Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by JGP Wealth Management LLC

JGP Wealth Management LLC raised its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,149 shares of the semiconductor company's stock after buying an additional 2,050 shares during the quarter. Analog Devices accounts for about 2.1% of JGP Wealth Management LLC's holdings, making the stock its 10th biggest position. JGP Wealth Management LLC's holdings in Analog Devices were worth $16,604,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ADI. Capital Performance Advisors LLP acquired a new stake in shares of Analog Devices during the 3rd quarter valued at about $28,000. Archer Investment Corp raised its position in 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 acquiring an additional 73 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in Analog Devices in the third quarter valued at approximately $43,000. Reston Wealth Management LLC bought a new stake in Analog Devices in the third quarter worth approximately $48,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Analog Devices during the 3rd quarter worth $80,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Activity at Analog Devices

In related news, EVP Gregory M. Bryant sold 20,000 shares of the 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 sale, the executive vice president now directly owns 59,093 shares of the company's stock, valued at approximately $13,229,149.91. This 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 link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the completion of the transaction, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,921,334.21. The trade was a 31.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,000 shares of company stock worth $11,029,300. 0.31% of the stock is currently owned by company insiders.

Analog Devices Trading Up 1.9 %

Shares of Analog Devices stock traded up $4.14 on Friday, hitting $219.16. 2,871,098 shares of the company's stock traded hands, compared to its average volume of 3,007,400. The firm's 50-day moving average price is $215.78 and its two-hundred day moving average price is $222.60. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35. The stock has a market capitalization of $108.77 billion, a PE ratio of 66.61, a price-to-earnings-growth ratio of 2.43 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.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, beating 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 business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company posted $2.01 earnings per share. The firm's revenue was down 10.1% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 9th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices's payout ratio is 111.85%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADI. Cantor Fitzgerald reissued a "neutral" rating and issued a $250.00 price target on shares of Analog Devices in a research report on Tuesday, October 8th. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a 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. Piper Sandler lowered their price target on Analog Devices from $235.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Finally, Truist Financial raised their price objective on shares of Analog Devices from $216.00 to $230.00 and gave the stock a "hold" rating in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $247.57.

Analog Devices 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.