Fiduciary Alliance LLC Invests $1.32 Million in Analog Devices, Inc. (NASDAQ:ADI)

Fiduciary Alliance LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,200 shares of the semiconductor company's stock, valued at approximately $1,317,000.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Analog Devices by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,708,427 shares of the semiconductor company's stock valued at $623,399,000 after purchasing an additional 39,186 shares in the last quarter. Swiss National Bank grew its holdings in Analog Devices by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,472,875 shares of the semiconductor company's stock worth $339,012,000 after acquiring an additional 4,600 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Analog Devices by 47.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 22,870 shares of the semiconductor company's stock valued at $5,264,000 after acquiring an additional 7,386 shares during the last quarter. Summit Global Investments acquired a new position in shares of Analog Devices during the third quarter worth $867,000. Finally, Versor Investments LP acquired a new position in shares of Analog Devices during the third quarter worth $952,000. 86.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wells Fargo & Company began coverage on Analog Devices in a report on Friday, November 22nd. They set an "equal weight" rating and a $220.00 target price on the stock. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a report on Wednesday, November 27th. Truist Financial lifted their price target on shares of Analog Devices from $216.00 to $230.00 and gave the company a "hold" rating in a research note on Friday. Cantor Fitzgerald reissued a "neutral" rating and set a $250.00 price objective on shares of Analog Devices in a research report on Tuesday, October 8th. Finally, Piper Sandler reduced their target price 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 investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and an average price target of $249.48.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the sale, the chief executive officer now owns 21,983 shares in the company, valued at $4,921,334.21. This trade represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gregory M. Bryant sold 20,000 shares of the business'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 value of $4,477,400.00. Following the completion of the sale, the executive vice president now owns 59,093 shares of the company's stock, valued at $13,229,149.91. The trade was a 25.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock valued at $11,029,300 in the last three months. Company insiders own 0.31% of the company's stock.

Analog Devices Stock Performance

Shares of Analog Devices stock traded up $1.70 during trading hours on Tuesday, hitting $214.65. 1,634,380 shares of the company's stock traded hands, compared to its average volume of 2,970,800. 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 $106.53 billion, a price-to-earnings ratio of 65.24, a PEG ratio of 2.47 and a beta of 1.05. Analog Devices, Inc. has a 12-month low of $182.57 and a 12-month high of $244.14. The company has a fifty day simple moving average of $216.25 and a 200-day simple moving average of $222.78.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.03. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The business's revenue for the quarter was down 10.1% on a year-over-year basis. During the same period last year, the business posted $2.01 earnings per share. Equities research analysts anticipate that Analog Devices, Inc. will post 7.15 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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

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.