Cyndeo Wealth Partners LLC Has $8.90 Million Stake in Analog Devices, Inc. (NASDAQ:ADI)

Cyndeo Wealth Partners LLC lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,879 shares of the semiconductor company’s stock after acquiring an additional 651 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Analog Devices were worth $8,898,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ADI. Capital Performance Advisors LLP bought a new position in Analog Devices in the 3rd quarter valued at about $28,000. Archer Investment Corp boosted its position in shares of Analog Devices by 101.4% during the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 73 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in Analog Devices in the 3rd quarter worth about $43,000. Reston Wealth Management LLC purchased a new stake in Analog Devices in the 3rd quarter valued at about $48,000. Finally, Northwest Investment Counselors LLC bought a new stake in Analog Devices during the third quarter worth $80,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Stock Down 4.8 %

Shares of NASDAQ:ADI opened at $217.37 on Friday. The stock’s 50-day moving average is $216.42 and its 200 day moving average is $222.27. The company has a market cap of $107.85 billion, a PE ratio of 66.07, a P/E/G ratio of 2.57 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35. Analog Devices, Inc. has a 1 year low of $182.57 and a 1 year high of $244.14.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.03. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm earned $2.01 earnings per share. The business’s revenue was down 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Analog Devices, Inc. will post 7.09 EPS for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were given a $0.92 dividend. The ex-dividend date was Monday, December 9th. This represents a $3.68 annualized dividend and a dividend yield of 1.69%. Analog Devices’s dividend payout ratio is 111.85%.

Analysts Set New Price Targets

Several analysts have commented on ADI shares. TD Cowen lowered their price objective on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Wednesday, November 27th. Morgan Stanley cut their price objective on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Barclays lowered their target price on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Wells Fargo & Company initiated coverage on shares of Analog Devices in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $248.70.

Insider Activity

In other Analog Devices news, EVP Gregory M. Bryant sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the completion of the sale, the executive vice president now directly owns 59,093 shares in the company, valued at approximately $13,229,149.91. This trade represents a 25.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $215.83, for a total value of $2,158,300.00. Following the completion of the transaction, the chief executive officer now owns 21,983 shares of the company’s stock, valued at $4,744,590.89. This represents a 31.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock valued at $11,029,300. Corporate insiders own 0.31% of the company’s stock.

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.