devices by 48.4% during the second quarter. Sei Investments Co. now owns 332,795 shares of the semiconductor company’s stock worth $75,961,000 after purchasing an additional 108,545 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Analog Devices by 9.8% in the second quarter. Thrivent Financial for Lutherans now owns 24,754 shares of the semiconductor company’s stock valued at $5,651,000 after purchasing an additional 2,216 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its stake in Analog Devices by 6.0% in the second quarter. Summit Trail Advisors LLC now owns 4,638 shares of the semiconductor company’s stock valued at $1,059,000 after purchasing an additional 264 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction on Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the completion of the transaction, the executive vice president now owns 59,093 shares of the company’s stock, valued at $13,229,149.91. The trade was a 25.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 21,983 shares of the company’s stock, valued at $4,737,116.67. This trade represents a 31.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock worth $11,029,300. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Barclays reduced their price target on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Analog Devices in a report on Tuesday, October 8th. TD Cowen reduced their target price on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Finally, Piper Sandler dropped their price target on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.70.

Analog Devices Price Performance

Shares of ADI opened at $219.16 on Monday. The firm has a market capitalization of $108.77 billion, a PE ratio of 66.61, a P/E/G ratio of 2.43 and a beta of 1.05. The stock’s 50 day moving average is $215.64 and its two-hundred day moving average is $222.52. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $244.14. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. Analog Devices’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.01 earnings per share. Research analysts anticipate that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s dividend payout ratio is currently 111.85%.

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.