Berbice Capital Management LLC Purchases New Stake in Analog Devices, Inc. (NASDAQ:ADI)

Berbice Capital Management LLC purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 520 shares of the semiconductor company’s stock, valued at approximately $110,000.

Several other large investors have also recently bought and sold shares of ADI. Thrivent Financial for Lutherans increased its position in Analog Devices by 9.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 24,754 shares of the semiconductor company’s stock worth $5,651,000 after purchasing an additional 2,216 shares during the last quarter. Public Sector Pension Investment Board increased its position in Analog Devices by 68.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 19,012 shares of the semiconductor company’s stock worth $4,340,000 after purchasing an additional 7,710 shares during the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of Analog Devices by 9.4% during the 2nd quarter. Insigneo Advisory Services LLC now owns 5,106 shares of the semiconductor company’s stock valued at $1,165,000 after acquiring an additional 437 shares during the last quarter. AXA S.A. increased its holdings in shares of Analog Devices by 32.7% during the 2nd quarter. AXA S.A. now owns 75,807 shares of the semiconductor company’s stock valued at $17,304,000 after acquiring an additional 18,686 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Analog Devices by 1.5% during the 2nd quarter. APG Asset Management N.V. now owns 345,677 shares of the semiconductor company’s stock valued at $73,622,000 after acquiring an additional 4,989 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other Analog Devices news, EVP Gregory M. Bryant sold 20,000 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total value of $2,154,900.00. Following the transaction, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,737,116.67. This trade represents a 31.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,000 shares of company stock valued at $11,029,300. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ADI shares. Piper Sandler lowered their price objective on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Barclays decreased their target price on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. TD Cowen decreased their target price on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company began coverage on Analog Devices in a research note on Friday, November 22nd. They set an “equal weight” rating and a $220.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and a consensus target price of $248.70.

Analog Devices Stock Down 3.0 %

NASDAQ:ADI opened at $221.51 on Friday. Analog Devices, Inc. has a 12-month low of $182.57 and a 12-month high of $244.14. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $109.90 billion, a P/E ratio of 67.15, a P/E/G ratio of 2.57 and a beta of 1.05. The stock’s fifty day simple moving average is $215.88 and its 200-day simple moving average is $222.34.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, topping the consensus estimate 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%. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.01 earnings per share. Equities research analysts expect that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s dividend payout ratio is currently 111.85%.

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.