Woodstock Corp Has $4.88 Million Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Woodstock Corp grew its stake in Analog Devices, Inc. (NASDAQ:ADI) by 0.8% during the 4th quarter, HoldingsChannel reports. The firm owned 22,952 shares of the semiconductor company’s stock after acquiring an additional 180 shares during the quarter. Woodstock Corp’s holdings in Analog Devices were worth $4,876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ADI. Capital Performance Advisors LLP bought a new stake in Analog Devices in the third quarter valued at $28,000. Archer Investment Corp grew its stake in Analog Devices by 101.4% during the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock worth $33,000 after buying an additional 73 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Analog Devices during the third quarter worth approximately $43,000. Reston Wealth Management LLC bought a new position in shares of Analog Devices in the third quarter valued at approximately $48,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Analog Devices in the 3rd quarter worth approximately $80,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Down 1.5 %

Shares of NASDAQ:ADI opened at $215.02 on Friday. The company has a 50 day moving average price of $216.03 and a two-hundred day moving average price of $222.66. The company has a market capitalization of $106.71 billion, a PE ratio of 65.36, a PEG ratio of 2.43 and a beta of 1.05. Analog Devices, Inc. has a 52 week low of $182.57 and a 52 week high of $244.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84.

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. 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 analyst estimates of $2.41 billion. During the same period in the previous year, the company posted $2.01 earnings per share. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. Analysts forecast that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Monday, December 9th. Analog Devices’s payout ratio is currently 111.85%.

Insider Activity

In other Analog Devices news, EVP Gregory M. Bryant sold 20,000 shares of the company’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 completion of the transaction, the executive vice president now owns 59,093 shares of the company’s stock, valued at $13,229,149.91. This represents a 25.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the completion of the sale, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,737,116.67. This represents a 31.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $11,029,300 over the last quarter. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ADI has been the subject of several research reports. Barclays lowered their price objective 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. Wells Fargo & Company assumed coverage on shares of Analog Devices in a report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target for the company. Morgan Stanley reduced their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Truist Financial lifted their target price on Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a research note on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.57.

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.