BayBridge Capital Group LLC Buys 180 Shares of Analog Devices, Inc. (NASDAQ:ADI)

BayBridge Capital Group LLC boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 7.5% in the 4th quarter, HoldingsChannel reports. The fund owned 2,582 shares of the semiconductor company’s stock after buying an additional 180 shares during the quarter. BayBridge Capital Group LLC’s holdings in Analog Devices were worth $549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new stake in shares of Analog Devices during the third quarter valued at approximately $28,000. Archer Investment Corp boosted its position in Analog Devices by 101.4% during the 3rd 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 period. Financial Life Planners bought a new stake in Analog Devices in the 4th quarter worth $33,000. Peterson Financial Group Inc. purchased a new position in shares of Analog Devices in the third quarter valued at about $43,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Analog Devices during the third quarter worth about $48,000. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at approximately $4,737,116.67. This trade represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Analog Devices Trading Down 1.3 %

Shares of NASDAQ ADI opened at $205.21 on Friday. The company has a market cap of $101.81 billion, a PE ratio of 62.37, a P/E/G ratio of 2.43 and a beta of 1.04. The firm’s 50 day moving average price is $215.46 and its 200-day moving average price is $220.59. 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 announced its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.41 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.01 EPS. On average, equities research analysts expect that Analog Devices, Inc. will post 7.09 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.79%. The ex-dividend date was Monday, December 9th. Analog Devices’s dividend payout ratio is 111.85%.

Analysts Set New Price Targets

ADI has been the topic of a number of research analyst reports. Truist Financial boosted their price target on Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a report on Friday, January 10th. TD Cowen dropped their price target 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 reissued a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Piper Sandler dropped their target price on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Finally, Barclays reduced their price target on shares of 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. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.70.

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.