Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.6% during the fourth quarter, HoldingsChannel reports. The fund owned 85,453 shares of the semiconductor company’s stock after selling 1,390 shares during the period. Analog Devices comprises approximately 1.3% of Baldwin Wealth Partners LLC MA’s investment portfolio, making the stock its 24th biggest holding. Baldwin Wealth Partners LLC MA’s holdings in Analog Devices were worth $18,155,000 as of its most recent SEC filing.

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

Analog Devices Trading Down 0.2 %

Shares of ADI opened at $217.02 on Monday. The company has a market capitalization of $107.67 billion, a P/E ratio of 66.07, a P/E/G ratio of 2.57 and a beta of 1.05. Analog Devices, Inc. has a one year low of $182.57 and a one year 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. The stock has a 50-day moving average price of $216.42 and a 200 day moving average price of $222.09.

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

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders 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 1.70%. The ex-dividend date was Monday, December 9th. Analog Devices’s dividend payout ratio is presently 111.85%.

Analyst Ratings Changes

Several analysts have recently issued reports on ADI shares. Barclays reduced their price objective on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. TD Cowen reduced their target price on 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 reiterated a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Wells Fargo & Company started coverage on Analog Devices in a research report on Friday, November 22nd. They set an “equal weight” rating and a $220.00 target price on the stock. Finally, Piper Sandler dropped their price target on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $248.70.

Insiders Place Their Bets

In related 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 value of $4,477,400.00. Following the transaction, the executive vice president now directly owns 59,093 shares in the company, valued at $13,229,149.91. The trade was a 25.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vincent Roche sold 10,000 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 value of $2,238,700.00. Following the completion of the transaction, the chief executive officer now owns 21,983 shares in the company, valued at $4,921,334.21. The trade was a 31.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $11,029,300 in the last quarter. Insiders own 0.31% of the company’s stock.

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.